[size=30]Loans .. The payment of a maze of businessmen playing on three ropes by "fake projects"[/size]
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Investment projects have become modern and far-reaching in Iraq, because of its importance in the return of the country to normal after the war-ravaged, but hit a handicap of a special model created by businessmen and traders Agado "fraud and play on three ropes," according to observers.
Loans in installments equal to the budgets of countries over the years of long, but they go without the result of "lagging" in the payment and delay, which made many banks unable to provide the required liquidity, and the need for a serious pause to rotate the investment.
The problem of procrastination in the repayment of loans is one of the most important obstacles facing banks, including the bank "TPI" where some people are weak procrastination without paying attention to the negative impact on the work of the bank as the volume of non-performing loans to the bank during 2014 and the bank officials more than one billion dollars , Which makes the bank restricted and unable to lend on an ongoing basis.
Deputy: Loans for the purpose of speculations
say MP "The loans obtained by businessmen and traders from banks are paid directly at the time or through the existence of a real estate or bank guarantee for payment," noting that "there is today a kind of complacency towards the repayment of these loans from During the fraud of the creditor to postpone the date of payment of the loan with illegal arguments such as smuggling or provide excuses or on the grounds that there is a lawsuit against the real estate or sponsor.
Loans in installments equal to the budgets of countries over the years of long, but they go without the result of "lagging" in the payment and delay, which made many banks unable to provide the required liquidity, and the need for a serious pause to rotate the investment.
The problem of procrastination in the repayment of loans is one of the most important obstacles facing banks, including the bank "TPI" where some people are weak procrastination without paying attention to the negative impact on the work of the bank as the volume of non-performing loans to the bank during 2014 and the bank officials more than one billion dollars , Which makes the bank restricted and unable to lend on an ongoing basis.
Deputy: Loans for the purpose of speculations
say MP "The loans obtained by businessmen and traders from banks are paid directly at the time or through the existence of a real estate or bank guarantee for payment," noting that "there is today a kind of complacency towards the repayment of these loans from During the fraud of the creditor to postpone the date of payment of the loan with illegal arguments such as smuggling or provide excuses or on the grounds that there is a lawsuit against the real estate or sponsor.
Al-Maliki added that "the interest rates on loans are supposed to be doubled if the borrower delays payment of such loans or confiscation of the property regardless of his legal status or the guarantor's guarantor's claim for immediate repayment or the seizure of money to be such a deterrent to the borrower for the current or stall To pay these loans, "pointing out that" the deterrent law is within the law of banks, but personal relationships and circumventing and circumventing public money are the methods used by borrowers to slow the repayment of loans. "
He explained that "there are loans amounting to one billion or two billion dinars and is acquired by one person and is used by commercial transactions and speculation or the capital market to make profits from the state money and in a manner of corruption is covered by legitimate legal means without the benefits of the country.
Al-Rafidain: Delay in paying off lending
An official source said Rafidain Bank that "the delay in the repayment of loans granted by government banks would affect the budgets of these banks for loans, and therefore it could stop lending to all categories covered.
The source, who asked not to be named, said that "banks often stop the process of lending until the payment of the debt of borrowers," stressing that "the cessation of lending will adversely affect the economic and commercial operation in the country."
Dealers: Lending to fake projects
For his part, trader Amin Khazraji said in an interview with the news agency Kashif that "some traders and businessmen borrow from banks not for the purpose of the establishment of a project, but they are brokering and making profits without having real projects."
He continued that "some businessmen are replacing the car with a very modern in the amounts obtained from loans and some others are traveling for recreation, without there is any concrete project, but it exists only on paper," pointing out that "these things will be reflected negatively on Easy access to loans. "
Investor Mohammed al-Hassani said in an interview with Al-Kashif News that "the process of lending from banks of the complexity of the large result of some borrowers to procrastinate or not pay what they have, which drives these banks to develop mechanisms and strict controls to prevent such things."
"Some banks are starting to stop lending due to the lack of sufficient liquidity due to the reluctance of businessmen to pay their debts, and therefore it affects others and deprives them of these loans," Hassani said.
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