RTA collaborates with ADCB on offering easy payment of fines, seasonal parking fees
The Roads & Transport Authority (RTA) in Dubai has teamed with the Abu Dhabi Commercial Bank (ADCB) in launching an initiative enabling motorists to pay for their RTA’s fines and seasonal parking card rates in easy instalments. It involves the offering, through the ADCB, of interest-free payment solutions to clients over various periods, depending on the amount of the fine.
To this effect, the two parties have recently signed a partnership agreement at the RTA Head Office in Dubai. Accordingly, ADCB credit card holders can have their fines, RTA seasonal parking fees paid in instalments in a flexible and a smooth manner.
Yousef Al Reda, CEO of RTA’s Corporate Administrative Support Services Sector said: “RTA had agreed with the ADCB on a plan for the payment of fines and seasonal parking fees through interest-free instalments over 3, 6, 9 or 12 months.”
“This agreement aims to bring more happiness to motorists through offering them extended periods for paying their fines or parking card fees with no interests involved. The move is a further step towards cementing the strategic partnership between ADCB and RTA,” he added.
Al Reda praised the ADCB, one of the leading national banks in the UAE, for offering innovative financial products & banking services to customers in a way that maximises their satisfaction & happiness.
Omran Taimour, Regional Head - Branch Banking at ADCB, said: “We are proud at ADCB to be the first U.A.E. Bank to tie up with RTA by launching this unique facility that provides our customers with a quick and efficient system of clearing their traffic and parking fines, whilst facilitating payment flexibility and customer convenience. ADCB has always been committed to enhancing the banking experience for its customers, advantage and introduction of this new payment model is an extension of this commitment.
“This outstanding initiative stems from the keenness of ADCB to enhance its corporate social responsibility and offer improved banking experience to clients of the bank and RTA. It enables them to pay RTA’s fines & seasonal parking card fees through easy, interest-free instalments as selected by the client. This partnership between ADCB and RTA in Dubai underscores our commitment to heed to our customers, respond to their needs and fulfil their aspirations.”
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.
Abu Dhabi Commercial Bank
ADCB was formed in 1985 and today after integration employs over 3,350 people from over 45 nationalities, serving approximately 590,000 retail customers and over 20,000 wholesale clients. It is the third largest bank in the UAE and second largest in Abu Dhabi by assets, at AED 163.7 billion as at March 31st, 2010.
ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate, currency, derivative, Islamic products, project finance and property management services.
ADCB is owned 64.8% by the Abu Dhabi Government through the Abu Dhabi Investment Council. Its shares are traded on the Abu Dhabi Securities Market.
ADCB has won the Silver class category of The Sheikh Khalifa Excellence Award (SKEA) for the finance sector in November, 2009. In February 2010, ADCB won The World Finance Corporate Governance Award for “Best Corporate Governance in the UAE” and was recently named “Best Retail Bank in the UAE and GCC 2010” by The Asian Banker magazine in March 2010.
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