EmiratesNBD: Pay Roads and Transport Authority Fines in Instalments

Press release
Published February 20th, 2018 - 12:04 GMT
Ahmad Al Kaabi, RTA’s Executive Director of Finance
Ahmad Al Kaabi, RTA’s Executive Director of Finance

Motorists banking with Emirates National Bank of Dubai (EmiratesNBD) can now pay their Roads and Transport Authority (RTA) fines and seasonal parking card fees in monthly instalments, the RTA announced on Monday.

According to an RTA official, there are various payment periods that can be availed, depending on the amount, through credit cards with zero interest.

Ahmad Al Kaabi, RTA’s Executive Director of Finance, said, “The RTA has agreed with the EmiratesNBD on a plan for payment of fines and fees of seasonal parking cards due to the RTA through interest-free instalments over periods of three, six, nine or 12 months.

“This initiative is aimed at easing the burden on owners of vehicles in paying for their fines and fees of seasonal parking cards through offering them longer payment period with no interest. The agreement is a further step consolidating the strategic partnership between the RTA and EmiratesNBD.”

The service could be accessed through either the Emirates NBD App on mobile phones or at any of the RTA Points of Sale.

“We are pleased to be one of the first banks teaming with the RTA in the launch of this unique initiative, which offers our clients a swift, smooth and flexible system for payment of fines and fees of seasonal parking cards,” said Ahmad Al Marzouqi, Executive Vice-President and Head of Retail Distribution at EmiratesNBD.

He added: “As a pioneer corporate entity in delivering banking services in the UAE, the EmiratesNBD is always on pursuit of innovative solutions and services that can make a big difference to people in Dubai. This strategic partnership is an important step in the right direction.”

Source: Gulf News

Background Information

Emirates NBD

Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.

Roads and Transport Authority

Providing an advanced transport network for the people of Dubai was among the top priorities on the government’s agenda, a goal reflected by the initiatives to enhance the public transport facilities and improve roads across the emirate to make travel safer and smoother, thus the founding of The Roads and Transport Authority by the Decree No. 17 of 2005.

RTA plans and provides the requirements of transport, roads and traffic in Dubai, and between Dubai and other Emirates of the UAE and neighboring countries, in order to provide an effective and integrated transport system to achieve Dubai's vision and serve its vital interests.

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