Central bank to survey UAE banks

Abu Dhabi: The UAE Central Bank will conduct a survey of banks operating in the UAE to gauge their opinions on a suggestion to amend interest rates and fees on personal loans and other fees and commissions against services offered to clients.

Following a board meeting on Wednesday, the Central Bank's board also instructed that another suggestion related to pending loans and interest and investment allocations, submitted by the CEO of the Banks Control and Inspection Department be amended.

A press release issued by the central bank on Wednesday said the board will conduct another survey related to inactive bank accounts.

The board also listened to a Treasury Department report.