The Central Bank has instructed banks to increase the debt burden ratio for retirees and senior UAE nationals to 50 per cent under the Sheikh Zayed Housing Programme. Photo: Central Bank of the UAE
The Central Bank has instructed banks to increase the debt burden ratio for retirees and senior UAE nationals to 50 per cent under the Sheikh Zayed Housing Programme. Photo: Central Bank of the UAE

Business

Banking

UAE Central Bank eases regulations for Sheikh Zayed Housing Programme beneficiaries

Banks in the UAE have been instructed to increase the debt burden ratio to 60% from 50% to allow more borrowers to obtain loans

The National

July 31, 2022