Industrial Bank is preparing to grant loans in Diwaniya
Editor: BK 13/2/2016 23:00 Number of Views: 188
Long-Presse / Diwaniya
Announced Diwaniyah management, on Saturday, for the determination of the Industrial Bank to provide facilities and loans for the promotion of local industries to ease the financial crisis that has plagued Iraq, revealing for the allocation of a building in Diwaniya center to be based in the bank to complete the transaction, while called the last investors and industrialists to submit their projects to take advantage of Industrial initiative.
The governor of Diwaniyah, Sami al-Hasnawi, in an interview to the (long-Presse), "The agreement signed between the administration of the province with the Director-General of Industrial Bank, the Finance Ministry, Kazem Mohammed fistula, accompanying him, which included a number of members of the Iraqi Federation of Industries and specialists, to activate delegation Industrial initiative launched by the bank in the province, and activating the role of the private sector to reduce the effects of the financial crisis currently faced by Iraq. "
He Hasnawi, that "the province has allocated a building for the bank to be the completion of industrial projects for businessmen and investors from the province transactions, to ensure working mechanisms soft pass routine correspondence between the province and Baghdad," adding that "the management of the Bank has pledged to provide financial liquidity commensurate with the percentage of population in the province under the statistics released by the Ministry of planning. "
According to the governor, that "the bank pledged to grant loans in accordance with the mechanisms and controls, which confirmed the rapid completion of paperwork," pointing out that "the allocation of loans small industrial projects were or large, will be to compensate the province for the shortfall in the projects in addition to providing job opportunities for their children ".
For his part, Director General of the Industrial Bank Kazem Mohammed fistula, in an interview to the (long-Presse), he said that "the bank is able to secure about a quarter of a trillion dinars, to the province to stimulate local industry and activating the role of the private the sector," noting that "the bank will grant three types of loans, for the establishment of factories and companies, and the purchase of new production lines, and the import of raw materials. "
He continued fistula, that "the interest of the loans will be subsidized, not four percent just beyond," calling on investors and industrialists to "submit their projects to activate the role of the industrial sector to compete with imported goods, and to find funding for the promotion of the province's budget to support the economy and increase the income and employment opportunities for its citizens sources."
The province of Diwaniya (180 km south of Baghdad), the second poorest provinces, according to the Ministry of Planning and Statistics, and is lacking tourism, investment and oil resources.
The Industrial Bank, was founded in 1935 as the Agricultural Industrial Bank, before boarding an industrial development as a bank in 1946 for the development of national industry sector in Iraq.