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Expert (time): 6 years repayment and interest 5 percent by private banks
– July 15, 2015
The launch of JD 50 million loan for citizens to create a small-scale projects
Baghdad
Central Bank awarded a $ trillion dinars to the private banks to lend to owners of small and medium enterprises, adding that the upper limit for lending of 50 million dinars include all Iraqis without exception, pointing out that the interest rate does not exceed 5 percent. He said economic expert Majid picture of (time) yesterday that the (Bank launched the first of July of this National Fund for lending initiative and the granting of private banks amount trillion dinars to lend to small entrepreneurs and medium-citizens to have a minimum lending does not exceed the amount of 50 million dinars). He added that the (interest charged on the loan for the benefit of the bank amounting to 4 percent and in favor of Bank 7 per thousand and in favor of 8 per thousand and 4.15 Guarantees company per thousand banking services to be almost interest 5 percent the amount as well as the banks are responsible for the people's commitment to the loan and Bank-supported so), He said the picture that (all citizens are covered by the loan conditional availability of the project, whether economically or agriculturally or commercially or Khaddmaa without specifying which assesses the banking committees competent in this regard with the imposition of each bank as it deems appropriate to ensure the loan, whether the sponsor employee or guarantees of real estate or ensure that the project for himself that includes the machinery and technological machines). He pointed out that (repay the loan from private banks to the Bank for identified about 3 years, subject to extension for a full year after studying the request and provide the conditions either pay the citizen of the bank they are almost open and exceed 6 years, subject to extension at the commitment to implement the project), and follow the picture that (project was launched on the first of July of this was for work done specify a non-committed amount of the trillion dinars as the bank if seen high on the loan request could raise the amount and makes the loan term open and make the project self-financing of the premiums received by loans completed projects), and pointed out The banks have committees look at the project and determine the amounts inception submit it directly to the bank for the purpose of the transactions that are through private banks directly).
To that, the economic expert on behalf of Antoine launch small businesses loans to create jobs and reduce unemployment and wide as well as providing the local industry instead of imported products in the market, calling for a fair distribution of loans away from corruption. Said Antoine (time) yesterday that (launch small businesses a boost to the local economy but needs a large working Iyad as well as the funding to be easy and uncomplicated and does not need to kits not capitalized). He said (the projects be as family and domestic form and comprising 60 to 70 percent in its gross domestic product as well as the simplicity of its funding therefore trillion dinars was allocated from the central bank for such projects by private banks). He explained that Antoine (projects will work to create jobs and reduce unemployment and wide and provide hard currency in addition to filling the market with products imported rather than domestic industry). Explaining that he (did not specify the conditions required for the loans but would prefer to rely on the production of the available raw materials at home and which provide Amana the largest as well as the substitute for import as well as the provision of health conditions and environmental requirements and standards initial all serve the national interest in order to rely on domestic production). He pointed out that (guarantees that provide on the one hand due to the need of their presence to ensure the project itself if found to be preferred prices and sessile or without interest and should stay away or absence of impossible conditions which are applied house or piece of land). He said that (there are a few days to launch the loans because the amounts allocated to the present and to meet the committee charged and placed the mechanics for the rest of the regulatory process). He explained that the (loan to the individual who is about 50 million dinars may exceed that amount if he found that the project is profitable and being high up). And student Antoine (loans distributed fairly among economic study based on transparency and far from corruption). ( i )
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– July 15, 2015
The launch of JD 50 million loan for citizens to create a small-scale projects
Baghdad
Central Bank awarded a $ trillion dinars to the private banks to lend to owners of small and medium enterprises, adding that the upper limit for lending of 50 million dinars include all Iraqis without exception, pointing out that the interest rate does not exceed 5 percent. He said economic expert Majid picture of (time) yesterday that the (Bank launched the first of July of this National Fund for lending initiative and the granting of private banks amount trillion dinars to lend to small entrepreneurs and medium-citizens to have a minimum lending does not exceed the amount of 50 million dinars). He added that the (interest charged on the loan for the benefit of the bank amounting to 4 percent and in favor of Bank 7 per thousand and in favor of 8 per thousand and 4.15 Guarantees company per thousand banking services to be almost interest 5 percent the amount as well as the banks are responsible for the people's commitment to the loan and Bank-supported so), He said the picture that (all citizens are covered by the loan conditional availability of the project, whether economically or agriculturally or commercially or Khaddmaa without specifying which assesses the banking committees competent in this regard with the imposition of each bank as it deems appropriate to ensure the loan, whether the sponsor employee or guarantees of real estate or ensure that the project for himself that includes the machinery and technological machines). He pointed out that (repay the loan from private banks to the Bank for identified about 3 years, subject to extension for a full year after studying the request and provide the conditions either pay the citizen of the bank they are almost open and exceed 6 years, subject to extension at the commitment to implement the project), and follow the picture that (project was launched on the first of July of this was for work done specify a non-committed amount of the trillion dinars as the bank if seen high on the loan request could raise the amount and makes the loan term open and make the project self-financing of the premiums received by loans completed projects), and pointed out The banks have committees look at the project and determine the amounts inception submit it directly to the bank for the purpose of the transactions that are through private banks directly).
To that, the economic expert on behalf of Antoine launch small businesses loans to create jobs and reduce unemployment and wide as well as providing the local industry instead of imported products in the market, calling for a fair distribution of loans away from corruption. Said Antoine (time) yesterday that (launch small businesses a boost to the local economy but needs a large working Iyad as well as the funding to be easy and uncomplicated and does not need to kits not capitalized). He said (the projects be as family and domestic form and comprising 60 to 70 percent in its gross domestic product as well as the simplicity of its funding therefore trillion dinars was allocated from the central bank for such projects by private banks). He explained that Antoine (projects will work to create jobs and reduce unemployment and wide and provide hard currency in addition to filling the market with products imported rather than domestic industry). Explaining that he (did not specify the conditions required for the loans but would prefer to rely on the production of the available raw materials at home and which provide Amana the largest as well as the substitute for import as well as the provision of health conditions and environmental requirements and standards initial all serve the national interest in order to rely on domestic production). He pointed out that (guarantees that provide on the one hand due to the need of their presence to ensure the project itself if found to be preferred prices and sessile or without interest and should stay away or absence of impossible conditions which are applied house or piece of land). He said that (there are a few days to launch the loans because the amounts allocated to the present and to meet the committee charged and placed the mechanics for the rest of the regulatory process). He explained that the (loan to the individual who is about 50 million dinars may exceed that amount if he found that the project is profitable and being high up). And student Antoine (loans distributed fairly among economic study based on transparency and far from corruption). ( i )
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