Assurances of the need to consider the mechanism of loans
05/06/2012 0:00
BAGHDAD - Al Sabah
criticized the banking expert as beautiful, the way the work of Iraqi banks in granting loans and advances for the citizens, noting that it complicated procedures that do not serve the economic process in the country., said Jamil: The method used in banks Iraqi government and private operations of the granting of loans and advances for the citizens do not serve the economic process in the country being more than the interest rate and demand guarantees high no citizen can be achieved. He added, there must be facilities by Iraqi banks in dealing with citizens in order to serve the country, because the loans will be either industrial any to open small businesses or real estate to build units residential or agricultural for the advancement of the agricultural sector, and said should reduce the interest rate payable on loans and to facilitate the procedures of the operations of its launch.
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