Abu Dhabi: Al Etihad Credit Bureau (AECB) is delighted to announce Union National Bank as the first bank to submit data on a daily basis. Daily Data Submission will enable subscribers to access the most recent changes in customers’ information within 24 hours, allowing faster and more effective decision-making.

“We would like to thank UNB for working closely with AECB to be the first bank to go live with Daily Data Submission. We are pleased that a number of other banks will be going live over the next few weeks with the majority onboard by year-end,” said Marwan Ahmad Lutfi, CEO of AECB.

He added:”Daily Data Submission will assist banks in making more informed credit decisions by having daily access to information on updated customers’ credit information”.

Mr. Mohammad Nasr Abdeen CEO of UNB commented: “We are very pleased to be the first bank to go live with the new Daily Data Submission feature. UNB has consistently maintained a high credit quality over the years primarily due to a strong customer-focused strategy. Daily Data submission and value added services provided by the bureau will help us keep improving our portfolio quality and enhance customer experience over time”.

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About AECB
Established as a Public Joint Stock Company wholly owned by the UAE Federal Government, AECB is the UAE Credit Bureau. As per UAE Federal Law No. (6) of 2010 concerning Credit Information, the company is mandated to regularly collect credit information from financial and non-financial institutions in the UAE. Al Etihad Credit Bureau aggregates and analyzes this data to calculate Credit Scores and produce Credit Reports that are made available to individuals and companies in the UAE.

About UNB
Established as a Public Joint Stock Company in 1982, UNB is one of the leading domestic banks in the United Arab Emirates, headquartered in Abu Dhabi. UNB offers a variety of products and services, addressing needs ranging from basic requirements of individuals to the more complex requirements of corporate entities.

For more information:
Souzan Beydoun
Marketing and Communication Officer-AECB
Email: souzanb@aecb.gov.ae

© Press Release 2017