The Central Bank raises the ceiling of loans to small and medium enterprises to one billion dinars
13:33 - 08/07/2019
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The Central Bank of Iraq, Monday, raising the ceiling of loans granted to finance small and medium enterprises, within this initiative, to one billion dinars.
The bank said in a statement received by Al-Maaloumah, a copy of it, that "to enhance the successes achieved by one trillion dinars initiative, and in order to absorb more investment projects, the Central Bank of Iraq announces raising the ceiling of loans granted to finance small and medium enterprises, To (billion dinars), "stressing that" these loans will include all sectors except the housing sector, giving more space for the industrial and agricultural sectors. "
"The Central Bank issued a set of controls on this lending, in which he stressed the possibility of each bank to submit projects worth up to 5 billion Iraqi dinars, in one go, depending on the form sent for each project, and that the bank will audit projects to be funded After 6 months from the date of feeding the bank account to a maximum, without allowing the extension of the period.
The central bank said in its statement that "the term of the loan up to 5 years can be extended to 7 years, in the event that the lender requested the lender." Ending / 25