December 20 2017 12:08 PM
A government source said on Wednesday that the Housing Fund was first solved in terms of spending compared to banks benefiting from the initiative of the Central Bank of Iraq.
The source said, "The Central Bank of Iraq has submitted an initiative to the sectoral banks (industrial, agricultural, real estate) and the Housing Fund and the amount of five trillion dinars for the implementation of various projects."
He added that "the housing fund provides to the rest of the participants in the initiative where out of the allocated funds amounted to (834) billion dinars, he completed the disbursement (824) billion dinars and the rest is only one billion dinars."
The source explained that "the Agricultural Bank has already allocated him the amount of trillion and 666 billion dinars, where has been so far is more than 15 billion dinars and the remaining about one trillion and 650 billion dinars, a few percentages."
He continued: "The real estate bank allocated 834 billion dinars and what was spent is only 525 billion dinars and the remaining 359 billion dinars, and most was the Industrial Bank, where he was allocated a trillion and 666 billion dinars, where has been spent so far and until December this year about 17 billion Dinars out of the amount allocated to him, the least of them. "
The source said that "next year may witness a large lending movement to the Industrial and Agricultural Bank after the amendment of some paragraphs of the terms of lending by the committee responsible for follow-up loans projects."
[You must be registered and logged in to see this link.]