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The Central Bank decides to amend the time limit for housing loans

rocky
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The Central Bank decides to amend the time limit for housing loans Empty The Central Bank decides to amend the time limit for housing loans

Post by rocky on Wed 07 Oct 2020, 3:06 pm

[size=35][size=35]The Central Bank decides to amend the time limit for housing loans[/size]
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Economie

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2020-10-07 | 02:11
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The central bank decided, on Wednesday, to amend the time limit for housing loans to ease the burden on borrowers.


The bank stated in a statement that Alsumaria News received a copy of, that "in response to the economic conditions our country is going through and in order to contribute to alleviating the burdens of borrowers in light of the current financial crisis, it decided [url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]The Central Bank of Iraq[/url] Amending the time limit set within its initiative for financing the housing fund and real estate bank loans (the five trillion initiative), so that the new time limit is (15) years instead of (10) years, with retroactive effect.





He stressed that "I will continue to take all necessary measures to contribute to creating a banking system capable of responding to the challenges of the financial crisis and crossing the Iraqi economy to safety."
 
The Central Bank announced on August 8, 2015, the launch of an initiative to support the banks of the agricultural, industrial and real estate sectors and the Housing Fund with loans worth five trillion dinars, to revive the economic situation and financial liquidity.
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