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Jabr Al-Suwaidi: An initiative that embodies Mohammed bin Zayed’s approach to improving the citizen’s standard of living
Positive interaction with the problems of citizens and the promotion of family and community stability
Supporting the citizen and giving him the opportunity to actively participate in the development of his society and country
In implementation of the directives of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, and the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, the “Troubled Debt Treatment Fund” announced that 17 banks, banks and financing institutions exempted 1214 citizens of their debts with a total value of more than 536 million and 230 thousand dirhams.
On this occasion, Jabr Muhammad Ghanim Al Suwaidi, Minister of State and Chairman of the Higher Committee of the Troubled Debt Treatment Fund, said that this initiative embodies the approach of His Highness Sheikh Mohamed bin Zayed Al Nahyan, which makes the citizen improve his standard of living, interact positively with his problems, and strengthen the causes of family and community stability. A major priority, and a primary goal, based on His Highness’s belief in the pivotal role of the citizen in achieving the country’s development goals and aspirations and making its renaissance.
Citizen support
Al-Suwaidi added that exempting this number of citizens from their debts confirms the keenness of the wise leadership to support the citizen in all circumstances, and to provide him with the opportunity to actively participate in the development of his society and country. He expressed his thanks and appreciation to the banks and financial institutions participating in this initiative, for the great cooperation they showed. And a patriotic sense of responsibility towards society.
Jabr Al-Suwaidi noted the important role played by the Troubled Debt Treatment Fund since its inception, indicating that the Fund will continue its national role by supporting the directions of the wise leadership and the cooperation of various institutions in the country.
The list of banks that contributed to the initiative includes 17 banks, banks and financing companies, namely: First Abu Dhabi Bank, Abu Dhabi Commercial Bank Group, Al Hilal Bank, Mashreq Bank, Emirates NBD and Abu Dhabi Islamic Bank, in addition to Ras Al Khaimah National Bank, HSBC, Dubai Islamic Bank, National Bank of Fujairah and Arab Bank. The United Bank, Sharjah Islamic Bank, Commercial Bank of Dubai and Amlak Finance, along with Standard Chartered Bank, Arab Bank for Investment and Foreign Trade, Emirates Islamic Bank and National Bank of Umm Al Quwain.
The officials of these banks and financial institutions affirmed their pride in participating in this national initiative for the benefit of society, noting that the Troubled Debt Treatment Fund plays a positive role, and they expressed their keenness to cooperate with the Fund in performing its important mission towards the country.
First Abu Dhabi Bank
For her part, Hana Al Rostamani, CEO of First Abu Dhabi Bank Group, said: “The Troubled Debt Treatment Fund is the best embodiment of the visions of our wise leadership to meet all the needs of the citizens of the United Arab Emirates, and to ensure a decent life for them, which is tangibly reflected in the process of social and economic development.” ».. stressing that the First Abu Dhabi Bank was at the forefront of national institutions contributing to this lofty initiative to support citizens and reduce their burdens. She added, “We renew our commitment to support various government initiatives that enhance the prosperity of the country’s citizens, and we affirm the continuation of cooperation with the Troubled Debt Treatment Fund in order to provide the necessary financial solutions and services to achieve the ambitious goals of this initiative in line with the aspirations of the country’s leadership for the next fifty years, in order to enhance community cohesion.” Achieving the goals of development and prosperity of the state.
Abu Dhabi Commercial Bank
Commenting on the bank’s participation in the initiative, Alaa Erekat, CEO of Abu Dhabi Commercial Bank Group, said: “Based on our firm commitment to our social responsibility, and in line with the vision of our wise leadership. The Fund for the Treatment of Bad Debts of Citizens, because of its positive impact on their lives and the enhancement of the social and economic stability of their families. He added that the group aims, through renewing its commitment to this lofty initiative, to contribute to overcoming the challenges faced by distressed citizens of limited income by rescheduling their debts. Ways and mechanisms to address the situation of defaulters and help them enhance the stability of their social conditions, which will reflect positively on the local community as a whole.
Mashreq Bank
On the occasion of the 51st Union Day of the United Arab Emirates, Mashreq Bank announced its contribution once again to supporting the “Nebered Debt Treatment Fund for Citizens” with the aim of providing assistance to distressed citizens in paying their outstanding debts.. indicating that as part of its continued commitment to participate in this noble initiative, it will waive Mashreq is responsible for debts of 90.16 million dirhams owed by 124 Emiratis.. Being one of the national Emirati banks, supporting the people of the country and contributing to the promotion of the community development of the country as a whole represents a firm commitment for the bank.
In turn, Hisham Abdullah Al Qassim, Vice Chairman and Managing Director of Emirates NBD and Chairman of the Board of Directors of Emirates Islamic, said: “The wise leadership of the United Arab Emirates has always been keen to consolidate the values of tolerance, achieve happiness for its citizens, and improve the quality of their lives.” Pointing out that Emirates Bank Dubai The National and Emirates Islamic are proud to belong to its ancient heritage, stressing the commitment – within the framework of the beloved UAE’s celebrations of the 51st Union Day – to provide support and contribute to this noble initiative launched by the wise leadership in the country to celebrate the unity and spirit of union shared by the people of the Emirates .. and we will continue to support the initiatives that are shared by the people of the Emirates. Contribute to enhancing the happiness of a
