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Central Bank denies cancellation of real estate collateral in the granting of loans
2015/10/25 11:31
Tomorrow Press / Baghdad denied the Iraqi Central Bank, on Sunday, Cancel real estate collateral in the granting of loans, pointing out that a website will be launched to identify the instructions and pull form. A source within the bank, who asked not to be named, for "tomorrow's Press," The "Iraqi Central Bank may grant loans to the sector banks (industrial, agricultural, real estate) and also the housing fund in the amount of five trillion dinars, as well as giving trillion dinars to the private banks, according to the mechanics of specific terms and conditions, including must provide a guarantor for small and medium loans, either large loans must availability of real estate collateral her. "The source pointed out that" in order to control those amounts and not wasting them and missed, he decided the existence of such guarantees, nor the health to cancel it because it would open the door to corrupt manipulation that money and go interest and the purpose of the launch. "" The coming days will witness the launch of a website in cooperation with relevant bodies, including the General Secretariat of the Council of Ministers for the definition of these loans and how they used them as well as the possibility of obtaining loans on the introduction of the form. "
The news was reported by some media and social networking sites on the abolition of real estate collateral in the granting of loans by the banks.
The government decided to launch the industrial and agricultural real estate loans and loans to citizens to encourage local product and the elimination of part of the unemployment.
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2015/10/25 11:31
Tomorrow Press / Baghdad denied the Iraqi Central Bank, on Sunday, Cancel real estate collateral in the granting of loans, pointing out that a website will be launched to identify the instructions and pull form. A source within the bank, who asked not to be named, for "tomorrow's Press," The "Iraqi Central Bank may grant loans to the sector banks (industrial, agricultural, real estate) and also the housing fund in the amount of five trillion dinars, as well as giving trillion dinars to the private banks, according to the mechanics of specific terms and conditions, including must provide a guarantor for small and medium loans, either large loans must availability of real estate collateral her. "The source pointed out that" in order to control those amounts and not wasting them and missed, he decided the existence of such guarantees, nor the health to cancel it because it would open the door to corrupt manipulation that money and go interest and the purpose of the launch. "" The coming days will witness the launch of a website in cooperation with relevant bodies, including the General Secretariat of the Council of Ministers for the definition of these loans and how they used them as well as the possibility of obtaining loans on the introduction of the form. "
The news was reported by some media and social networking sites on the abolition of real estate collateral in the granting of loans by the banks.
The government decided to launch the industrial and agricultural real estate loans and loans to citizens to encourage local product and the elimination of part of the unemployment.
[You must be registered and logged in to see this link.]
