Seven banks waive 1930 Emiratis from bad debts | ZAWYA MENA Edition:
"The UAE banks which waived defaulted loans of 1930 UAE nationals worth AED325 million have been recognised by Ahmed Juma Al Zaabi, Deputy Minister of Presidential Affairs and chairman of the Supreme Committee of the Debt Settlement Fund.
The honoured banks include Abu Dhabi Islamic Bank, First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Al Hilal Bank, Emirates NBD, Commercial Bank International and Commercial Bank of Dubai.
AL Zaabi, during the recognition ceremony which was held at the National Archive Theatre and attended by a number of state executives and bankers, commended the keenness of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to ensure welfare and family integration in the UAE society and provide all life amenities and services to the UAE citizens to incentivise them to effectively contribute to the transformational development drive in the country."
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