The Industrial Bank of Iraq launches two initiatives to grant loans of 20 billion dinars
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
The Industrial Bank of Iraq launches two initiatives to grant loans of 20 billion dinars
The Industrial Bank of Iraq launches two initiatives to grant loans of 20 billion dinars
June 30, 2021

Mubasher: The Industrial Bank of Iraq announced the launch of two initiatives to grant loans, with a ceiling of up to 20 billion dinars as a maximum.
The Director of the Industrial Bank, Bilal Sabah, said in a statement to the bank today, Wednesday, that “the bank has two initiatives within the documentary credits,” noting that “the first initiative relates to the central bank and interest at 3% for a period of 15 years, and three years of grace and production guarantees itself by 80% in addition to 20% A real estate guarantee, as the bank works in it.
He added, "The other initiative is given 250 million in cash, and we hope it will rise to one billion, which is related to projects that need raw materials and do not need to import a production line, and their benefit will decrease according to the new information."
He pointed out that "the bank's own funds are loaned from them, but at an interest rate of 6%, and because there are other loans with an interest rate of 3%, there was no direction for our own funds," explaining that "loans are granted, according to the feasibility study, for more than 150 million, and there must be a feasibility study and upon acceptance." The feasibility study is submitted to the Prime Minister’s office, and when the amount is approved, it will be financed by 80% of the project.”
He continued, "When the approval is issued, it returns to the bank so that the procedures begin, which is to reveal the percentage of achievements and guarantees," noting that "there are approximately 20 factories that were granted loans from the bank."
He stated that "factories need to open credit, and most projects are working and have a high completion rate," noting that "the bank continues to grant loans, and the highest amount that can be granted is 20 billion dinars as a maximum."
https://www.mubasher.info/news/3825368/%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%B7%D9%84%D9%82-%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%AA%D9%8A%D9%86-%D9%84%D9%85%D9%86%D8%AD-%D9%82%D8%B1%D9%88%D8%B6-%D8%A8%D9%8020-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%8A%D9%86%D8%A7%D8%B1/?currentUserCountryCode=US
June 30, 2021

Mubasher: The Industrial Bank of Iraq announced the launch of two initiatives to grant loans, with a ceiling of up to 20 billion dinars as a maximum.
The Director of the Industrial Bank, Bilal Sabah, said in a statement to the bank today, Wednesday, that “the bank has two initiatives within the documentary credits,” noting that “the first initiative relates to the central bank and interest at 3% for a period of 15 years, and three years of grace and production guarantees itself by 80% in addition to 20% A real estate guarantee, as the bank works in it.
He added, "The other initiative is given 250 million in cash, and we hope it will rise to one billion, which is related to projects that need raw materials and do not need to import a production line, and their benefit will decrease according to the new information."
He pointed out that "the bank's own funds are loaned from them, but at an interest rate of 6%, and because there are other loans with an interest rate of 3%, there was no direction for our own funds," explaining that "loans are granted, according to the feasibility study, for more than 150 million, and there must be a feasibility study and upon acceptance." The feasibility study is submitted to the Prime Minister’s office, and when the amount is approved, it will be financed by 80% of the project.”
He continued, "When the approval is issued, it returns to the bank so that the procedures begin, which is to reveal the percentage of achievements and guarantees," noting that "there are approximately 20 factories that were granted loans from the bank."
He stated that "factories need to open credit, and most projects are working and have a high completion rate," noting that "the bank continues to grant loans, and the highest amount that can be granted is 20 billion dinars as a maximum."
https://www.mubasher.info/news/3825368/%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%B7%D9%84%D9%82-%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%AA%D9%8A%D9%86-%D9%84%D9%85%D9%86%D8%AD-%D9%82%D8%B1%D9%88%D8%B6-%D8%A8%D9%8020-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%8A%D9%86%D8%A7%D8%B1/?currentUserCountryCode=US
claud39- VIP NewsHound
- Posts : 18424
Join date : 2018-11-04

» Launch Initiative industrial loans worth 72 billion dinars
» Rafidain Bank announces grant of 15 million dinars to $ 10K new loans "to detail"
» The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives
» The Real Estate Bank grants loans worth 500 billion dinars
» The central bank issues new instructions for loans in excess of one billion dinars
» Rafidain Bank announces grant of 15 million dinars to $ 10K new loans "to detail"
» The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives
» The Real Estate Bank grants loans worth 500 billion dinars
» The central bank issues new instructions for loans in excess of one billion dinars
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
» Guru MarkZ 3/23/23 am
» Guru Okie 3/23/23
» Guru Frank26 3/22/23
» Gurus Frank26 & Firefly 3/23/23
» Guru MountainGoat 3/23/23
» Guru Sandy Ingram 3/23/23
» Guru Judy 3/23/23
» Guru Nader 3/22/23
» Guru Bruce Dingleberry 3/23/23
» Gurus Frank26 & Firefly 3/22/23
» Guru MarkZ 3/22/23 pm
» Guru Okie 3/22/23
» Guru RayRat 3/22/23
» Guru Nader 3/22/23
» Guru Bruce Dingleberry 3/21//23
» Iraq proposes the establishment of the Middle East Bank for Development and Integration
» Have You Ever Wondered How Many Dinar Gurus There Are?
» Introduce myself
» Kurdistan’s Erbil police shut down illegal casino, arrests ‘gambling network’
» Guru Wolverine 3/16/22
» Guru MarkZ 3/15/23 pm
» Guru Sandy Ingram 3/16/23
» Guru Nader 3/16/23
» Guru MilitiaMan 3/16/23
» Guru MountainGoat 3/16/23
» Gurus Frank26 & Firefly 3/16/23
» Guru Judy 3/16/23
» Guru Okie 3/15/23
» Guru Bruce Dingleberry 3/15//23
» Guru MountainGoat 3/14/23
» Predictable Tony: All you want and more
» Guru MarkZ 3/14/23 am
» Guru Okie 3/14/23
» Gurus MarkZ & Militiaman 3/14/23
» Guru Judy 3/14/23
» Guru Wolverine 3/14/22
» Guru Nader 3/14/23
» Guru Frank26 1/13/23
» Ameraq