Emirates Money loan book reaches $270m

05 October 2011

Emirates NBD subsidiary grows during period of restrained liquidity

Consumer finance company Emirates Money, a wholly-owned subsidiary of the Emirates NBD Group has announced that the value of its loan book has reached AED1bn ($270m).

The company offers various loan products including business loans, non-salary transfer personal loans, loans against point-of-sale receivables, commercial vehicle loans and loans against property.

“As we continue to grow our book and expand our range of products and services, we remain focused on creating new opportunities for our customers to meet their everyday financial needs and realise their longer-term ambitions,” says Vikas Thapan, general manager at Emirates Money.   

The company was founded in 2008 and has three branches across Dubai.

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