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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The General Secretariat of the Council of Ministers directed the Central Bank to reschedule loans

    Rocky
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    The General Secretariat of the Council of Ministers directed the Central Bank to reschedule loans Empty The General Secretariat of the Council of Ministers directed the Central Bank to reschedule loans

    Post by Rocky Thu 25 Mar 2021, 8:13 am

    The General Secretariat of the Council of Ministers directed the Central Bank to reschedule loans
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    On Thursday, the General Secretariat of the Council of Ministers directed the Central Bank of Iraq to take appropriate measures regarding rescheduling of previous loans granted by banks to the initiative of the Central Bank of Iraq .
    This came based on the recommendations of the Central Bank Loans Sub-Committee emanating from the Supreme Committee concerned with setting up a mechanism for granting loans to projects without interest or reduced interest, by making use of the amounts allocated to finance these projects and supervising them, with the aim of activating the economic sector (the private sector) and facilitating its procedures .
     And it was decided to reschedule the previous loans granted by the Housing Fund and the Real Estate Bank, the term of the loan (30) years with the cancellation of the interest of (3%) calculated .
    On previous loans, starting from 11/29/2020, and the Industrial Bank, the loan period is (15) years with interest of (۳%) on those loans .
    It was also decided to approve the credit plan schedule for the Central Bank’s initiative for all governorates (according to the criteria for population density and poverty rate), as well as to approve the schedule for the distribution of credits for the Central Bank’s initiative loans according to the governorates and the sectors covered (industrial, housing, agricultural ).
    It was also approved to ensure the citizenship of their salaries in banks licensed by the Central Bank of Iraq either
    Permanent owners, contracts, retirees, or employees of the security services, as the settlement of the salary with any of the licensed banks and the reservation of the housing unit will be sufficient to grant the loan without the need for another guarantor .
    The real estate bank and the housing fund will be covered by the provisions of paragraph (j) of Article (2) of the lending mechanisms notified by the letter of the General Secretariat of the Council of Ministers dated 11/29/2020.
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