We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Mon 27 Oct 2008 05:40 PM

Font Size

- Aa +

Emirates NBD launches consumer finance firm

Emirates Money to offer loans to individuals and small and medium sized businesses.

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.

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.

Arabian Business: why we're going behind a paywall

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.