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Mashreq starts debt counseling service
UAE-based Mashreq bank…
September 2, 2009 2:59 by kippreport
UAE-based Mashreq bank has launched what it claims is the country’s first debt counseling service for its customers. The facility, called Mashreq Assist, will help customers restructure their outstanding cards, loans and facilities.
“Over the past few months we have received an increasing number of customers who have come to us for financial counseling and support,” said Douglas K. Beckett, head of Retail Banking Group, Mashreq in a press release.
“Their concerns have risen from a multitude of issues including; job loss, reduction in salary, personal issues, investments that have been affected by the financial situation or simple over leveraging. We strongly recommend our customers to alert us at an early stage, to be able to arrive at a manageable solution.”