Salary data for 3.71 million customers included in credit reports: Al Etihad Credit Bureau

Salary data for 3.71 million customers included in credit reports: Al Etihad Credit Bureau

DUBAI / WAM The Al Etihad Credit Bureau (AECB) said the number of customers whose credit reports include monthly salary information has reached 3.71 million at the end of the first quarter of 2024. Marwan Ahmed Lutfi, CEO of AECB, told the Emirates News Agency (WAM) that the total number of credit report and score ...

DUBAI / WAM

The Al Etihad Credit Bureau (AECB) said the number of customers whose credit reports include monthly salary information has reached 3.71 million at the end of the first quarter of 2024.

Marwan Ahmed Lutfi, CEO of AECB, told the Emirates News Agency (WAM) that the total number of credit report and score requests doubled over the past few years, from one million in 2015, the year the bureau officially launched, to more than 10 million in 2023.

When it began operating, the bureau offered its services to banks only, but in line with its technology and data policies, it now provides data, solutions, and products to various economic, consumer, and government sectors, reaching 20 percent of the total credit reports and scores is issued in one year, he added.

He then pointed out that 101 entities, including banks, finance companies, telecommunications companies, state courts, the