Al Etihad Credit Bureau is a Public Joint Stock Company wholly owned by the UAE Federal Government. 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.
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.
Because the credit score reflects a range of factors, including how much debt a person has and whether they are comfortably able to pay it back each month, it provides a barometer of a customer’s creditworthiness and risk of default.