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Iraqi bank lowers the interest rate on loans
On: Sat 07/01/2012 19:50
BAGHDAD - A citizen
Bank of Iraq said that the volume of trade credits and loans granted by the bank for the public and private, over the past year, reaching about one billion three hundred million dollars, while exceeding the size of local currency credits granted 200 billion Iraqi dinars. The Director explained the bank Hamdiya dry, that the funds granted were divided between the industrial projects of small and medium-sized enterprises, as well as investment projects, noting that the bank seeks to increase the size of these funds during the year 2012.
They pointed out that the dry-Trade Bank of Iraq decided to cut the interest rate on loans granted for up to 10% of the Iraqi dinar, and 8% for the dollar, noting that this procedure would help to encourage investment in Iraq.
Denying the existence of any complications in the process of giving loans to businessmen and the private sector, stressing that the bank checks only in the feasibility of projects to be implemented by giving the guarantee or loan. Dry and confirmed in an interview (Free Iraq) that the Trade Bank of Iraq was able to recover about half of that debt, while the agreement was reached with the rest of the convicts to settle their debts and could not do so was referred to the judiciary.
Prime Minister Nuri al-Maliki fired the mid-last year, Director of the Trade Bank of the former Hussein Uzri, who fled outside Iraq after it issued an arrest warrant against the backdrop of committing financial irregularities relating to the granting of bank guarantees, loans, amounting to about one billion dollars without taking into account the provision of adequate safeguards .
The Trade Bank of Iraq belongs to the Iraqi government was established in 2003 for the purpose of facilitating, and to facilitate foreign trade, and the reconstruction of Iraq after the United Nations oil for food and medicine.
The bank during the short period of time developed a rapid and significant and tangible, and became effective banking institution by building a network of relationships with the best 134 banks in the world.[You must be registered and logged in to see this link.]
On: Sat 07/01/2012 19:50
BAGHDAD - A citizen
Bank of Iraq said that the volume of trade credits and loans granted by the bank for the public and private, over the past year, reaching about one billion three hundred million dollars, while exceeding the size of local currency credits granted 200 billion Iraqi dinars. The Director explained the bank Hamdiya dry, that the funds granted were divided between the industrial projects of small and medium-sized enterprises, as well as investment projects, noting that the bank seeks to increase the size of these funds during the year 2012.
They pointed out that the dry-Trade Bank of Iraq decided to cut the interest rate on loans granted for up to 10% of the Iraqi dinar, and 8% for the dollar, noting that this procedure would help to encourage investment in Iraq.
Denying the existence of any complications in the process of giving loans to businessmen and the private sector, stressing that the bank checks only in the feasibility of projects to be implemented by giving the guarantee or loan. Dry and confirmed in an interview (Free Iraq) that the Trade Bank of Iraq was able to recover about half of that debt, while the agreement was reached with the rest of the convicts to settle their debts and could not do so was referred to the judiciary.
Prime Minister Nuri al-Maliki fired the mid-last year, Director of the Trade Bank of the former Hussein Uzri, who fled outside Iraq after it issued an arrest warrant against the backdrop of committing financial irregularities relating to the granting of bank guarantees, loans, amounting to about one billion dollars without taking into account the provision of adequate safeguards .
The Trade Bank of Iraq belongs to the Iraqi government was established in 2003 for the purpose of facilitating, and to facilitate foreign trade, and the reconstruction of Iraq after the United Nations oil for food and medicine.
The bank during the short period of time developed a rapid and significant and tangible, and became effective banking institution by building a network of relationships with the best 134 banks in the world.[You must be registered and logged in to see this link.]
