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Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
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Start your banking journey with the leading bank in the region.
Find a suitable account and applyDiscover the benefits of being our customer by browsing through our banking packages.
Learn more about banking packagesLearn all about how to use your account's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
All our cards offer you an exciting range of rewards and benefits.
Find a suitable card and applyGet the most out of your credit card by exploring its different benefits.
Learn all about how to use your card's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
Here's how to make the most out of your loan with us.
Visit our dedicated support center for answers to all your banking-related questions.
Our various FX products and services help you conduct your international transactions easily.
Our wide range of transfer options make it easier for you to send money locally and internationally.
Learn all about how you can seamless use our services to transfer money.
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Know more about our Wealth servicesLife is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Access to over 11,000 stocks and ETFs in Global and UAE markets
Visit our dedicated support center for answers to all your banking-related questions.
Everyday banking is a lot easier with our digital banking platforms and services.
Discover more about banking with usWe have over 200 branches and 900 ATMs and CDMs across the UAE and overseas.
Learn more about our services and get the most out of your banking relationship with us.
Visit our dedicated support center for answers to all your banking-related questions.
Start your Priority Banking journey and live your success
Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Dubai, 27 September 2017: Emirates NBD, a leading bank in the region, today announced that it will offer customers preferential lending and pricing based on the Al Etihad Credit Bureau (AECB) Consumer credit score, across all retail loans and credit cards.
The bank has aligned its internal credit behaviour scoring capabilities with the AECB score to create an integrated matrix of eligibility and risk based pricing, thus enabling all bank customers to benefit from quicker decisions and higher loan and card facilities based on their credit behaviour. The integrated system allows Emirates NBD to extend preferential benefits to new customer segments such as non-salary transfer loans to customers employed with non-listed entities, and pre-approved credit facilities with preferential pricing.
Commenting on the announcement, Suvo Sarkar, Senior EVP & Group Head – Retail Banking and Wealth Management said: “Emirates NBD is pleased to fully integrate and leverage the AECB credit score within our lending processes to benefit our customer base. The integrated system not only rewards creditworthy customers with competitive rates and better range of credit facilities, but also motivates all customers to maintain a healthy financial record and inculcates responsible financial behaviour.”
Commenting on the usefulness of the AECB score, added Sarkar, “Having access to the credit scores of those UAE residents who are not existing payroll customers gives us the added benefit of being able to accurately price loans as well as offer pre-approved credit facilities for non-Emirates NBD customers.”
Manoj Chawla, Group Chief Risk Officer, Emirates NBD commented: “In line with international best practice, AECB’s standardised credit scoring is a superior risk management tool that ensures all of Emirates NBD’s retail banking customers are assessed by the same behavioural metrics. While the customer receives a fairly priced loan or credit facility, the bank’s portfolio quality strengthens, reducing the need for provisioning, and onboarding creditworthy customers who pose less risk. The initiative is a win-win for banks and customers alike, and is now utilised by all of Emirates NBD’s retail asset products to enable full transparency and maximise efficiency.”
Launched in April this year, the AECB Consumer Score is the first scoring system for UAE’s retail banking customers, exclusively developed for risk prediction using historical data on repayment behaviour reported to Al Etihad Credit Bureau. The Credit Bureau Score is a three-digit number, ranging from 300 to 900 with a lower score indicating a higher risk and likelihood of missing loan or card payments. Emirates NBD was among the first banks in the UAE to report customer data to the Al Etihad Credit Bureau.
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