Iraq announces grant of 15 million dinars and ten thousand dollars in loans to citizens and owners o

Iraq announces grant of 15 million dinars and ten thousand dollars in loans to citizens and owners of small enterprises



History of edits:: 2017/6/10 10:17 • 33 times readable

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

Iraq announces grant of 15 million dinars and ten thousand dollars in loans to citizens and owners of small enterprises


History of edits:: 2017/6/10


{Baghdad} Euphrates News Rafidain Bank announced the granting of loans to citizens and owners of small businesses dinar and the US dollar.
The Information Office of the Bank said in a statement the agency {Euphrates News} received a copy of it today that " in line with the bank 's policy aimed at diversifying the services provided by him and in support of the national economy in the financing of various projects and to reduce unemployment and operation of labor, the bank is ready to grant loans of up to 15 million dinars , or ten thousand US dollars to the owners of small businesses. "
He noted that "select the names of the branches covered by the grant of short - term loans in Iraqi dinars and US dollar and put the necessary instructions for it."
He explained that " the branches covered by the granting of loans to finance small projects: {Jerusalem, Mustansir, Secretary, seven firstlings, Sheikh Omar, Al - Andalus, Khansa, seven palaces, the eastern door, neighborhood people, caliphs, Hudhayfah ibn al - Yaman, Haifa, Kadhimiya, freedom, the message , refineries, Rafii, bridge, right side, Muthanna, martyrs, Najaf, Prince neighborhood, Kut, Greens, independence, Abu Fertile, city, Pacific, Olney}.
He noted that " the required documents is one of the identities adopted by the bank {identity civil status, nationality certificate, residence card} or a unified national card or a valid passport travel Effect in addition to the housing card, and apply for a loan to the bank offers a site by assets, and the book 's support from the sponsor circle which supports the continuation of the service and the monthly net salary received by the sponsor, and economic feasibility study includes a description of the project, the class served by the project, the cost of the project, flows cash, the extent of its ability to exercise activity and its ability to perform its obligations in return the loan and interest amount, and provide issued identification for official party union industries or Baghdad Chamber of Commerce or other. "


he noted the branch procedures are" making sure the documents submitted health by the borrower and it is very the age of majority and shall bear the Director Branch full responsibility for the examination of applications and ensuring the availability of the required conditions provided in the student loan, and an on- site detection of the project in question to obtain the correct details of it for the purpose of estimating the value of assets in preparation to determine the loan amount. "
And that "does not exceed the loan term of three years {short - term loans} grants one go and determines the amount at the request of the borrower and estimate the branch manager and within the following amounts and the table shown below:
{§ 15000000 dinars} {fifteen million ID} interest rate {9% } and to ensure that the sponsor and one civilian employee of the state departments.
§ {10000} to $ {ten thousand dollars} interest rate {7%} and to ensure that the sponsor and one civilian employee of the state departments.



details loan dinar loan dollar
amount {15} million dinars {10} thousands USD
Duration 3 years at (36 months) 3 - year
interest rate of 9% per annum 7% per year the
amount of the monthly installment 416.667 dinars , $ 278 the
amount of interest Of 57.813 dinars $ 30
premium + interest 474.479 dinars $ 308 the
amount of total interest 2.08125 million dinars in 1079 dollars

and restrict the loan amount owed on the loan account and the creditor to calculate the Fund if the loan in Iraqi dinars or foreign banknotes account held by the branch if the loan is in US dollars in accordance with the accounting following constraint : -

debit h / short - term loans (by sector and type of currency loan)

creditor h / cash on {1811} or current account in Iraqi dinars)
or creditor h / foreign banknotes in section {1861} or the current account in foreign currency
5) in If no foreign currency availability in the branch of the grantor 's loan department approached a Treasury under the book signed by the branch manager (exclusively) for the purpose of providing them with foreign currency.
6) charged to the loan installments and interest per month from the date of receipt of payment by the customer or credited to his account and in accordance with the principle of accrual in accordance with the accounting the following limitation: -

debit / h cash in hand

or debit h / Banknote foreign 1861

creditor h / interest on loans granted (by loan currency type)

7) levied administrative commission (2%) from the date of signing of the contract and pay in advance the full amount of the loan in accordance with the accounting the following limitation: -

debit h / cash on hand (1811) or the current account in Iraqi dinars

or debit h / banknotes foreign section (1861) or the current account in foreign currency

creditor h / miscellaneous services Bdina Iraqi 4371

creditor h / miscellaneous services in foreign currency 4372

and pointed out that "the stamp duty in the same currency loan as assessed on the type of contract ratios under stamp duty No. {16} Act {1974} as amended and restrict the same currency for the Ministry of Finance / Public Treasury analyzes are met financial stamps accrued fees account {26663} to: -
financial stamps due fees in Iraqi dinars 266 631

- financial stamps due fees in foreign currency 266 632

and noted that "satisfy the interests and commissions and premiums in the same currency loan, and the commission met by (2%) for the purpose of covering the guarantee repay these loans and are credited to the account Ast Acts of worship of non - bank account No. {2673}, and regulate the accounting entries for the loans granted in foreign currency based on the price contained in the monthly bulletin of the price of the US dollar issued by the Accounts Division. "

He explained , "The branches shall notify the Division of loans in the loans granted to bank credit department for this purpose monthly This Division follow - up to pay premiums and accrued interest , and that maintenance of cards or granting loans records."

The Nohaly that " the borrower undertakes to use the loan amount for the purpose for which it was granted and otherwise considered the amount and its accessories {premiums and benefits} due performance immediately to the bank, and The delay interest on the premium and its annexes amount is calculated in the same loan interest +2% and in the same currency on the duration of the delay from the due date until the date of payment. "
He pointed out that "the branches deported loans and interest on the calculator by sector in Iraqi dinars and foreign currency and customize a page or more for each borrower and write down the following details: -
{sequence - Full name of the borrower - loan amount - the number of premiums - the amount of the premium - the maturity date - type of loan - duration - loan currency - balance} ended.


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

Iraq announces granting of loans to citizens and owners of small businesses in dinars and US dollar


10/06/2017





Rafidain Bank announced the granting of loans to citizens and owners of small businesses dinar and the US dollar.


The Information Office of the Bank said in a statement obtained "direction Press" a copy of it, that "in line with the bank's policy aimed at diversifying the services provided by him in support of the national economy in the financing of various projects and to reduce unemployment and operation of labor, the bank is willing to grant loans of up to 15 million dinars, or ten thousand US dollars to the owners of small businesses. "

He said, "It identified the names of the branches covered by granting short-term loans in Iraqi dinar and the US dollar and put the necessary instructions for it."

He noted the bank that "the branches covered by the granting of loans to finance small projects are (Jerusalem, Mustansir, Secretary, seven firstlings, Sheikh Omar, Al-Andalus, Khansa, seven palaces, door-east, Shaab district, caliphs, Hudhayfah ibn al-Yaman, Haifa, Kadhimiya, Freedom , letter, refineries, Rafii, bridge, right side, Muthanna, martyrs, Najaf, Prince neighborhood, Kut, Greens, independence, Abu Fertile, city, Pacific, Nile)

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

Iraq launches loans to support small businesses with 15 million dinars




Economy News Baghdad :
Announced the Bank of Iraq on Saturday for the granting of loans to citizens and owners of projects small dinar and the dollar US .
The Office media of the bank in a statement news received " Economy News , " a copy of it, he was " in line with the policy of the bank aimed to diversify the services provided by him and in support of the economy of the national in the financing of projects of different and reduce the unemployment and operation of hands working, the bank on the ready fully to grant loans of up to 15 million dinars , or ten thousand dollars US for the owners of projects and small " , referring to it , " select the names of the branches covered by the granting of loans short - term dinar Iraqi dollar US and put the instructions necessary for it . "
It noted the statement to be " the branches covered by the granting of loans to finance the projects of small is Jerusalem and Mustansir and the Secretary and seven firstlings and Sheikh Omar and Al - Andalus and Khansa seven palaces and door east inspired people and caliphs and Hudhayfah ibn al- Yaman , Haifa and Kadhimiya , freedom and the message , refineries and Rafii and bridge side right , Muthanna , martyrs and Najaf , inspired by Prince , Kut , vegetables , independence and dad Fertile and the city and the Pacific and the Nile . "
He pointed to the " documents required for one of the identities approved of by the bank ( the identity conditions of civil , certificate of nationality , card housing or card national unified or passport travel to take effect in addition to the card housing with a request to obtain the loan offers to the bank site by assets ."
He added that he " should get the book 's support from the Department of the sponsor supports the continuation of the service and the net salary monthly which earns the sponsor with a study of the feasibility of an economic include a description of the project and the category that serves the project and the cost of the project and the flows of cash and the ability to exercise activity and its ability to perform its obligations in return the amount of the loan and its benefits ".
Among the " procedures for the branch to make sure of the validity of the documents submitted to by the borrower and it is a very age of majority and bears the director of the branch responsibility fully for the study of applications and ensure the availability of the conditions required to provide the student loan and a detection site on the project in question to get the details correct it for the purpose of estimating the value of assets as a prelude to determining the amount of the loan granted . "
He explained that " the duration of the loan does not exceed three years ( loans , short - term ) and gives a boost one determines the amount to build on the request of the borrower and estimate the director of the branch and in the limits of the amounts the following 15 million dinars by interest (9%) and guaranteed by the sponsor and one employee civilian from the departments of State and 10 thousands of dollars increased interest (7%) and guaranteed by the sponsor and one employee civilian from the departments of State . "


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

Mesopotamia" reveals "micro-enterprise" loan details  

BAGHDAD - The Journal News

 "Rafidain" bank, announced on Saturday for the granting of loans to citizens and owners of small businesses in Iraqi dinar and the US dollar.

The Information Office of the Bank said in a statement seen by «Journal News» he was "fully prepared to grant loans of up to 15 million Iraqi dinars, or ten thousand US dollars to the owners of small businesses."

The bank noted that "the loan for a period not exceeding three years."

Also identified the benefits of these loans. As between the loan (15) million will be accounted for 9 percent, while the percentage of the benefit of ten thousand dollars loan, seven percent.

And on the required documents for the loan, the statement noted, to one of the identities adopted by the Bank (the Civil Status identity, nationality certificate, residence card or a unified national card or a valid passport in addition to the housing card). That is to apply for a loan to the bank, according to fundamentalist procedures.

It required documents to get the loan also (the book's support from the sponsor circle which supports the continuation of the service and the monthly net salary received by the sponsor, and also provide issued identification for official party union industries or Baghdad Chamber of Commerce or other).

For his part, offers the borrower, an economic feasibility study include a "description of the project, the class served by the project, and cost, as well as cash flows to the extent of the borrower's ability to exercise activity and its ability to perform its obligations in return the loan and interest amount."

The statement branches covered by the granting of loans, namely: (Jerusalem, Mustansir, Secretary, seven firstlings, Sheikh Omar, Al-Andalus, Khansa, seven palaces, door-east, Shaab district, caliphs, Hudhayfah ibn al-Yaman, Haifa, Kadhimiya, freedom, message, refineries , Rafii, bridge, right side, Muthanna, martyrs, Najaf, Prince neighborhood, Kut, Greens, independence, Abu Fertile, city, Pacific, Nile).


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

Iraq announces grant of 15 million dinars to $ 10K new loans and determines the branches covered by the granting of loans

June 10 .2017 - 10:32 | Number of Views: 3090



Sommer News: Baghdad

Rafidain Bank announced on Saturday for the granting of loans to citizens and owners of small businesses dinar and the US dollar.

The Information Office of the Bank said in a statement, that in line with the bank's policy aimed at diversifying the services provided by him in support of the national economy in the financing of various projects and to reduce unemployment and operation of labor, the bank is ready to grant loans of up to 15 million dinars, or ten thousand US dollars to the owners of small projects, noting that he identified the names of the branches covered by granting short-term loans in Iraqi dinars and US dollar and put the necessary instructions so.

The statement noted the branches covered by the granting of loans to finance small projects, namely: (Jerusalem, Mustansir, Secretary, seven firstlings, Sheikh Omar, Al-Andalus, Khansa, seven palaces, door-east, Shaab district, caliphs, Hudhayfah ibn al-Yaman, Haifa, Kadhimiya, Freedom , letter, refineries, Rafii, bridge, right side, Muthanna, martyrs, Najaf, Prince neighborhood, Kut, Greens, independence, Abu Fertile, city, Pacific, Nile).

A. Required Documents: -

1) One of the identities approved by the Bank (the identity of the civil status, nationality certificate, residence card) or a unified national card or a valid passport in addition to the housing card.

2) apply for a loan to the bank offers a site by assets.

3) Book support from the Department sponsor the continuation of the service and the monthly net salary received by the sponsor supports.

4) an economic feasibility study includes a description of the project, the class served by the project, the cost of the project, cash flows, the extent of its ability to exercise activity and its ability to perform its obligations in return the loan and interest amount.

5) Provide issued identification for official party union industries or Baghdad Chamber of Commerce or other.

B. Branch procedures: -

1) Ensure the health of the documents submitted by the borrower and it is a very age of majority and branch bears full responsibility for the examination of applications manager and confirm the availability of the required conditions provided in the student loan.

2) conduct on-site detection of the project in question to obtain the correct details of it for the purpose of estimating the value of assets in preparation to determine the loan amount.

3) The loan does not exceed a period of three years (short-term loans) and grants one go and determines the amount at the request of the borrower and estimate the branch manager and within the following amounts and the table shown below: -

(15000000) dinars (fifteen million ID) interest rate (9%) and guaranteed by the sponsor and one civilian employee of the state departments.
(10,000) dollars (ten thousand dollars) interest rate (7%) and guaranteed by the sponsor and one civilian employee of the state departments.



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

Rafidain grants loans of 15 million dinars and ten thousand dollars to citizens and entrepreneurs

economy  Since 2017-06-10 at 10:56 (Baghdad time)

Baghdad Mawazine News
Al-Rafidain Bank announced on Saturday granting loans of 15 million dinars and 10,000 dollars for citizens and small entrepreneurs.
"In line with the Bank's policy to diversify the services provided by it and to support the national economy in financing various projects and reducing unemployment and labor force, the Bank is fully prepared to grant loans of up to 15%," the Bank's Information Office said in a statement received by Mawazine News. Million dinars or ten thousand dollars for small entrepreneurs. "
The statement added that "the bank identified the names of the branches covered by granting short-term loans in Iraqi dinar and the US dollar and set the necessary instructions for that."
"The branches covered by the granting of loans to finance small projects are: Jerusalem, Al Mustansir, Al Ameen, Seven Abkar, Sheikh Omar, Al Andalus, Al Khansaa, The message, the refineries, the crane, the bridge, the right side, the Muthanna, the martyrs, the Najaf, the Prince neighborhood, the Kut, the Greens, Independence, Abi Khasib, the city, the Pacific.
The statement pointed out that "the required documents are one of the identities approved by the bank ID of the civil status, certificate of nationality, residence card or national ID card or valid passport in addition to the residence card, and request for the loan is provided to the bank duly signed, Support from the sponsor's department in which he supports the continuation of the service and net monthly salary received by the sponsor, and economic feasibility study includes description of the project, the category served by the project, the cost of the project, cash flows, the extent of its ability to exercise activity and ability to perform its obligations in the repayment of the loan amount and benefits, Submit An identity issued by an official body such as the Federation of Industries or Baghdad Chamber of Commerce or others. "
He explained that "the procedures of the branch are to verify the authenticity of the documents submitted by the borrower and that he is adult and the branch manager is fully responsible for studying the applications and making sure that the conditions required by the applicant are available and that the relevant project Value of assets in preparation for determining the amount of loan granted ".
He explained that "the loan period does not exceed three years short-term loans, and is granted in a single payment and determined amount at the request of the borrower and the director of the branch and within the following amounts and the table below:
15 million dinars 15 million dinars interest rate 9% and the bail of one sponsor civil servant from the State Departments.
$ 10,000 $ 10,000 interest rate 7% and the bail of one civil servant civil servant


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