Emirates Money, a leading consumer finance company, has reported a 31 per cent year-on-year growth in its asset book for 2011, which crossed Dh1.1 billion ($299.4 million).
The wholly owned subsidiary of the Emirates NBD Group also reporte
Emirates Money, a consumer finance company and subsidiary of Emirates NBD Group, has launched commercial vehicle financing for fruit and vegetable traders in the Al Aweer area in Dubai.
The initiative is being led by Emirates Money, in con
Emirates Money, a consumer finance company and part of the Emirates NBD Group, registered a 26 per cent growth in loan portfolio in 2010, when compared to 2009.
The company reported that in a short span of three years its customer base has
Dubai Property Society (DPS), an association of professionals engaged in the real estate sector, hosted a one-day forum with focus on the emirate’s real estate consumer finance landscape.
Titled “Consumer Real Estate Finance in Dubai”, the
Emirates NBD has obtained a licence from the Central Bank of the United Arab Emirates to launch a new consumer finance company under the name of Emirates Money Consumer Finance.
The licence will allow Emirates Money to commence operation
Societe Generale (SocGen), one of the largest financial services groups in Europe, has launched its consumer finance unit, CrediNil, in Egypt as part of its global expansion strategy.
CrediNil is a specialised consumer finance divisi