Iraq is considering lending to citizens in the liberated areas

Iraq is considering lending to citizens in the liberated areas



3/29/2017 0:00

Baghdad / Ahmed Abed Rabbo
studying Rafidain Bank proposal lending to citizens in the liberated areas (b predecessor soft) for the purpose of reconstruction of their role , which has been vandalized by gangs «Daesh» Alarhabiyh.ufema said continuation of the granting of loans to citizens across the provinces to buy housing units in investment projects, revealed the presence of large numbers of defaulting payment of installments of loans in amounts approaching trillion dinars, said the bank manager Khawla student Jabbar »Sabah»: the «Bank is currently considering a proposal for lending to citizens in the cleared areas of the Conception gangs« Daesh »terrorist advances soft, in order to build their role exposed to the operations of asunder B at the hands of those criminal gangs », noting that this approach falls within the government 's efforts to restore stability to those areas.
She added that the bank branches in the provinces of Anbar and Salah al - Din, is currently working normally, and continuing to provide various banking services to citizens in those provinces, pointing at the same time that the bank has recently prepared and in coordination with the concerned authorities, plans to evaluate the damage to its branches in the Nineveh province's number 14 branches, for the reconstruction and rehabilitation and re - opened quickly and comprehensively, after the announcement of the completion of liberation and victory over the terrorist groups.
Revealed Jabbar continued bank branches across the provinces, to grant advances to citizens to enable them to buy housing units in investment projects and thus contribute to solving the housing crisis afflicting the country, indicating that the project Basmaja residential complex in Baghdad, among those covered imprest projects. Regarding the payment of installments of loans, revealed the director of the Rafidain Bank, the presence of numbers of Almtlkian to pay installments of loans, in amounts of up to 944 billion dinars, indicating that the 562 billion dinars of this amount back to Mtlkian in payment at the Ministry of Defense.
The Director called for the need to restore trust between the public and the banking machine in order to increase the size of the deposit, in order to revitalize the banking sector in the country.
The Rasheed Bank is the second largest government bank in the country, was founded in 1988 under Law No. (52) and became a public company under the Companies Law No. 22 of 1997 and is subject to the bank regulated by the Central Bank of Iraq and the Office of Financial Supervision.

[You must be registered and logged in to see this link.]