Latest topics
Central Bank of «Economy News»: the establishment of a joint fund with a capital of 500 billion dinars
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Central Bank of «Economy News»: the establishment of a joint fund with a capital of 500 billion dinars
Central Bank of «Economy News»: the establishment of a joint fund with a capital of 500 billion dinars
Advisor to the Governor of the Central Bank Walid Eidi «Economy News»
17/12/2017
Economy News Baghdad:
Said the adviser to the Governor of the Central Bank of Iraq, said the Central Bank established the joint lending fund with a capital of 500 billion dinars to finance projects that develop infrastructure.
Iraq has about 70 banks licensed by the Central Bank with a capital of more than 11.7 trillion dinars.
Walid Eidi said in an interview with "Economy News" that "the Banking Law allows the bank to grant a loan of 10% of the capital as a result of the challenges facing the economy because of the security situation and weak guarantees provided."
He pointed out that the Central Bank decided to establish a mutual fund with a capital of 500 billion dinars can be increased and with the mandatory participation of all commercial banks, explaining that each bank will contribute to the capital of the Fund by 4 billion dinars.
The banks operating in Iraq, government and private loans more than 37 trillion dinars, according to data issued by the Association of Iraqi private banks.
The adviser to the Governor of the Central Bank that the loans to be granted by the Lending Fund related to the development of infrastructure such as the establishment of hotels and hospitals and funding projects lagging government and the construction of schools and others.
He stressed that the interest to be taken by the Lending Fund is very little compared to the market interest because the risk ratio is not large because there is more than one loan track.
http://economy-news.net/content.php?id=10200
Advisor to the Governor of the Central Bank Walid Eidi «Economy News»
17/12/2017
Economy News Baghdad:
Said the adviser to the Governor of the Central Bank of Iraq, said the Central Bank established the joint lending fund with a capital of 500 billion dinars to finance projects that develop infrastructure.
Iraq has about 70 banks licensed by the Central Bank with a capital of more than 11.7 trillion dinars.
Walid Eidi said in an interview with "Economy News" that "the Banking Law allows the bank to grant a loan of 10% of the capital as a result of the challenges facing the economy because of the security situation and weak guarantees provided."
He pointed out that the Central Bank decided to establish a mutual fund with a capital of 500 billion dinars can be increased and with the mandatory participation of all commercial banks, explaining that each bank will contribute to the capital of the Fund by 4 billion dinars.
The banks operating in Iraq, government and private loans more than 37 trillion dinars, according to data issued by the Association of Iraqi private banks.
The adviser to the Governor of the Central Bank that the loans to be granted by the Lending Fund related to the development of infrastructure such as the establishment of hotels and hospitals and funding projects lagging government and the construction of schools and others.
He stressed that the interest to be taken by the Lending Fund is very little compared to the market interest because the risk ratio is not large because there is more than one loan track.
http://economy-news.net/content.php?id=10200
*****************
>>>TNTBS's YouTube Channel<<<
RamblerNash- GURU HUNTER
- Posts : 24269
Join date : 2015-02-19
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sun Mar 10, 2024 5:58 am by RamblerNash
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash
» Frat President Charged With Stealing $267K to Buy Worthless Iraqi Dinars
Wed Jan 17, 2024 5:05 pm by RamblerNash
» Fact Check: NO Record 'Quantum Financial System' Exists Beyond Claims In Videos, Online Articles
Mon Jan 15, 2024 6:15 pm by RamblerNash