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Bank loans declined due to difficult guarantees and repayment delays
16/10/2017 12:00 am [rtl] Baghdad / Mustafa Hashemi at a time when citizens called for private banks to launch the amounts of advances to small and medium projects, which was allocated by the Central Bank to start the process of development, between a banking specialist that mutual trust, which is the basis of the work of banks, has collapsed due to many repercussions have negatively affected The reality of funding in Iraq and the national economy and the economy of the family burdened many. The banking system in Iraq consists of 7 government banks: Al-Rafidain, Al-Rashid, the Iraqi Bank for Trade, the Agricultural, Industrial and Real Estate Bank, as well as Al-Nahrain Islamic Bank, as well as a large number of private banks and branches of foreign banks including Lebanese, Emirati, Iranian and Turkish. Controls and guarantees brunette Obeid , 42, says she did not leave the banks waged only knocked on the door in order to obtain a loan or an advance , but it has not received what they were begging him. "When I review more than one bank in order to obtain a loan to open a small sewing workshop in my house to support my family, I am surprised by the controls and guarantees required by the banks, in addition to the condition of the sponsor, " she said in an interview with Sabah . She stressed that the conditions are very harsh compared to the amount I needed, which is 10 million dinars for the establishment of the project, which aspires to be distinguished by depending on the latest fashion details based on the Internet sites for the latest products of textiles and clothing. Local banks The central bank has allocated $ 1 billion to private banks in order to launch them as loans for small and medium-sized enterprises, but private banks are very cautious about launching them because of the general conditions of the country. Hassan Haidar, "25-year-old", said: "The conditions for obtaining the loan are available as the sponsor and the rest of the other guarantees for private banks." He added Haider in an interview with the "morning" that when he made separate requests for government banks to obtain a loan it granted refused a loan for the reconstruction of his father 's house and prepare for investment leases because of the failure to include controls "-aly he said: loans productivity and explained that he resorted to private banks to borrow $ 15 million But his request was also rejected because this type of loans are not from the loans of production or those allocated to small and medium enterprises, asking: Where to get a loan to reconstruct the home of the father and banks refrain from lending to the public? Banking Specialist d. Issam Mahaoueli said: "Banks in different countries of the world rely on the principle of confidence in their dealings with each other, on the one hand and with the public on the other hand, and given the circumstances of Iraq, this confidence has become shaky since the late nineties when a bank seized deposits His clients. Mahaouli called for "speeding up the restoration of confidence in Iraqi private banks and activating their role in the development process through diversification of banking activity, so that they can attract citizens' deposits and facilitate lending at the same time." Dispose of the property and noted: "The banks point of view is justified also wary of launching loan amounts even after confirming the safety of borrowers papers and bring them necessary to obtain the amount of the loan guarantees , " he said, adding that: there are those who offer property as collateral and at the failure to pay find these banks That his house is "required clan" the bank is not able to dispose of real estate and the rest of the parties also " He explained that:"[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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