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The Real Estate Bank adjusts the recovery period for the Money Back Initiative lending period to 20 years
- Time: 11/09/2023 17:42:05
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{Economic: Al-Furat News} Today, Thursday, the Real Estate Bank issued a decision amending the lending period for the Recovered Funds Initiative to 20 years instead of 15 years.
A useful summary of important news can be found on the Al-Furat News channel on Telegram. [You must be registered and logged in to see this link.]
The text of the decision issued by the Chairman of the Board of Directors, Abbas Shihab Ahmed, a copy of which {Al-Furat News} obtained, stated: “Based on what was stated in the instructions of the Central Bank of Iraq and the powers granted to us by the Board of Directors of the Iraqi Bank, it was decided to amend the lending period for the Recovered Funds Initiative to become 20 years.” Instead of 10 years.
He added, "Accordingly, the payment period schedule and all legal and financial consequences will be amended."
[You must be registered and logged in to see this link.]
{Economic: Al-Furat News} Today, Thursday, the Real Estate Bank issued a decision amending the lending period for the Recovered Funds Initiative to 20 years instead of 15 years.
A useful summary of important news can be found on the Al-Furat News channel on Telegram. [You must be registered and logged in to see this link.]
The text of the decision issued by the Chairman of the Board of Directors, Abbas Shihab Ahmed, a copy of which {Al-Furat News} obtained, stated: “Based on what was stated in the instructions of the Central Bank of Iraq and the powers granted to us by the Board of Directors of the Iraqi Bank, it was decided to amend the lending period for the Recovered Funds Initiative to become 20 years.” Instead of 10 years.
He added, "Accordingly, the payment period schedule and all legal and financial consequences will be amended."
[You must be registered and logged in to see this link.]
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