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President of the Association of Iraqi banks: lending to projects reducing the 30 percent unemployment
الثلاثاء 21 يوليو 2015 | 10:12 صباحا
BAGHDAD / ... The head of the Iraqi private banks association meek Nuri al-Handal, Tuesday, to set strategy and promising to build a banking sector that contributes to the development of the productive and service sectors through the provision of banking products in line with the current stage requirements, stressing the need to address the errors and mistakes that accompanied the march sector in ways that help to draw a new path for the banking performance takes into account the magnitude of the challenges currently facing. "
He said Handal said in a statement reported for "Eye Iraq News", the national project last on lending to small and medium enterprises through private banks and the size of $ 800 million to launch, is expected to reduce the 30% unemployment, which requires the identification of projects that you need the Iraqi market type and the possibility to maximize its contribution to the financial resources and the expansion of the volume of employment opportunities in light of the consequences of the decline and its impact on the state budget in world oil prices. "
He said Handal, "said National Finance Fund project is linked to the national strategy to develop and nurture the private sector, which include diversification of income sources and create an attractive investment environment for the private sector, noting that" the relevant authorities completed the identification release mechanism loans for projects covered by to take over the banks of the receipt of applications to start lending very soon. "
He said Handal, "the success of the Iraqi Association of private banks in the activation of the relationship and cementing between the sector of the Iraqi Central Bank, which took it upon himself to support the activity of banks to serve the goals of development, pointing to the existence of supportive measures to help private banks that suffer from declining performance and scarcity of liquidity for their advancement again after repair work path ".
Meanwhile promised Handal shareholders in Bank of the UNESCO, who heads the board of directors "to continue to apply the investment and banking policy of balanced within the current exceptional circumstances that are based on the application of conservative policy toward risk and maintain good liquidity levels despite the impact on the profitability of the bank" .anthy 1
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الثلاثاء 21 يوليو 2015 | 10:12 صباحا
BAGHDAD / ... The head of the Iraqi private banks association meek Nuri al-Handal, Tuesday, to set strategy and promising to build a banking sector that contributes to the development of the productive and service sectors through the provision of banking products in line with the current stage requirements, stressing the need to address the errors and mistakes that accompanied the march sector in ways that help to draw a new path for the banking performance takes into account the magnitude of the challenges currently facing. "
He said Handal said in a statement reported for "Eye Iraq News", the national project last on lending to small and medium enterprises through private banks and the size of $ 800 million to launch, is expected to reduce the 30% unemployment, which requires the identification of projects that you need the Iraqi market type and the possibility to maximize its contribution to the financial resources and the expansion of the volume of employment opportunities in light of the consequences of the decline and its impact on the state budget in world oil prices. "
He said Handal, "said National Finance Fund project is linked to the national strategy to develop and nurture the private sector, which include diversification of income sources and create an attractive investment environment for the private sector, noting that" the relevant authorities completed the identification release mechanism loans for projects covered by to take over the banks of the receipt of applications to start lending very soon. "
He said Handal, "the success of the Iraqi Association of private banks in the activation of the relationship and cementing between the sector of the Iraqi Central Bank, which took it upon himself to support the activity of banks to serve the goals of development, pointing to the existence of supportive measures to help private banks that suffer from declining performance and scarcity of liquidity for their advancement again after repair work path ".
Meanwhile promised Handal shareholders in Bank of the UNESCO, who heads the board of directors "to continue to apply the investment and banking policy of balanced within the current exceptional circumstances that are based on the application of conservative policy toward risk and maintain good liquidity levels despite the impact on the profitability of the bank" .anthy 1
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