Amlak halts home loans
United Arab Emirates: Thursday, November 20 - 2008 at 08:04
Amlak Finance, the UAE's biggest mortgage lender by market value, has temporarily stopped granting new home loans, Bloomberg has reported. The bank is reviewing its existing credit policy 'to ensure optimum servicing of existing and prospective accounts', CEO Arif Al Harmi said.
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Jeff Florian, Senior ReporterThursday, November 20 - 2008 at 08:04 UAE local time (GMT+4)
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