21 Feb 2012
(MENAFN) Director of the Capital police station in Abu Dhabi, Brigadier Maktoum Al Shareefi, said that in 2011, the station received 6,502 reports from banks about credit card defaulters, reported Emirates 24/7.
Al Shareefi added that the amount involved in the reports reached nearly USD55.28 million, advising all nationals and expatriates to be careful in spending, in order to develop a saving habit and avoid such problems.
On the other hand, the country’s central bank said that it would soon introduce regulations on credit cards as was the case with personal loans.
It is worth noting that banks in the UAE have the right to report card holders who fail to pay even for one month, however, many banks give their clients three months to pay before reporting them.
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more