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Iraqi banks finance 5,360 projects DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraqi banks finance 5,360 projects

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Iraqi banks finance 5,360 projects Empty Iraqi banks finance 5,360 projects

Post by claud39 Fri May 15, 2020 10:11 am

[size=36][rtl]Iraqi banks finance 5,360 projects[/rtl][/size]

Friday 15 May 2020

Iraqi banks finance 5,360 projects Alsabaah-36702

Baghdad / Al-Sabah 

The Association of Iraqi Private Banks announced that private banks operating inside Iraq funded 5360 small and medium-sized projects within the initiative (one trillion) launched by the Central Bank of Iraq to finance small and medium projects. 

The executive director of the Association of Iraqi Private Banks, Ali Tariq, said in a press statement: "So far, private banks have financed 5,360 projects worth 175 billion dinars within the (one trillion) initiative launched by the central bank," noting that "these projects have varied between industrial, agricultural and commercial" And services. " 

He added that "the only obstacle facing private banks in increasing the financing of projects is the absence of real guarantees for most of the young people in Iraq," explaining that "the loans granted by banks within this initiative are to support small and medium projects with a maximum of one billion dinars, as well as support citizens to purchase housing units with a limit The highest 75 million dinars, 4 percent interest, for 10 years, and there is a loan of more than one billion dinars for large projects. "

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