The Central Bank raises the ceiling of loans to small and medium enterprises to one billion dinars

by **claud39** Mon Jul 08, 2019 7:02 am

The Central Bank raises the ceiling of loans to small and medium enterprises to one billion dinars

08/07/2019

Economy News - Baghdad

The Central Bank of Iraq, on Monday, raising the ceiling of loans for small and medium enterprises to one billion dinars, indicating that the loan term of up to 5 years can be extended to 7 years.

The bank said in a statement read by "Economy News", that "to enhance the successes achieved by one trillion dinars, and in order to absorb more investment projects, the Central Bank of Iraq announces raising the ceiling of loans granted to finance small and medium enterprises, within this initiative, (Billion dinars), "stressing that" these loans will include all sectors except the housing sector, giving more space for the industrial and agricultural sectors. "

"The Bank has issued a set of controls on this lending, in which it confirmed the possibility that each bank will submit projects worth up to 5 billion Iraqi dinars, in one go, depending on the form sent for each project, and that the bank will audit the projects that will be funded after 6 months from the date of replenishment of the bank account to a maximum, without allowing the extension of the period.

"The loan period of up to 5 years can be extended to 7 years, in the event that the bank requested the lender."

http://economy-news.net/content.php?id=17180

by **claud39** Mon Jul 08, 2019 7:04 am

The Central Bank raises the ceiling of loans to small and medium enterprises to one billion dinars

July 08, 2019

The Central Bank raises the ceiling of loans to small and medium enterprises to one billion dinars News-156258101724148

To enhance the successes achieved by the one trillion dinars initiative, and in order to absorb more investment projects, the Central Bank of Iraq announces the raising of the ceiling of loans granted to finance small and medium enterprises, within this initiative, to (billion dinars), stressing that these loans will cover all sectors except The housing sector, giving more space to the industrial and agricultural sectors .

The Central Bank issued a set of controls on this lending, in which it stressed the possibility of each bank to submit projects worth up to 5 billion Iraqi dinars, in one go, depending on the form sent for each project, and that the bank will audit projects that will be funded after 6 months From the date of feeding the bank account to a maximum, without allowing the extension of the period .

The Central Bank shows that the term of the loan is up to 5 years and can be extended to 7 years, in case the bank asks the lender.

Central Bank of Iraq

information Office

8 July 2019

» Click here to view the controls

https://cbi.iq/static/uploads/up/file-15625806997517.pdf

https://cbi.iq/news/view/1182