2024-04-23 22:09:52
Information gathered by Emirates Today reports that banks held internal meetings yesterday to discuss the possibility of implementing the Central Bank’s initiative to ease the burden on those affected, with bank departments showing great cooperation and willingness to participate in the initiative.
A bank official told Emirates Al-Youm, who preferred to remain anonymous, that “the deferral of auto payments is easy to implement based on reports from police agencies at the emirate level in the country, but in terms of concerns the deferment of personal loan installments, there are no documents that can be completely relied upon to distinguish The person affected is the one who is not aggrieved, which is why most banks tend to approve the requests for postponement between one and three months, provided that the postponement of the first month is unconditional. If the client requests a delay of two or three months, he must provide proof that his accommodation was damaged or that he and his family were exposed to direct damage. “These cases will be determined later.
He added: “The Central Bank’s initiative is optional for banks, but there is a moral and societal commitment on the part of the banking sector to help ease the burden on customers and help fully recover from the effects of the damage caused by the crisis. rains”, emphasizing that the six-month deferral period is the maximum allowed in the Central Bank’s decision, but it is not anticipated that clients will have to defer this period, which means that the bank’s management will inevitably take takes into account a balance. between the interests of the customers concerned and the interests of shareholders and depositors.
He continued: “Since the issuance of the (Central Bank) circular, there has been a strong demand from customers to contact customer service centers, inquire regarding the postponement and submit requests, but the full picture of demand will become clear in the coming days,” indicating that it is expected that the deferral will include the current month’s installments in accordance with each customer’s request.
He said unaffected customers also have a moral obligation not to attempt to misuse the Central Bank’s circular and value the banks’ interests, as long as there is no reason to defer their payments and that they are not exposed to harm.
The source highlighted the central role of the banking sector in supporting the national economy and its presence in crises and difficult situations alongside official authorities, to help overcome the effects of the rain.
It should be noted that the Central Bank issued, the day before yesterday, a circular to all banks and financing companies concerning the possibility of deferring for a period the payment of the installments of personal loans and automobile loans for customers affected by the repercussions of the climatic situation. of six months, without imposing fees, interest, additional profits, or increasing the principal amount of the loan to the client in exchange for deferring payment of due dates.
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