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[size=36]Lending 9,000 projects as part of the Central Bank's initiative[/size]
Political| 11:05 - 02/05/2021
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Baghdad - Mawazine News
The Iraqi Private Banks Association announced today, Sunday, that banks have loaned 9,000 small and medium projects as part of the Iraqi Central Bank's financing initiative.
The economic and banking advisor to the Banks Association, Samir al-Nusiri, explained, according to the official agency, that "private banks were able to lend about 9,000 small and medium projects," indicating that "these projects are agricultural, industrial, commercial, service and housing."
He added, "The total project lending exceeded 443 billion dinars through 42 private banks, in addition to allocating one billion dinars loans for every major project that contributes to development." Noting that "this initiative had an effective impact in revitalizing the economic cycle and creating job opportunities for young people." And alumni. "
Al-Nusiri confirmed, "About 17,000 unemployed people have been employed within the Central Bank of Iraq’s financing initiative, for which six trillion dinars have been allocated, distributed by one trillion to private banks, and five trillion to specialized government banks," noting that "the central bank launched a new initiative to lend local employees their salaries to an amount." "15 million dinars without a guarantor, without interest, and a 4% fixed commission for one time only. He also issued new instructions to reduce all the benefits of housing loans and small and medium enterprises, in a method of diminishing interest, for the purpose of supporting these projects."
He stressed "the importance of the Ministry of Labor and Social Affairs and the Ministry of Planning to support workers and youth to start their small and medium enterprises," revealing that "there are about 68,000 small and medium enterprises registered, which need funding in order to contribute to revitalizing the economic cycle of Iraq."
The Iraqi Private Banks Association announced today, Sunday, that banks have loaned 9,000 small and medium projects as part of the Iraqi Central Bank's financing initiative.
The economic and banking advisor to the Banks Association, Samir al-Nusiri, explained, according to the official agency, that "private banks were able to lend about 9,000 small and medium projects," indicating that "these projects are agricultural, industrial, commercial, service and housing."
He added, "The total project lending exceeded 443 billion dinars through 42 private banks, in addition to allocating one billion dinars loans for every major project that contributes to development." Noting that "this initiative had an effective impact in revitalizing the economic cycle and creating job opportunities for young people." And alumni. "
Al-Nusiri confirmed, "About 17,000 unemployed people have been employed within the Central Bank of Iraq’s financing initiative, for which six trillion dinars have been allocated, distributed by one trillion to private banks, and five trillion to specialized government banks," noting that "the central bank launched a new initiative to lend local employees their salaries to an amount." "15 million dinars without a guarantor, without interest, and a 4% fixed commission for one time only. He also issued new instructions to reduce all the benefits of housing loans and small and medium enterprises, in a method of diminishing interest, for the purpose of supporting these projects."
He stressed "the importance of the Ministry of Labor and Social Affairs and the Ministry of Planning to support workers and youth to start their small and medium enterprises," revealing that "there are about 68,000 small and medium enterprises registered, which need funding in order to contribute to revitalizing the economic cycle of Iraq."
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