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.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.