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Association of Private Banks: Doors of banks are open to support pilot project
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The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, that the doors of private banks are wide open to support small and medium-sized youth, pointing out the existence of a problem "global" in the distinction between pilot projects and other projects.
He added that on the sidelines of a panel discussion held by the forum "Innovation for Development" and attended by "Economy News", that entrepreneurs wishing to obtain loans to support their projects must trust their projects first and be shareholders of the capital, stressing the need to provide the entrepreneur a clear idea His project is achievable in order to obtain a loan from banks.
Tariq pointed out that the owner of the project must have a feasibility study correct for his project, so as to know at least what he has and what he has, adding that these banks will deal with these projects in accordance with the instructions of the Central Bank of Iraq.The Executive Director of the Association of Banks, that the Association is ready to cooperate with the United Nations to make amendments to the instructions of the Central Bank on banking facilities for entrepreneurs, noting that the Central Bank deals flexibly with these things.
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