The Credit Information Union issues more than 15 million reports and credit evaluation annually
Abu Dhabi, August 26 / WAM / The Federation for Credit Information announced the increase in the number of credit reports issued by one million reports in its first year to more than 15 million reports and credit evaluation annually.
On the occasion of her celebration of the 10th anniversary of the launch of credit reports in the country, she said that this reflects the importance of the credit registry in the country and the growing demand for credit data and analyzes, and its role as a basic tool to consolidate confidence and financial stability.
She added that since the issuance of the first credit report for individuals in September 2014, the Federation has formed credit information a pivotal station in the financial and economic scene of the state. The United Arab Emirates Bank issued a celebration of this occasion, a silver souvenir of 10 dirhams.
The design of the cash piece reflects the new institutional identity of the Federation for credit information.
His Excellency Marwan Ahmed Lotfi, Director General of the Federation for Credit Information, said, “This souvenirs are not only embodied in our march, but also expressing our appreciation and gratitude to the institutions and individuals who contributed to the success of the Federation for credit information. We have been able over the past ten years to consolidate the solid foundations that made the Union for credit information a pivotal element in the financial system of the state, and through analyzes A reliable data, we renew our commitment to the continuation of enabling rational financial decisions and enhancing financial stability in line with the state’s vision of the future.
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