Amending the provisions for generalizing housing finance within the (The One Trillion) initiative
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Amending the provisions for generalizing housing finance within the (The One Trillion) initiative
Amending the provisions for generalizing housing finance within the (The One Trillion) initiative
August 27, 2020

To / the banks participating in the (One) trillion initiative ( circular )
Issue: 6/5/1376
Date: 8/26/2020
Later, with our uncles No. 5/6/471 dated 27/2/2020 on housing finance within the One Trillion initiative, and to meet the growing demand for this type of financing, the Board of Directors of this bank decided in its session numbered (123) for the year 2020 to approve the the following:
- Paragraph ( 2 ) of our two uncles above was amended to make the ceiling for housing financing ( 100 ) million dinars instead of (75) million dinars, and the financing period from the same paragraph is amended to become ( 15 ) years instead of (10) years.
- It shall be added to paragraph ( 3 ) of the aforementioned uncles regarding the interest rate of the bank only, and the method of calculating it shall be according to the method of ( decreasing installment ). With the survival of each of the administrative commission of the central bank, amounting to (7) per thousand, as well as the annual administrative commission of the guarantor company, amounting to (6) per thousand.
claud39- VIP NewsHound
- Posts : 16988
Join date : 2018-11-04
The Central Bank of Iraq raises the ceiling for housing financing and adjusts the payment period
The Central Bank of Iraq raises the ceiling for housing financing and adjusts the payment period
08/26/2020

https://economy-news.net/content.php?id=21620
08/26/2020

Economy News - Baghdad
Today, Wednesday, the Central Bank of Iraq decided to amend the housing finance ceiling within the one trillion initiative, and the banks participating in this initiative .
The central bank said, in a statement, that in response to the increasing demand for housing financing, the bank decided to amend the housing finance ceiling within the one trillion initiative and the banks participating in this initiative.
The central added that the ceiling for housing financing will be 100 million dinars instead of 75 million dinars, and the financing period has been amended to 15 years instead of 10 years .
The Central Bank indicated that the decision was made in order to reduce the burden of interest installments on the citizen, so it decided that the method of calculating the interest rate of the bank participating in this financing should be according to the method of (decreasing installment), with the maintenance of each of the central bank’s administrative commission of 7 per thousand, as well as The annual administrative commission of the guarantor, amounting to 6 thousand .
https://economy-news.net/content.php?id=21620
claud39- VIP NewsHound
- Posts : 16988
Join date : 2018-11-04
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Made in Iraq, launches in Baghdad in the presence of Al-Kazemi
» Representative investment: the private sector is a partner in decision-making
» Parliamentary services demand that all projects be referred through the investment window
» Parliamentary oil: there are efforts to restore Iraq's share in OPEC +
» Al-Kazemi: Supporting and protecting the local industry occupied a large place in the government curriculum
» The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks
» Iran jails U.S. businessman, possibly jeopardizing Biden's plans for diplomacy with Tehran The imprisonment of a fourth American could derail a bid by the incoming Biden administration to revive a nuclear agreement with Iran.
» In partnership with "MasterCard" ... "QNB" launches the Mastercard World Elite Exclusive Card
» The Minister of Planning announces the start of the practical measures to form the Iraqi Private Sector Development Council
» Banks Are Reluctant To Buy Dollars In Cash From The Central Bank
» France announces its intention to establish strategic projects in Iraq
» Al-Kazemi confirms his support in applying electronic automation at border crossings and tightening control to control violations
» The Central Bank celebrates the anniversary of the establishment of the Basra branch
» The economic effects of devaluation of the currency exchange rate
» Iraqi national and foreign security discuss the regional openness of Iraq
» New Deputy Political Affairs and Electoral Assistance appointed for UNAMI in Iraq
» European scheme to break the "dominance of the dollar"
» Tomorrow .. The launch of the activities of the exhibition {Made in Iraq}
» The Council of Ministers sets the date for approving the biometric card, stating that it is documented
» Parliamentary Finance: To vote on the budget next week .. This is the fate of the salary deduction
» Parliament ends discussion of the 2021 draft budget
» American diplomat James Jeffrey: Trump's model will continue in Iraq and Syria
» Representative statement after fears of raising the exchange rate of the dollar against the dinar again - urgent
» US Election Outcome Jan. 20th and Beyond
» Benjamin bla bla blah Fulford - US Election Outcome Jan. 20th and Beyond
» Al-Kazemi acknowledges the "complicated" situation in Iraq and calls for a new page to be opened
» Parliamentary Finance confirms reading 40 articles from the budget and specifies a possible date for passing them
» Iraq is working to remove its name from the list of money laundering and terrorist financing and its foreign affairs clarify the procedures
» Deleting zeros or printing a new category? .. The Iraqi government's options to save the dinar from collapse
» Iraq: revenues for a whole year are "hidden" and obstructed "the 2021 budget" with its "frightening deficit": the country will be flooded with new international loans!
» Representative economics submitted a proposal to the private sector after raising the price of the dollar
» The ports control the forging of an examination certificate for materials at Umm Qasr port
» Iraq participates in the Buna platform for inter-Arab payments
» Part of the activities of the Central Bank of Iraq during the year 2020
» The most important stations of "Desert Storm" ... 30 years since Saddam's invasion of Kuwait
» Al-Rafidain directs the continuation of the follow-up of the retrieval of the money of Basmajah loans
» An Iraqi bank announces that it has reached the highest credit rating in the country
» Parliamentary Finance confirms its intention to reduce total expenditures and maximize revenues in the 2021 budget
» Deputy: Submitting a parliamentary request to resolve the issue of customs tariffs on raw materials