Abu Dhabi – Mubasher: The Central Bank of the UAE has issued an announcement obligating banks and financing companies across the UAE to request reports from Al Etihad Credit Bureau before granting personal or commercial loans.

The central bank also said that banks should receive necessary reports before rescheduling commercial or personal loans, according to Al Khaleej newspaper.

The credit assessment is used as an indicator to test the companies and associations’ compliance with paying financial dues during the coming twelve months.