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Real Estate: No increase in the value of loans
Since 2 hours 29 minutes
Agency of Dhi Qar, the news /
Said the Land Bank to keep the value of loans granted for the purpose of building the homes of 30 million, due to the inclusion of a capital increase within the budget year.
The General Director of the bank Hussein Ahmed Al-Tamimi, the "morning", said the Land Bank had been requested from the Ministry of Finance last year to increase its capital from 50 billion to 200 billion dinars, including permitting the lifting of the loan amount for the purposes of the construction of 30 to 60 million dinars, which was scheduled for applied from the beginning of the year that is paid in two installments. He pointed out that the information received to the bank from the Ministry confirms that the budget this year did not include any increase in the capital of the bank, noting that it came in the light of rationalization, which included all ministries after the re-drafting of the budget At the request of the World Bank. The director of the bank that the loan amount will remain 30 million dinars, indicating that an increase in the value of any loan will not be able to manage the bank to expand the number of beneficiaries and recycling of the recovered funds.
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Since 2 hours 29 minutes
Agency of Dhi Qar, the news /
Said the Land Bank to keep the value of loans granted for the purpose of building the homes of 30 million, due to the inclusion of a capital increase within the budget year.
The General Director of the bank Hussein Ahmed Al-Tamimi, the "morning", said the Land Bank had been requested from the Ministry of Finance last year to increase its capital from 50 billion to 200 billion dinars, including permitting the lifting of the loan amount for the purposes of the construction of 30 to 60 million dinars, which was scheduled for applied from the beginning of the year that is paid in two installments. He pointed out that the information received to the bank from the Ministry confirms that the budget this year did not include any increase in the capital of the bank, noting that it came in the light of rationalization, which included all ministries after the re-drafting of the budget At the request of the World Bank. The director of the bank that the loan amount will remain 30 million dinars, indicating that an increase in the value of any loan will not be able to manage the bank to expand the number of beneficiaries and recycling of the recovered funds.
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