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Industrial Bank: continue to grant loans
On: Sun 11/03/2012 9:18
Baghdad / follow-up long
emphasized the Industrial Bank continue to grant loans for industrialists in spite of the late adoption of the budget in 2012. said Director-General of the Industrial Bank Agency Mohamed Abdel Wahab told the news of Baghdad International: The loans granted by the Industrial Bank of Industrialists are small and amount (five million dinars) and an average of (15 million), automotive production,
Add to the rest of the bank credits the other granted by the bank, which depend on the budget credit and we have no income budget operational allocated by our government. "And added that the late adoption of the budget reduction this moment did not affect the work of our bank in the granting of loans, indicating that the Industrial Bank has a plan lending works under the provision of financial funding to small and medium enterprises, thereby contributing to a port out of the problems experienced by the industrial sector, and investment of funds allocated by the bank in moving the process of production in all industrial projects. "and pointed out that the committees economic in the bank is considering the proposed project and its financing in terms of economic viability, where it is follow-up projects from the beginning to build up to the achievement, and working the bank to reduce interest rates in the event of a disruption in the process of repayment rates ranging from 25 to 50% of the value of the interest. "and that the loans provided by the bank to projects Small and medium represents an important stage, at a time when countries are large industrial rely on such projects in the development of its economy, and today the bank is providing loans of up to (15) million for small projects economically viable, and there are loans for the purchase of equipment, various industrial and origins internationally certified after study project by the Economic Committee in the bank and the owner of the industrial project.
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