The document .. Approved to simplify the lending procedures for the initiative of the Central Bank

Translation of the official documents illustrated above ....

 

To the Iraqi Bank of medium and zero loan The approval of the Prime Minister has obtained the recommendations of the advisers of our office contained in the letter of the Commission No. (A / 1359) of 16/10/2019 to simplify the loans procedures for the initiative of the bank E allocate your bank Under the supervision of the Central Bank of Iraq, lend investors and businessmen to new projects of small and medium size, as well as the reoperation and the rehabilitation of blocked projects and factories requiring the opening of external markets. or internal credits and the adoption of the following loan areas:. 80% of the project is financed. 

2. The repayment period of the loan is ten (10) years, the deferred amortization being severe only for the first and second years, from the opening of the credit and in the absence of the same credit. with an annual interest not exceeding 3%. 3. The project should be a guarantee of 75% of its value. Be aware of any fees other than the standard opening fee. 5. Adoption of the payment mechanism for taxation contained in your book number. EID 4238 of 13/10/2019

 
Approval of the loan repayment mechanism contained in your book number 4238 on 13/10/2019, and folded as follows: Pay the amounts of machinery, equipment and furniture that he wishes to purchase directly to the supplier in accordance with the improved invoices. Purchase or open documentary credits as part of the loan payment. Project infrastructure in accordance with the project completion rates and the signing of a contract and bill of exchange corresponding to the loan amount plus 30% of the loan amount. 

I have Egypt P-Iraqi Trade (Al-Rasheed Bank, Al-Rafidain Bank, Bank of Iraq, Credit Teams, Bank Audi and Personal Guarantee in Banking Mode.) Opening of Borrower's Account. Participating in the project Stay informed and do what is necessary to support businessmen and investors, manage small and medium-sized businesses, provide more job opportunities for young people and inform us.

Seconds of the Council - Committee on Finance - House of Representatives - Committee on Economic Affairs and Investments - Intention Committee - Committee on Agriculture, Water and Amwara - Intention Council - Committee on Reconstruction and Services Ministry of Finance - The cabinet of the Minister strayed by the flag.

 . Ministry of Construction and Housing - Minister's Office Department of Planning - Minister's Office Department of Agriculture - Minister's Office Department of Industry and Minerals - Office of the Minister Office of Financial Supervision - Office of the Chief of the Department of Central Bank of Iraq - Office of the Governor to your image information and conduct the necessary, with the advisers What concerns you Adam, with appreciation General Secretariat of the Council of Ministers Department of Cabinet Affairs and its committees How many figures represent paralysis. (C / 17576) May 31, 2017, for his kindness and gratitude.

 An article office advisors to the Prime Minister / for kindness. . Thank you, the Industrial Bank has approved the Prime Minister to take back your bank to Support small projects through the manufacturer: - a. Open internal credits. 

2. On the operational amount of Frum Salt not exceeding the amount (250 million dinars), two hundred and fifty million Iraqi dinars, according to the estimate of the director of the Fund - Agricultural Cooperative Bank for your kind information, with gratitude. General Directorate of Industrial Development for kindness. . 

Sincerely, the Federation of Iraqi Industries to standardize science. . 

Sincerely, civil society organizations related to retail, with appreciation - Monitoring Department




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