Dubai – Mubasher: Emirates NBD on Wednesday announced that it will offer customers preferential lending and pricing based on the Al Etihad Credit Bureau (AECB) consumer credit score.
The bank has aligned its internal credit behaviour scoring capabilities with the AECB score across all retail loans and credit cards, the bank stated in a press release.
This would create an integrated matrix of eligibility and risk based pricing, enabling all bank customers to benefit from quicker decisions and higher loan and card facilities based on their credit behaviour, the bank added.
Moreover, the integrated system allows Emirates NBD to extend preferential benefits to new customer segments, such as; non-salary transfer loans, customers employed with non-listed entities, and pre-approved credit facilities with preferential pricing, the bank continued.
“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.” senior EVP and group head for retail banking Suvo Sarkar said.
The AECB Consumer Score is the first scoring system for UAE’s retail banking customers, launched in April 2017, developed for risk prediction using historical data on repayment behaviour.
