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National Consultative Council discusses personal loans

posted on 04/04/2006: 3076 views

The National Consultative Council, held its 9th meeting of the 1st ordinary session of the sixth legislative chapter under the chairmanship of its Speaker Abdullah Mohammed Al Masoud. During the meeting, they reviewed the final report regarding bank loans prepared by the Economical, Financial and Oil Affairs Committee. They also decided to postpone discussions of recommendations included in the report to the next session.

The committee met officials from the UAE Central Bank and other banks, besides Abu Dhabi's Chamber of Commerce, wherein the report included the procedures taken by them in the country for extending personal loans, their negative effects and statistics of loan takers in the past years. (Emirates News Agency, WAM)


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