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


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The government obliges banks to promoting micro-credit transactions

    Rocky
    Rocky
    Rocky
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    Posts : 277417
    Join date : 2012-12-21
    • Post n°1

    The government obliges banks to promoting micro-credit transactions Empty The government obliges banks to promoting micro-credit transactions

    Post by Rocky Sun 16 Apr 2017, 8:43 am

    The government obliges banks to promoting micro-credit transactions





    economic  Number of readings: 9 16/04/2017 13:25


    Council of Ministers issued a decree required bank Rafidain and Rasheed promoting micro-credit transactions in accordance with the approved mechanism.

    The Council of Ministers in a statement that he instructed the bank Rafidain and Rasheed promoting small loans for demanding transactions in accordance with the approved mechanisms, in addition to private banks.

    The text of the Council of Ministers' decision to agree to accept to ensure that the sponsor guarantor of state employees for loans granted by private banks to borrowers of employees, and when the breach of the borrower is guaranteed an obligation to repay the loan, the Ministry or entity is associated with the Ministry to recover the outstanding loan amount of the employee's sponsor, according to ratios and assets of deductions on the employee sponsor submit a written undertaking to the bank creditor Palmuaqhaly deduction amounts from Roatbh when breach of the debtor to pay the debt earned his trust.

    The Cabinet approved the launch of micro-credit in order to activate the market, the private sector, which will contribute to the continued high credit rating of Iraq World.

    It should be noted that the Rafidain Bank announced about two months ago to provide financial facilities for the owners of small and medium-sized enterprises, up to 25 million dinars in order to local national product and industry development.


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    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 277417
    Join date : 2012-12-21
    • Post n°2

    The government obliges banks to promoting micro-credit transactions Empty The government commits two banks to promote micro-credit transactions

    Post by Rocky Sun 16 Apr 2017, 9:02 am

    The government commits two banks to promote micro-credit transactions

    2017/04/16



    The Council of Ministers issued a decree obliging Al-Rasheed and Rafidain Bank to promote micro-credit transactions in accordance with the approved mechanism.

    The Cabinet confirmed in a statement that it instructed the bank of Al-Rasheed and Al-Raafdin to promote the micro-credit transactions to the claimants according to the approved mechanisms, in addition to the private banks.

    The decision of the Council of Ministers provides for approval to accept the sponsorship of the guarantor guarantor of the State employees for loans granted by private banks to the borrowers of the employees, and in breach of the borrower who is committed to repay the loan, the Ministry or the non-affiliated entity to recover the amount of the loan unpaid from the sponsor employee according to the proportions and assets of deductions The sponsor employee shall make a written undertaking to the creditor bank to agree to deduct the amounts from his salary when the debtor breaches the payment of the debt realized in his name.

    The Cabinet approved the launch of microcredit to stimulate the market and the private sector, which will contribute to the continued rise in Iraq's global credit rating.

    It should be noted that Rafidain Bank announced about two months ago to provide financial facilities for small and medium-sized entrepreneurs, up to 25 million dinars to develop the domestic product and national industry.

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