ArabianBusiness.com - Middle East Business News
Sunday, 05 July 2009 07:07 UAE time

YOUR DIRECTORY /

| Share |

Emirates NBD launches consumer finance firm

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Monday, 27 October 2008
CONSUMER FINANCE: Emirates NBD has launched Emirates Money. (Supplied)
CONSUMER FINANCE: Emirates NBD has launched Emirates Money. (Supplied)

Emirates NBD on Monday launched a new consumer finance company that will offer loans to individuals and small and medium sized businesses.

The lender, the Gulf's largest by assets, said Emirates Money Consumer Finance will initially provide non-salary transfer personal loans, business loans and loans for commercial vehicles and construction equipment.

Emirates Money will start operations in Dubai, Abu Dhabi and Sharjah this year, with plans to expand into other parts of the UAE next year, it said.

Story continues below ↓
advertisement

Emirates Money chairman Jamal bin Ghalaita said in a statement the company will make it easier for individuals and small and medium sized companies to obtain loans.


For news updates sign up for our newsletter
| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST BANKING & FINANCE

  1. Kuwait's CBK reduces activity of investment unit - paper
  2. UAE banks await central bank guidance
  3. UAE banks have $3bn exposure to Saudi firms - paper
  4. S&P cuts rating on Oman United Insurance
  5. GCC's financial sector recovery slows in June - Al Mal

TOP MIDDLE EAST BUSINESS STORIES

  1. More bidders said interested in Porsche stake - report
  2. UK contractors in Dubai must be paid - UK trade minister
  3. Abu Dhabi police in Dh7.34m drugs bust
  4. Abu Dhabi bans lorries during rush hour
  5. Saudi Electricity set to sell more sukuk

ALSO IN MIDDLE EAST BANKING & FINANCE

  1. Mega-wealthy survivors have never had it so good
  2. Saudi Alinma Bank opens first branches
  3. On the REIT track
  4. Bahrain's Gulf Finance House denies merger talks
  5. Kuwait's CBK reduces activity of investment unit - paper

LATEST MIDDLE EAST BUSINESS NEWS

  1. Retail: Montblanc eyes further Gulf growth
  2. Healthcare: Oman confirms fourth case of swine flu
  3. Real Estate: Kuwait real estate sales fall to 5 month low
  4. Real Estate: Football, TV stars set up firm backed by Mideast investors
  5. Transportation: Abu Dhabi bans lorries during rush hour

SHARE PRICE CHECK

more » MIDDLE EAST MARKETS DATA

ENBD.DFM

Last Price:

3.50

-0.10-2.78%

2 Jul 2009 09:39 GMT
(Market Closed)

RELATED STORIES

Emirates NBD
| 56 stories
  1. Emirates NBD stock rallies after loan announcement
    1 Jul '09 | News
  2. Gulf's largest bank raises $1.09bn
    30 Jun '09 | News
  3. Banking giant expects to see pressure on earnings
    22 Jun '09 | News

RELATED LINKS

  1. Emirates NBD»
Related links open in a new window and are not endorsed by ArabianBusiness.com.

 EMAIL ALERTS

  1. Emirates NBD

  2. Personal Finance


CURRENCY CONVERTOR


CURRENT ISSUE


 

READER COMMENTS

Read all user comments >

BUSINESS FEATURES

On the REIT track

Is the Middle East ready to embrace Real Estate Investment Trusts as an investment class?

Is your bank exposed to troubled Saudi groups?

Find out the exposure of some of the Gulf’s top banks to the troubled Saad, AHAD groups.

Credit Suisse traders keep rockin’ through firings

Keep swinging with the former Wall Street workers swapping music for money.

BUSINESS INTERVIEWS

Mumbai millions

Dubbed the Bill Gates of India, Ajit Balakrishnan talks markets, mobiles and slumdog millionaires.

Securing data

Netik's executive vice president Keith Hale explains why the company stands head and shoulders above the competition.

'The worst is yet to come'

Former World Bank chief James Wolfensohn warns that the global economy is facing a long road to recovery.

MORE FROM ARABIANBUSINESS.COM

JOBS

Jobs

SPECIAL REPORTS

Special Reports

SURVEYS & REPORTS

Research

PROPERTY

property