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Association of Private Banks: Private banks will issue loans to all Iraqis to purchase housing units  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Association of Private Banks: Private banks will issue loans to all Iraqis to purchase housing units

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Association of Private Banks: Private banks will issue loans to all Iraqis to purchase housing units  Empty Association of Private Banks: Private banks will issue loans to all Iraqis to purchase housing units

Post by claud39 on Sun Mar 01, 2020 8:54 am

Association of Private Banks: Private banks will issue loans to all Iraqis to purchase housing units 


01/03/2020



Association of Private Banks: Private banks will issue loans to all Iraqis to purchase housing units  19254



Economy News - Baghdad



The Association of Iraqi Private Banks announced the allocation of part of the one trillion dinar initiative launched by the Central Bank of Iraq to support citizens to purchase housing units for an amount not to exceed 75 million dinars and with a repayment period not exceeding 10 years. 

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, said in a press statement received by "Al-Iqtisad News", that "in support of the Iraqi Central Bank and private banks to solve the housing crisis that the country has been living in for a long time, they decided to launch a 75 million dinar loan for all Iraqis wishing to purchase housing units." Ready and with a repayment period of 10 years, "noting that the Central Bank of Iraq directed all banks participating in the one trillion dinar initiative to allocate a portion of the funds to support the housing sector."

He added that the loan interest will be 4% per annum, and the central bank urged private banks to put preferential interest and increase the level of competitiveness by making the interest less than 4% in an attempt to reduce the debt burden on the one hand and attract government employees to settlement in banks, increase financial inclusion and reduce hoarding. 

Tariq noted the support of private banks for the housing sector and the alleviation of the housing crisis that will contribute to moving the Iraqi economy, and increase job opportunities, since the housing sector contributes to moving other sectors.





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Post by claud39 on Tue Mar 03, 2020 8:04 am

Association of Private Banks: Private banks will issue loans to all Iraqis to purchase housing units


03/03/2020



Association of Private Banks: Private banks will issue loans to all Iraqis to purchase housing units  724





The Association of Iraqi Private Banks announced the allocation of part of the one trillion dinar initiative launched by the Central Bank of Iraq to support citizens to purchase housing units for an amount not to exceed 75 million dinars and with a repayment period not exceeding 10 years. 

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, said in a press statement that "in support of the Iraqi Central Bank and private banks to solve the housing crisis that the country has been living in for a long time, they decided to launch a 75 million dinar loan for all Iraqis wishing to purchase ready-made housing units with a repayment period of 10 years" "Noting that the Central Bank of Iraq directed all banks participating in the one trillion dinar initiative to allocate a portion of the funds to support the housing sector."

He added that the loan interest will be 4% per annum, and the central bank urged private banks to put preferential interest and increase the level of competitiveness by making the interest less than 4% in an attempt to reduce the debt burden on the one hand and attract government employees to settlement in banks, increase financial inclusion and reduce hoarding. 

Tariq noted the support of private banks for the housing sector and the alleviation of the housing crisis that will contribute to moving the Iraqi economy, and increase job opportunities, since the housing sector contributes to moving other sectors.







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