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Trillion dinars to support small enterprises
6/25/2015 0:00
Central identifies 50 million dinars upper limit per loan
BAGHDAD - Hussein al-Tamimi Tgb
fired CBI national project lending to small and medium-sized enterprises in cooperation with the private banks represented by the Association of Iraqi private banks in the celebration of a broad high-level presence of the representatives of legislative and executive bodies in addition to host the central bank and tie .alparwa works to provide a loan 20 000 and 250 000 jobs and reduce the 30 percent unemployment rate this Matdmenh the financing of small and medium enterprises {program} National Finance Fund.
The ceremony started with the word Central Bank Governor Dr. Ali Keywords which announced the launch of trillion Iraqi dinars to support This national project is important on the way to stimulate the economy through the creation of small and medium enterprises contribute to the economic and development goals in the forefront of providing jobs for many young people Allbages opportunities.
trillion dinars Keywords between that this project came depth study in coordination with the Iraqi private banks association, pointing that the project includes the allocation trillion Iraqi dinars, distributed as loans to small and medium enterprises through the windows of private banks under the bank guarantees the company cover. He pointed out that the success achieved by this project stimulates the central to the development of the idea and provide more support, stressing that an important national project stimulates economic activity He is of manpower and creates a new basis of economic movement, noting that the project represents a starting point for economic activity in many countries that have reached the contribution of these projects in the GDP where 70 percent in some of them. economic activity Keywords said in the case of Iraq, we find suitable for his success circumstances comes this project to provide financial support to economic activity real, and it comes along with the allocation of 5 trillion to banks specialized (agricultural, industrial, real estate) that await instructions from the government to launch the amounts in order to stimulate economic activity, stressing that the process is accompanied by very keen to employ the money in the right direction which achieve economic feasibility. The head of the Iraqi private banks association meek Handal has pointed out that the allocation trillion dinars for private banks to support small and medium enterprises do the Iraqi market movement where granted loans amounts ranging from 5-50 million dinars in various industrial, agricultural, commercial and service specialties as well as tourist . He said the project covers 20 000 project at an interest rate not to exceed 5 percent and reduced the proportion of the projects carried out by women in the tendency to activate its role in society and economic life, indicating that the association is determined to achieve its goals for activating the economy and serve the citizens, despite a number of challenges, and claim media snapped its leading role in support this humanitarian project and the consolidation of small and medium enterprises concepts and type of lending and focus on successful projects. . Handal stressed that the informed decisions of the Central Bank of Iraq had a significant impact for the recovery of the dinar exchange rate against the dollar. agile and simple project is not likely things manipulate this was confirmed by Ehsan Shamran general manager at the Central Bank of Iraq dismissed: that the banks have to deal with a successful customer can re The amount, which will be used banks liquidity in loans and then pay Central has allocated. He pointed to the existence of understandings with the Association of Banks to reduce interest rates to below 5 percent for women's projects, pointing out that the loan amounts to no more than 50 million dinars a period of recovery does not exceed 5 years and the bank the power to extend the period of the loan, and the bank is responsible for loan recovery period. while between the managing director of the company bank guarantees that the company has experience in this area and has achieved great success in most of the cities of Iraq, as the company has supported all sectors except banned, where the number of loans guaranteed by the company's 11935 loan through 8 Snoat.tm display Commissioner Director of several successful funded from previous loans for small and medium projects in various provinces experiences and the nature of the projects educational, commercial, food and projects Poultry farming and the other was able to develop itself and become the availability of jobs and achieve substantial economic feasibility of their owners . and accept Director regional experiences and successes and how the states role in supporting these projects, then praised the central role in supporting this experience that is going in the right direction. National Business Iraqi Council was present and praised boss David Abdul Zayer on this project, pointing to the importance of direct loans direction that serves the country and do industrial and agricultural activities, and pointed to the availability of the elements of the success of this project, stressing that many countries have done their economies through these projects. He said that large sums of money allocated annually to import goods can be manufactured inside Iraq and across the small and medium projects can also be that the projects be Small and medium-sized tributary of large industries. international experiences for the first time in economic conferences exist artistic self to talk about the relationship between the economy and the art 'where the artist Naseer Shamma said today meet visions for the project to serve the Iraqi economy, pointing to the experience of European countries in the reception of refugees and give them the amounts do not exceed 500 euros per month and how it employs to achieve economic feasibility through its role in the operation of the metro and small services and various fields and shops, pointing out that this project is possible to create jobs for young people as well as innovators. Managing Director of the Association of Iraqi private banks Ali Tariq eating in an interview with the Iraqi experience of the company to finance projects Small said to them that the company has provided up to last May 4530 loan worth up to 84 billion dinars, pointing out that the existing loan number 2196 loan and amounts of up to 36 billion Iraqi dinars, indicating that the participation rate of women of 23 percent and they high degree of commitment to repay. He stressed the importance that the media have a prominent role in this project by creating a culture of employment loans direction economically feasible, noting that the instruction in this area focus on granting the owners of expertise in various professions loan to invest in small and medium projects. Stressing that the loans will follow up by the joint committees of the Central Bank and private banks Association.
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6/25/2015 0:00
Central identifies 50 million dinars upper limit per loan
BAGHDAD - Hussein al-Tamimi Tgb
fired CBI national project lending to small and medium-sized enterprises in cooperation with the private banks represented by the Association of Iraqi private banks in the celebration of a broad high-level presence of the representatives of legislative and executive bodies in addition to host the central bank and tie .alparwa works to provide a loan 20 000 and 250 000 jobs and reduce the 30 percent unemployment rate this Matdmenh the financing of small and medium enterprises {program} National Finance Fund.
The ceremony started with the word Central Bank Governor Dr. Ali Keywords which announced the launch of trillion Iraqi dinars to support This national project is important on the way to stimulate the economy through the creation of small and medium enterprises contribute to the economic and development goals in the forefront of providing jobs for many young people Allbages opportunities.
trillion dinars Keywords between that this project came depth study in coordination with the Iraqi private banks association, pointing that the project includes the allocation trillion Iraqi dinars, distributed as loans to small and medium enterprises through the windows of private banks under the bank guarantees the company cover. He pointed out that the success achieved by this project stimulates the central to the development of the idea and provide more support, stressing that an important national project stimulates economic activity He is of manpower and creates a new basis of economic movement, noting that the project represents a starting point for economic activity in many countries that have reached the contribution of these projects in the GDP where 70 percent in some of them. economic activity Keywords said in the case of Iraq, we find suitable for his success circumstances comes this project to provide financial support to economic activity real, and it comes along with the allocation of 5 trillion to banks specialized (agricultural, industrial, real estate) that await instructions from the government to launch the amounts in order to stimulate economic activity, stressing that the process is accompanied by very keen to employ the money in the right direction which achieve economic feasibility. The head of the Iraqi private banks association meek Handal has pointed out that the allocation trillion dinars for private banks to support small and medium enterprises do the Iraqi market movement where granted loans amounts ranging from 5-50 million dinars in various industrial, agricultural, commercial and service specialties as well as tourist . He said the project covers 20 000 project at an interest rate not to exceed 5 percent and reduced the proportion of the projects carried out by women in the tendency to activate its role in society and economic life, indicating that the association is determined to achieve its goals for activating the economy and serve the citizens, despite a number of challenges, and claim media snapped its leading role in support this humanitarian project and the consolidation of small and medium enterprises concepts and type of lending and focus on successful projects. . Handal stressed that the informed decisions of the Central Bank of Iraq had a significant impact for the recovery of the dinar exchange rate against the dollar. agile and simple project is not likely things manipulate this was confirmed by Ehsan Shamran general manager at the Central Bank of Iraq dismissed: that the banks have to deal with a successful customer can re The amount, which will be used banks liquidity in loans and then pay Central has allocated. He pointed to the existence of understandings with the Association of Banks to reduce interest rates to below 5 percent for women's projects, pointing out that the loan amounts to no more than 50 million dinars a period of recovery does not exceed 5 years and the bank the power to extend the period of the loan, and the bank is responsible for loan recovery period. while between the managing director of the company bank guarantees that the company has experience in this area and has achieved great success in most of the cities of Iraq, as the company has supported all sectors except banned, where the number of loans guaranteed by the company's 11935 loan through 8 Snoat.tm display Commissioner Director of several successful funded from previous loans for small and medium projects in various provinces experiences and the nature of the projects educational, commercial, food and projects Poultry farming and the other was able to develop itself and become the availability of jobs and achieve substantial economic feasibility of their owners . and accept Director regional experiences and successes and how the states role in supporting these projects, then praised the central role in supporting this experience that is going in the right direction. National Business Iraqi Council was present and praised boss David Abdul Zayer on this project, pointing to the importance of direct loans direction that serves the country and do industrial and agricultural activities, and pointed to the availability of the elements of the success of this project, stressing that many countries have done their economies through these projects. He said that large sums of money allocated annually to import goods can be manufactured inside Iraq and across the small and medium projects can also be that the projects be Small and medium-sized tributary of large industries. international experiences for the first time in economic conferences exist artistic self to talk about the relationship between the economy and the art 'where the artist Naseer Shamma said today meet visions for the project to serve the Iraqi economy, pointing to the experience of European countries in the reception of refugees and give them the amounts do not exceed 500 euros per month and how it employs to achieve economic feasibility through its role in the operation of the metro and small services and various fields and shops, pointing out that this project is possible to create jobs for young people as well as innovators. Managing Director of the Association of Iraqi private banks Ali Tariq eating in an interview with the Iraqi experience of the company to finance projects Small said to them that the company has provided up to last May 4530 loan worth up to 84 billion dinars, pointing out that the existing loan number 2196 loan and amounts of up to 36 billion Iraqi dinars, indicating that the participation rate of women of 23 percent and they high degree of commitment to repay. He stressed the importance that the media have a prominent role in this project by creating a culture of employment loans direction economically feasible, noting that the instruction in this area focus on granting the owners of expertise in various professions loan to invest in small and medium projects. Stressing that the loans will follow up by the joint committees of the Central Bank and private banks Association.
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