Industrial Bank announces continuance granted loans amounting to citizens [15] million.

Industrial Bank announces continuance granted loans amounting to citizens [15] million.


Sunday, April 5 / April 2014 08:22

[Baghdad - where]
Industrial Bank announced the Ministry of Finance for the continuation of the granting of loans to citizens and adult [15] million dinars.
The general director of the Industrial Bank Mohamed Abdel Wahab said in a statement received by all of Iraq [where] a copy of it today that "the bank granted during the months of January and February last two [554] million loan for the citizens and merchants of Industrialists and through bank branches scattered in Baghdad."
"The total amount of these loans amounted to [18] billion [849] million dinars."
He noted that "the bank continuously granting loans to all segments covered by grants according to the mechanics and controls established by taking into account the bank thus reducing red tape during the course of treatment stages through the branches of the bank and down to the public administration". Ended

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He noted that "the bank continuously granting loans to all segments covered by grants according to the mechanics and controls established by taking into account the bank thus reducing red tape during the course of treatment stages through the branches of the bank and down to the public administration".

Iraq had been very low on the list on ease of acquiring credit so we can see here improvement measures. The wheels of finance must start to move at the street level and its good to see continued proof of this happening in recent articles like this.

Thanks Tom