1. Definitions
| No: GDBC-191000000045-1419H |
1. Consumer Lending : Means loans to clients for purchasing tangible or intangible consumer goods (cars, furniture, real estate, medicines and the like) provided that they do not use these loans for commercial purposes and that repayment is in line with the borrower income. This does not include the financing of buying shares.
These loans are classified as follows :
1-1 Real estate loans (purchase, repair, furnishing et...)
1-2 Loans for purchasing cars, equipment and appliances.
1-3 Other personal loans, including all personal and consumer items that are not included in 1-1 and 1-2
2. Credit card loans : means the facilities granted through credit cards, excluding debit cards.
3. Loans to employees, which include :
3-1Loans to bank employees
3-1-1 Employees of high management
3-1-2 Other employees.
The employees of high management shall be defined according to the bank classification.
3-2Loans to the employees of private sector establishments and companies, as per specific agreements concluded by the bank and the private sector, whereby the salary of the employee is transferred to the bank, along with other procedures to guarantee repayment.