Hamdiya dry: we will give great facilities to program the central bank loans, and lower oil prices raises concern

Hamdiya dry: we will give great facilities to program the central bank loans, and lower oil prices raises concern




August 22, 2015




President of Iraq Bank for Trade Hamdiya dry announced that the great facilities be provided by the bank to the beneficiaries of the Iraqi Central Bank for loans the five, trillion dinars, specifically agricultural and industrial, through the opening credits them for the purpose of import of equipment they need in their own investment projects the loan provided that the reduced commission rate to 50 % and that is open to rely according to Laws and the mechanisms in place until the process is going transparently not raised around suspicions.

But with regard to loans real estate, said dry "This is not income of the Bank of Commerce him, but to deal with directly between the citizen and the lender because it is the building of housing and does not require the opening credits . "

Dry and financial position of the Bank of Iraq to trade under the current circumstances, said "the bank in excellent condition and maintains his international stature and is one of the most important banks in the region and the world, but he influenced down the investment budget of the state that caused a decrease the size of the appropriations by the state institutions of the size, but the the private sector level is still working at the same level and continuing to provide the best banking services. "

Dry revealed concern about the sharp decline in oil prices, Iraq is one of the most oil economies affected by this matter.

The dry "employees' salaries may be locked and some other fixed costs, and it does not end so, but there are many things that will disrupt its relationship to development and the development of the economy and the continuation of its lifetime, and here the problem the fact that Iraq relies 95% on oil imports, and it's time to find alternatives for financing and otherwise the Alarmh would be embarrassing. "


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President of Iraq Bank for Trade Hamdiya dry announced that the great facilities be provided by the bank to the beneficiaries of the Iraqi Central Bank for loans the five, trillion dinars, specifically agricultural and industrial, through the opening credits them for the purpose of import of equipment they need in their own investment projects the loan provided that the reduced commission rate to 50 % and that is open to rely according to Laws and the mechanisms in place until the process is going transparently not raised around suspicions.



. "

Dry and financial position of the Bank of Iraq to trade under the current circumstances, said "the bank in excellent condition and maintains his international stature and is one of the most important banks in the region and the world, but he influenced down the investment budget of the state that caused a decrease the size of the appropriations by the state institutions of the size, but the the private sector level is still working at the same level and continuing to provide the best banking services. "





and here the problem the fact that Iraq relies 95% on oil imports, and it's time to find alternatives for financing and otherwise the Alarmh would be embarrassing. "