Home
Baghdad / agencies
revealed Director General Rasheed Bank Kazem Mohammed fistula for the development of mechanisms to finance domestic investment includes lending investor 40% of the value of the project after cashed 60%, stressing the need to amend the Banking Act in accordance with the law of the Iraqi Central Bank current and allowing commercial banks Iraqi large investment surpluses money in economic projects abound.
said General Manager Rasheed Bank Kazem Mohammed fistula according (JD): The bank policy and mechanisms to finance domestic investment is that the bank will lend 40% of the value of the project, provided that the investor regardless 60%.
explained: that All investment licenses required for the investor that is filed with the bank accounted 20_30% of the cost of the project in order to reassure official circles in Iraq, which referred him this opportunity, and deposited this amount proves the possibility of investor finance.
between: that all human investor be of the bank in case of non- completion of the project or not to continue in its implementation, and such rights require a pledge in advance of the investor in the said project which he says he is willing to concede a concession entirely his rights material and moral in this project from a vacation, in addition to the assignment of the funds spent by the whole of the bank funded.
continued fistula that Bank reviewed the policy and found it necessary to support and assigning housing projects collective and large projects such as airports, ports and other projects.
stressed fistula on the need to amend the law on the current investment and allowing commercial banks Iraqi big, like, Rasheed Bank and the Rafidain Bank, Iraq's trade that is available to them under the Banking Act in accordance with Iraqi Central Bank Law to invest surplus funds that have projects in many economic differently on the basis that it investment banks short, medium and long term in order to bridge the gap that can not yet the national economy gain or attract investors.
added fistula among the objectives of the bank is to strengthen sources funding, the more money increases its ability to recruiters including, encourage depositors of individuals and companies through Todaaha services account and disclosure, auditing and application timely and immediate client accounts and provide them with the best prices interest and commissions at the same time the pressure on the monetary authority of Iraq's central bank that allows the Rasheed Bank that expands more in investing surplus of money in the branches of the economy over the border available to him now as the Central Bank and the so-called equation of investment.
increased to plan the bank lending this year exceeded 9 trillion Iraqi dinars, adding that the bank has exceeded the equation large amounts, according to market needs The requirements of the Rasheed Bank to build its capacity as a financial public sector and it should come out of the investment equation developed by the Banking Act and the Central Bank guided by what is happening abroad. And it should be on the central bank to give more room for the public sector banks as long as there is a demand for these funds instead of Aktnazha and put it only in the cupboards for fear of inflation or fear of clouds.
pointed fistula that the bank is seeking through his new strengthened the side administrative and supervisory work banking relationships with the bank with local banks and foreign banks and at the same time the application of international standards in accounting and annual budgets in order to facilitate the observer foreign market knowledge bank in Iraq and the limits that encourage investors, banks and insurance companies to enter into a market reconstruction and development in Iraq.
confirmed that the bank put in his plans for the next fiscal year that will go to finance large projects such as in his pay a large sum to finance part of the project بسماية which is hoped to be completed during the second year of the project thousands of housing units would be delivered to the beneficiaries, noting that he was paid 10% of the value of cost College and cooperation Rafidain Bank and Bank of Iraq trade and $ 800 million.
explained that the bank has also allocated a large part of the capital to build a housing project large in Anbar province, will be completed next year and will allow for the accommodation of many Iraqi families in this province of employees and citizens, as well as do bank lending other projects collectively in Najaf, Hillah, Salahuddin and financing projects DORMITORIES, explaining that the bank will buy these units from investors and sold to citizens and employees are installment amount for 15 years.
revealed fistula that Rasheed Bank plans at the beginning of next year claim the Ministry of Finance intervene with the Council of Ministers in increasing the capital of branches of Islamic current amounts paid from the public treasury certain specific and targeted investment.
said that the bank received a capital increase to 300 billion dinars instead of two and will try with the Ministry of Finance application of this increase in the next year, noting that Bank received many requests in investment projects in Baghdad and the provinces in Kurdistan also for the purpose of financing by the bank and the window Islamic.
said that the bank will open four new branches in the Kurdistan region of Iraq, two branches in the province of Arbil first will of the banking business and the second for Islamic banking and two in the provinces of Sulaimaniyah and Dohuk will work for commercial banking as well as increase the number of branches of Islamic window, is expected to open four branches in each of the provinces of Anbar, Nineveh, Salahuddin and Diyala.
[You must be registered and logged in to see this link.]
revealed Director General Rasheed Bank Kazem Mohammed fistula for the development of mechanisms to finance domestic investment includes lending investor 40% of the value of the project after cashed 60%, stressing the need to amend the Banking Act in accordance with the law of the Iraqi Central Bank current and allowing commercial banks Iraqi large investment surpluses money in economic projects abound.
said General Manager Rasheed Bank Kazem Mohammed fistula according (JD): The bank policy and mechanisms to finance domestic investment is that the bank will lend 40% of the value of the project, provided that the investor regardless 60%.
explained: that All investment licenses required for the investor that is filed with the bank accounted 20_30% of the cost of the project in order to reassure official circles in Iraq, which referred him this opportunity, and deposited this amount proves the possibility of investor finance.
between: that all human investor be of the bank in case of non- completion of the project or not to continue in its implementation, and such rights require a pledge in advance of the investor in the said project which he says he is willing to concede a concession entirely his rights material and moral in this project from a vacation, in addition to the assignment of the funds spent by the whole of the bank funded.
continued fistula that Bank reviewed the policy and found it necessary to support and assigning housing projects collective and large projects such as airports, ports and other projects.
stressed fistula on the need to amend the law on the current investment and allowing commercial banks Iraqi big, like, Rasheed Bank and the Rafidain Bank, Iraq's trade that is available to them under the Banking Act in accordance with Iraqi Central Bank Law to invest surplus funds that have projects in many economic differently on the basis that it investment banks short, medium and long term in order to bridge the gap that can not yet the national economy gain or attract investors.
added fistula among the objectives of the bank is to strengthen sources funding, the more money increases its ability to recruiters including, encourage depositors of individuals and companies through Todaaha services account and disclosure, auditing and application timely and immediate client accounts and provide them with the best prices interest and commissions at the same time the pressure on the monetary authority of Iraq's central bank that allows the Rasheed Bank that expands more in investing surplus of money in the branches of the economy over the border available to him now as the Central Bank and the so-called equation of investment.
increased to plan the bank lending this year exceeded 9 trillion Iraqi dinars, adding that the bank has exceeded the equation large amounts, according to market needs The requirements of the Rasheed Bank to build its capacity as a financial public sector and it should come out of the investment equation developed by the Banking Act and the Central Bank guided by what is happening abroad. And it should be on the central bank to give more room for the public sector banks as long as there is a demand for these funds instead of Aktnazha and put it only in the cupboards for fear of inflation or fear of clouds.
pointed fistula that the bank is seeking through his new strengthened the side administrative and supervisory work banking relationships with the bank with local banks and foreign banks and at the same time the application of international standards in accounting and annual budgets in order to facilitate the observer foreign market knowledge bank in Iraq and the limits that encourage investors, banks and insurance companies to enter into a market reconstruction and development in Iraq.
confirmed that the bank put in his plans for the next fiscal year that will go to finance large projects such as in his pay a large sum to finance part of the project بسماية which is hoped to be completed during the second year of the project thousands of housing units would be delivered to the beneficiaries, noting that he was paid 10% of the value of cost College and cooperation Rafidain Bank and Bank of Iraq trade and $ 800 million.
explained that the bank has also allocated a large part of the capital to build a housing project large in Anbar province, will be completed next year and will allow for the accommodation of many Iraqi families in this province of employees and citizens, as well as do bank lending other projects collectively in Najaf, Hillah, Salahuddin and financing projects DORMITORIES, explaining that the bank will buy these units from investors and sold to citizens and employees are installment amount for 15 years.
revealed fistula that Rasheed Bank plans at the beginning of next year claim the Ministry of Finance intervene with the Council of Ministers in increasing the capital of branches of Islamic current amounts paid from the public treasury certain specific and targeted investment.
said that the bank received a capital increase to 300 billion dinars instead of two and will try with the Ministry of Finance application of this increase in the next year, noting that Bank received many requests in investment projects in Baghdad and the provinces in Kurdistan also for the purpose of financing by the bank and the window Islamic.
said that the bank will open four new branches in the Kurdistan region of Iraq, two branches in the province of Arbil first will of the banking business and the second for Islamic banking and two in the provinces of Sulaimaniyah and Dohuk will work for commercial banking as well as increase the number of branches of Islamic window, is expected to open four branches in each of the provinces of Anbar, Nineveh, Salahuddin and Diyala.
[You must be registered and logged in to see this link.]
