UAE: Dubai Banks Announce Relief Measures to Ease COVID-19 Impact

UAE: Dubai Banks Announce Relief Measures to Ease COVID-19 Impact

, customers will also get a refund on charges on cash withdrawals done through debit cards on all ATMs and other banks.. Dubai's five major banks - Emirates NBD, Dubai Islamic Bank, Mashreq Bank, Emirates Islamic and Commercial Bank of Dubai - on Saturday rolled out a host of relief measures for their individual and corporate customers to fight the impact of coronavirus.. For individual customers, the three commercial banks announced that those employees who have been placed on unpaid leave can approach them for a repayment holiday of up to three months with zero interest and fees.. Those customers who want to cancel their travel bookings done on their credit and debit cards will receive a refund of the foreign currency transaction fees charged by the bank.. "We were among the first to recognise the needs of our customers, and the measures we are announcing will supplement the reduced fees and charges we already put in place for corporate banking customers two weeks ago," said Sheikh Ahmed.. Dubai Islamic Bank (DIB), the emirate's largest Shariah-compliant bank, offered a one-month repayment holiday on individual loans, free cash withdrawal from any other banks' ATMs, 50 per cent cut in bank charges