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23/06/2015
Iraqi Central Bank announced on Tuesday the launch of loan amounts for medium and small projects by the private Iraqi banks early next month of July, and pointed out that the loan amounts will reach up to 50 million dinars, as he emphasized that banks benefit will not exceed 5.5%.
The governor of the Central Bank on the Keywords, "The central bank's decision to allocate trillion dinars to the private banks and directed to establish medium and small projects will begin early next month (July)," noting that the goal of these projects is to achieve economic and social development and support for small and medium-run economic projects workforce with outstanding skills. "
Keywords and added that "the amounts to be allocated to projects in target sectors (industrial, agricultural, housing, commercial, educational, health, tourism)," pointing out that "all Iraqi private banks covered by this decision for those who wish to work out."
Keywords and pointed out that "banks will lend to citizens who wish to obtain a loan for the project and when given him the that the bank introduced the statements monthly amounts lent to allow the central bank by providing those amounts according to the benefits is subject to her parties mechanisms (central bank and private banks)."
Keywords and stressed that "citizens can in any province in Iraq borrow sums amounting to 50 million dinars and that the recovery period not exceeding three years, either for the benefit of the bank decided that the interest rate borne by the borrower on the 5.5% rate of not more than."
For his part, President of the Association of private banks and depositary Handal, said that "those loans constitute a great service to the country's economy because they will absorb a large part of unemployment as well as they would move local Iraqi productive sectors not to mention the support of the Iraqi market."
Handal said that "the Bank's initiative will enhance confidence between the citizen and the private banks and bridges make it there for a long continuous confidence and work among the branches of the banks and their clients from the citizens."
The Central Bank of Iraq, announced on Tuesday (June 19, 2015), the launch trillion dinars for private banks to finance small and medium enterprises loans, and increase the share of dollar sales for banking companies and foreign transfers, pointed out the development of measures to to address the lack of liquidity in some banks.
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23/06/2015
Iraqi Central Bank announced on Tuesday the launch of loan amounts for medium and small projects by the private Iraqi banks early next month of July, and pointed out that the loan amounts will reach up to 50 million dinars, as he emphasized that banks benefit will not exceed 5.5%.
The governor of the Central Bank on the Keywords, "The central bank's decision to allocate trillion dinars to the private banks and directed to establish medium and small projects will begin early next month (July)," noting that the goal of these projects is to achieve economic and social development and support for small and medium-run economic projects workforce with outstanding skills. "
Keywords and added that "the amounts to be allocated to projects in target sectors (industrial, agricultural, housing, commercial, educational, health, tourism)," pointing out that "all Iraqi private banks covered by this decision for those who wish to work out."
Keywords and pointed out that "banks will lend to citizens who wish to obtain a loan for the project and when given him the that the bank introduced the statements monthly amounts lent to allow the central bank by providing those amounts according to the benefits is subject to her parties mechanisms (central bank and private banks)."
Keywords and stressed that "citizens can in any province in Iraq borrow sums amounting to 50 million dinars and that the recovery period not exceeding three years, either for the benefit of the bank decided that the interest rate borne by the borrower on the 5.5% rate of not more than."
For his part, President of the Association of private banks and depositary Handal, said that "those loans constitute a great service to the country's economy because they will absorb a large part of unemployment as well as they would move local Iraqi productive sectors not to mention the support of the Iraqi market."
Handal said that "the Bank's initiative will enhance confidence between the citizen and the private banks and bridges make it there for a long continuous confidence and work among the branches of the banks and their clients from the citizens."
The Central Bank of Iraq, announced on Tuesday (June 19, 2015), the launch trillion dinars for private banks to finance small and medium enterprises loans, and increase the share of dollar sales for banking companies and foreign transfers, pointed out the development of measures to to address the lack of liquidity in some banks.
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