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Wednesday, 25 November 2009 04:45 UAE time

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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.

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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.

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  1. Dubai's Oct property sales value rises by 50% - official 05
    24 Nov ' 09 at 19:36
    These numbers can be very deceptive. If one house sold in the previous month, 2 houses selling the next month will give you a 50 %...   More  »
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