Home
Central Bank of Iraq is required to publish banks loan data in order to achieve transparency
September 11th, 2015
Select five regulators to ensure the integrity
of Baghdad morning's New:
decided the Iraqi Central Bank, on Friday, obliging banks to publish data on all financial loans, attributing the cause to their importance in achieving transparency and control.
The governor of the Central Bank on the Keywords in a statement received "New Morning "," The central bank has committed all banks to publish data on all loans granted by you-go ".
He added Keywords, that" it comes in order to achieve transparency and community control.
"She called the religious authority, on Friday (11 September 2015), to follow-up the amount of five trillion dinars which Akarztha government and the Central Bank recently, stressing the need for a "strict measures" in the disbursement of these funds to the agricultural and industrial banks and housing fund.
"The Central Bank of Iraq announced on Monday (September 7, 2015), to start the launch of the largest funding for programs in Iraq, the lending process, indicating that they belong to finance industrial and agricultural sectors and housing also supports small and medium enterprises and revitalizing the Iraqi economy.
He also announced the Central Bank of Iraq, that there are five actors assume control over the grant to ensure the integrity of the lending bank loans, and on the back of a call reference religious imposition of measures "strict" on exchange five trillion dinars amount for the development of agriculture, industry and housing sectors.
The governor of the Central Bank on the Keywords in a brief statement received Alsumaria News, a copy of it, "There are five actors assume control over the granting of bank loans."
He added Keywords, that "this procedure comes from in order to ensure integrity and transparency of lending.
"She called the religious authority, on Friday (11 September 2015), to follow-up the amount of five trillion dinars which Akarztha government and the Central Bank recently, stressing the need for a" strict measures "in the disbursement of these funds to the agricultural and industrial banks and housing fund.
The Iraqi Central Bank announced on Monday (September 7, 2015), from the start the launch of the largest funding for programs in Iraq, the lending process, noting that it concerns the financing of industrial and agricultural sectors and housing also supports small and medium enterprises and revitalizing the Iraqi economy.
The Office of the Prime Minister Haider al-Abadi announced earlier Help granting lending in the industrial, agricultural and housing within the area of government reforms adopted by Abadi package and voted on by the Iraqi Council of Representatives last month.
According to a statement issued by the office that those loans will be granted in accordance with the instructions issued by the Central Bank and other banks. Here are some of these instructions.
Industrial, agricultural and housing lending mechanism:
(CBI loan program for the year 2015)
First: General Conditions:
1. Be granted a loan from the central bank for each specialist Bank (agricultural, industrial, real estate, and housing fund) for a period of five years, including a grace period for a period of 6 months, extendable to five years with the approval of the Central Bank at the request of the bank borrower or the Fund.
2. The amounts distributed to banks and housing fund on according to the following percentages.
"33% - industrial bank.
33% - agricultural bank.
17% - mortgage bank.
17% - Housing Fund.
3 banks ask the Central Bank of Iraq converter allocated to them amounts in the form of payments as needed.
4 opens a checking account for each bank by the Iraqi Central Bank this special loan under the name of (the central bank loan account) under a contract with the Central Bank and Ministry of Finance to ensure the banks mentioned Fund.
Abadi confirms: misuse of powers is not our approach
and Abbadi said that "continuous reforms and there are other packages reform," pointing out that "these reforms are not against one," stressing the need "not to bring the citizen political conflicts because the citizen of his priorities to provide security and essential services and needs for a living.
"" The misuse of powers is not our approach, "stressing that" the administrator must be for all Iraqis.
"The commander of the Salah al-Din operations Brigadier General Juma stubbornness confirmed in (August 9, 2015) the stability of the security situation across the province, with He said Defense Minister Khalid Abdi in (September 1, 2015) that there is "a major victory in sight," pointing out that the resolution of the Battle of Baiji east of Tikrit is near.
[You must be registered and logged in to see this link.]
September 11th, 2015
Select five regulators to ensure the integrity
of Baghdad morning's New:
decided the Iraqi Central Bank, on Friday, obliging banks to publish data on all financial loans, attributing the cause to their importance in achieving transparency and control.
The governor of the Central Bank on the Keywords in a statement received "New Morning "," The central bank has committed all banks to publish data on all loans granted by you-go ".
He added Keywords, that" it comes in order to achieve transparency and community control.
"She called the religious authority, on Friday (11 September 2015), to follow-up the amount of five trillion dinars which Akarztha government and the Central Bank recently, stressing the need for a "strict measures" in the disbursement of these funds to the agricultural and industrial banks and housing fund.
"The Central Bank of Iraq announced on Monday (September 7, 2015), to start the launch of the largest funding for programs in Iraq, the lending process, indicating that they belong to finance industrial and agricultural sectors and housing also supports small and medium enterprises and revitalizing the Iraqi economy.
He also announced the Central Bank of Iraq, that there are five actors assume control over the grant to ensure the integrity of the lending bank loans, and on the back of a call reference religious imposition of measures "strict" on exchange five trillion dinars amount for the development of agriculture, industry and housing sectors.
The governor of the Central Bank on the Keywords in a brief statement received Alsumaria News, a copy of it, "There are five actors assume control over the granting of bank loans."
He added Keywords, that "this procedure comes from in order to ensure integrity and transparency of lending.
"She called the religious authority, on Friday (11 September 2015), to follow-up the amount of five trillion dinars which Akarztha government and the Central Bank recently, stressing the need for a" strict measures "in the disbursement of these funds to the agricultural and industrial banks and housing fund.
The Iraqi Central Bank announced on Monday (September 7, 2015), from the start the launch of the largest funding for programs in Iraq, the lending process, noting that it concerns the financing of industrial and agricultural sectors and housing also supports small and medium enterprises and revitalizing the Iraqi economy.
The Office of the Prime Minister Haider al-Abadi announced earlier Help granting lending in the industrial, agricultural and housing within the area of government reforms adopted by Abadi package and voted on by the Iraqi Council of Representatives last month.
According to a statement issued by the office that those loans will be granted in accordance with the instructions issued by the Central Bank and other banks. Here are some of these instructions.
Industrial, agricultural and housing lending mechanism:
(CBI loan program for the year 2015)
First: General Conditions:
1. Be granted a loan from the central bank for each specialist Bank (agricultural, industrial, real estate, and housing fund) for a period of five years, including a grace period for a period of 6 months, extendable to five years with the approval of the Central Bank at the request of the bank borrower or the Fund.
2. The amounts distributed to banks and housing fund on according to the following percentages.
"33% - industrial bank.
33% - agricultural bank.
17% - mortgage bank.
17% - Housing Fund.
3 banks ask the Central Bank of Iraq converter allocated to them amounts in the form of payments as needed.
4 opens a checking account for each bank by the Iraqi Central Bank this special loan under the name of (the central bank loan account) under a contract with the Central Bank and Ministry of Finance to ensure the banks mentioned Fund.
Abadi confirms: misuse of powers is not our approach
and Abbadi said that "continuous reforms and there are other packages reform," pointing out that "these reforms are not against one," stressing the need "not to bring the citizen political conflicts because the citizen of his priorities to provide security and essential services and needs for a living.
"" The misuse of powers is not our approach, "stressing that" the administrator must be for all Iraqis.
"The commander of the Salah al-Din operations Brigadier General Juma stubbornness confirmed in (August 9, 2015) the stability of the security situation across the province, with He said Defense Minister Khalid Abdi in (September 1, 2015) that there is "a major victory in sight," pointing out that the resolution of the Battle of Baiji east of Tikrit is near.
[You must be registered and logged in to see this link.]
