Emirates NBD hires debt collectors to chase expat defaulters in the US, UK

Emirates NBD, Dubai's largest bank, is one of a number of local UAE lenders who have hired British and American debt collection agencies to chase expatriate defaulters who have absconded back to their home countries without settling their loan repayments.

“In response to a growing number of fleeing debtors, banks such as Emirates NBD, ADCB [Abu Dhabi Commercial Bank] and others have been increasing their recovery efforts by employing international debt collectors and enforcers,” Radha Stirling, a legal consultant specialising in the Middle East and founder of the London-based charity Detained in Dubai, told Arabian Business.