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Banks plans to launch a civil loans worth 50 million dinars to citizens next week
9/8/2015
Baghdad
preparing private banks to release loans to citizens of 50 million dinars next week, according to private banks that indicated the Commonwealth that the benefits of these loans do not exceed 5 percent of the loan amount, which he sees observers financial affairs "revive the economy, it provides liquidity cash, and contributes to the solution part of the problems afflicting with limited income. "
Ali Tariq, Executive Director of the Association of private banks said in a statement to "the world", that private banks "is preparing to launch loans to citizens during the next week, a $ 50 million maximum", explaining that "those loans will be granted the industrial, agricultural and service projects and housing to ensure a civil servant."
He said Tariq "The benefit for the private banks of those loans do not exceed 5 percent of the loan value ratio," according to the instructions laid down by the Central Bank.
did not disclose the Executive Director Association names of those banks, but he stressed that "most of them will begin to provide these loans."
According to official statistics, the number of private banks registered with the Central Bank of Iraq of 32 banks, including eight Muslim, but it is, according to relevant experts did not constitute a record developmentally real to support industry, agriculture or Small and medium enterprises in the country and confined its activities to Asirvih limited operations.
For his part, the President of the Economic Media Centre lion Mohammed, that "classification and function foundation of the domestic banks are granting loans to the public; however, most of them in Iraq gave up on that during the last term," noting it "took advantage of their capital in operations limited Asirvih do not contribute to the developmental role of the country."
According to the comments for "the world", that the weakness of the banking sector overshadowed a negative impact on the private sector in general development, on the grounds that the private banks, "the base engine for the development of economic sectors, mainly ".
Mohammed welcomed the initiative to launch such loans, the requirement to be Voiha acceptable. As he put it.
and economic feasibility President of the Economic Information Center sees it "will contribute to the provision of financial liquidity in the country, and solve some of the economic problems of the citizens being absorbs a large part of unemployment, as well as it will move the Iraqi local productive sectors, not to mention the support of the Iraqi market currency cash. "
The Central Bank of Iraq announced last May 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, noting that the development of measures to to address the lack of liquidity in some banks.
He attributed Mohammed and a number of private banks lagging in its work during the last term, to "non-payment of dues of contractors and clients as a result of the lack of liquidity."
He was an economic advisor to the prime minister, he said earlier that "the Central Bank of Iraq will be distributed loan trillion dinars on private banks estimated fair, under the controls and the ability to manage it "denying" the existence of Marqlat on loan or delay in distribution. "
He said the appearance of Mohammed Saleh said that "the loans will include small and medium enterprises that are active capital and economic course in Iraq," noting that "some of the complaints which may be raised by the private banks, but the central bank Unable to solve them."
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9/8/2015
Baghdad
preparing private banks to release loans to citizens of 50 million dinars next week, according to private banks that indicated the Commonwealth that the benefits of these loans do not exceed 5 percent of the loan amount, which he sees observers financial affairs "revive the economy, it provides liquidity cash, and contributes to the solution part of the problems afflicting with limited income. "
Ali Tariq, Executive Director of the Association of private banks said in a statement to "the world", that private banks "is preparing to launch loans to citizens during the next week, a $ 50 million maximum", explaining that "those loans will be granted the industrial, agricultural and service projects and housing to ensure a civil servant."
He said Tariq "The benefit for the private banks of those loans do not exceed 5 percent of the loan value ratio," according to the instructions laid down by the Central Bank.
did not disclose the Executive Director Association names of those banks, but he stressed that "most of them will begin to provide these loans."
According to official statistics, the number of private banks registered with the Central Bank of Iraq of 32 banks, including eight Muslim, but it is, according to relevant experts did not constitute a record developmentally real to support industry, agriculture or Small and medium enterprises in the country and confined its activities to Asirvih limited operations.
For his part, the President of the Economic Media Centre lion Mohammed, that "classification and function foundation of the domestic banks are granting loans to the public; however, most of them in Iraq gave up on that during the last term," noting it "took advantage of their capital in operations limited Asirvih do not contribute to the developmental role of the country."
According to the comments for "the world", that the weakness of the banking sector overshadowed a negative impact on the private sector in general development, on the grounds that the private banks, "the base engine for the development of economic sectors, mainly ".
Mohammed welcomed the initiative to launch such loans, the requirement to be Voiha acceptable. As he put it.
and economic feasibility President of the Economic Information Center sees it "will contribute to the provision of financial liquidity in the country, and solve some of the economic problems of the citizens being absorbs a large part of unemployment, as well as it will move the Iraqi local productive sectors, not to mention the support of the Iraqi market currency cash. "
The Central Bank of Iraq announced last May 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, noting that the development of measures to to address the lack of liquidity in some banks.
He attributed Mohammed and a number of private banks lagging in its work during the last term, to "non-payment of dues of contractors and clients as a result of the lack of liquidity."
He was an economic advisor to the prime minister, he said earlier that "the Central Bank of Iraq will be distributed loan trillion dinars on private banks estimated fair, under the controls and the ability to manage it "denying" the existence of Marqlat on loan or delay in distribution. "
He said the appearance of Mohammed Saleh said that "the loans will include small and medium enterprises that are active capital and economic course in Iraq," noting that "some of the complaints which may be raised by the private banks, but the central bank Unable to solve them."
[You must be registered and logged in to see this link.]
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