Big UAE banks ‘not using Al Etihad Credit Bureau reports’ | The National:
"The head of the country’s main bankers’ group says big banks are not using a new system for checking creditworthiness because of confusion over liability for inaccurate data.
The Al Etihad Credit Bureau, which began issuing credit reports last week, now has more than 95 per cent of financial data on individual customers in its systems.
But banks have so far not used the reports – which include data provided by their competitors – to assess the creditworthiness of clients, said Abdul Aziz Al Ghurair, chairman of the UAE Banks’ Federation."
'via Blog this'
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