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Industrial Bank: increase the bank's capital to 175 billion dinars after approving the budget
Author: Bian3 on: Saturday 16/03/2013 02:46 pm
Source: Baghdad 2
Baghdad / WAP / Industrial Bank announced increase the bank's capital to 175 billion dinars after approval of the budget in 2013 by the Parliament and 50 Milirzayadh allocation bank's capital.
The general director of the Industrial Bank Mohamed Abdel Wahab Abdel Qader told Baghdad International / WAP / "The bank received through the general budget to the amount of 50 billion dinars to increase the bank's capital to become 175 billion dinars after it was last year 125 billion dinars, and the bank got to increase the bank's capital by 50 billion dinars over the past three years 201,020,112,012. "
and added that "the bank began the process of launching industrial loans of various kinds after they were allocated (33) billion dinars within the plan the bank credit for the current year 2013 of order to initiate support industrial projects by giving them loans and help the advancement of the national industry and 50% of the value of real estate offered as collateral for industrial projects, and that the bank received approval from the Ministry of Finance to reduce interest rates on industrial projects to 9% instead of (10%). "
and noted that " Bank completed during the past year 70% of the plan fiduciary that put did not achieve 100% due to the reluctance of a large number of industrialists from borrowing from the bank because of the availability of goods at lower prices. "
and Abdel Wahab that the bank will this year to exercise the business after a hiatus of more than six years, adding that the bank received approval from the Minister of Finance Ali Shukri re doing business as well as industrial action which will provide banking facilities to businesses benefit amount (10%). "
and explained that "in 2007 the proportion Allka in payment 30% either in 2012 Van percentage Allka in repayment fell by more than half and exactly 10%. "
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