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A bank expert: current status does not allow loans without warranties or guarantees of commercial
04-11-2013 11:42 AM
Baghdad (newsletter). Banking expert said mock, Majid dispense ensure employee when granting loans to citizens, depend on the policy of the Bank itself.
He said the Lori (News Agency): the issue of the abolition of the warranty depends on the policy of the Bank loans may draw rules applicable to each bank, indicating that there are general rules of the Central Bank to all banks.
He said: it cannot be linked to the granting of loans with bank guarantees, noting that the company secure loans to ensure that part a little. And: the warranty depends on the policy of the Bank itself and on the size of the loan and the repayment period and the number of people benefiting from it, adding that the main problem is not a guarantee or warranty, but it is a loan to build the project and can project to repay the loan?
Confirmed: that the security and political situation and economic development in the country are not allowed to grant loans without warranties or guarantees, pointing out that there are loans taken by a particular purpose agricultural or industrial, commercial or something else. The House included all provinces when it initiated the law granting loans for the unemployed (20) million. /Finished/5 l. Eng. -
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04-11-2013 11:42 AM
Baghdad (newsletter). Banking expert said mock, Majid dispense ensure employee when granting loans to citizens, depend on the policy of the Bank itself.
He said the Lori (News Agency): the issue of the abolition of the warranty depends on the policy of the Bank loans may draw rules applicable to each bank, indicating that there are general rules of the Central Bank to all banks.
He said: it cannot be linked to the granting of loans with bank guarantees, noting that the company secure loans to ensure that part a little. And: the warranty depends on the policy of the Bank itself and on the size of the loan and the repayment period and the number of people benefiting from it, adding that the main problem is not a guarantee or warranty, but it is a loan to build the project and can project to repay the loan?
Confirmed: that the security and political situation and economic development in the country are not allowed to grant loans without warranties or guarantees, pointing out that there are loans taken by a particular purpose agricultural or industrial, commercial or something else. The House included all provinces when it initiated the law granting loans for the unemployed (20) million. /Finished/5 l. Eng. -
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