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75 million dinars loan Rafidain housing for citizens and employees

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 75 million dinars loan Rafidain housing for citizens and employees Empty 75 million dinars loan Rafidain housing for citizens and employees

Post by claud39 Sat Dec 08, 2018 7:09 am

http://economy-news.net/content.php?id=14659


 75 million dinars loan Rafidain housing for citizens and employees


12/08/2018





 75 million dinars loan Rafidain housing for citizens and employees 6699





Economy News Baghdad

Rafidain Bank announced on Saturday a loan of 75 million dinars for citizens and employees to buy residential units in investment projects.
The Bank's Information Office said in a statement received by Al-Iktissad News that "as part of the Bank's policy aimed at supporting employees and citizens and to contribute to alleviate the housing crisis and encourage the marketing of housing units in investment projects, it was decided to grant a loan of 75 million dinars, In the newly implemented investment projects in all governorates of Iraq according to geographical area.
The statement added that "this requires that the completion rate of the unit qualifies it to provide its mortgage to guarantee the loan and the name of the borrower exclusively," noting that "a citizen wishing to buy a residential unit of residential complexes that have been completed and rehabilitated by several companies in Baghdad and the provinces, The bank with the housing apartment until a loan of 75 million dinars. "
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Post by najamsoc Tue Nov 22, 2022 11:21 am

I don’t remember it happening, even though I was doing business in Baghdad back then. Did this loan influence the market a lot?
Kuwait is one of the best countries for doing business I’ve been to, honestly. The government does a lot for the local people and the businessmen. They really take good advantage of the oil they have there. Thanks to Mortgage Advice Bristol, I raised some good money there and then invested them in a company in the UK. I took a lot of risks back then, investing in a small oil company in Kuwait, but it did pay off in full.

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Post by Mission1st Thu Nov 24, 2022 7:44 pm

Im not great at math, but 75,000,000 divided by 1459(ish) is 51,000 US dollars. 
Im not great at banking either but that is not going to build much housing

Am I making a mistake somewhere??
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