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Central Bank on the "one trillion" initiative: has been disbursed 73 billion dinars so far

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Central Bank on the "one trillion" initiative: has been disbursed 73 billion dinars so far

Post by claud39 on Sun Jan 13, 2019 8:33 am


Central Bank on the "one trillion" initiative: has been disbursed 73 billion dinars so far


The Central Bank of Iraq, on Sunday, the details of the initiative, "one trillion dinars" to finance small and medium-sized projects, noting that only 73 billion dinars have been disbursed since the year 2015 until last year.

The bank said in a statement received "Al-Gharab Press" a copy of it, "The Central Bank gave banks participating in the initiative (one trillion dinars) more than 33 billion dinars during the year 2018, to lend citizens wishing to establish new projects." 

He explained that "the total amounts given to banks since the start of the initiative to finance small and medium enterprises in the year 2015 to 31/12/2018 amounted to more than 73 billion dinars, these projects were distributed across the various sectors, and 59% for the commercial sector, 25% for services, and 12% And 4% for the agricultural sector. " 

"The initiative includes 34 banks, including one government bank and the rest are eligible, and the amounts of lending for these projects between five million dinars to 50 million dinars and could reach 100 million dinars after the approval of the Central Bank."

The bank pointed out that "all Iraqis are entitled to apply to the initiative of financing small and medium-sized projects through the website of the initiative provided the legal age of the borrower, especially that the benefits of loans are supported and facilitated procedures."

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