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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Industrial Bank launches two initiatives to grant loans amounting to 20 billion dinars

    Rocky
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    • Post n°1

    The Industrial Bank launches two initiatives to grant loans amounting to 20 billion dinars Empty The Industrial Bank launches two initiatives to grant loans amounting to 20 billion dinars

    Post by Rocky Wed 30 Jun 2021, 7:04 am

    The Industrial Bank launches two initiatives to grant loans amounting to 20 billion dinars

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    The Industrial Bank announced the launch of two initiatives to grant loans, while noting that the loan ceiling reaches 20 billion dinars as a maximum.  
    The director of the Industrial Bank, Bilal Sabah, said, "The bank has two initiatives within the documentary credits," noting that "the first initiative relates to the central bank and interest at 3% for a period of 15 years, and three years of grace and production guarantees itself by 80% in addition to 20% real estate guarantee, as The bank is working in it," according to the official news agency "Ana".
    He added, "The other initiative includes granting 250 million in cash, and we hope it will rise to one billion, which is related to projects that need raw materials and do not need to import a production line, and their benefit will decrease according to the new information." 
    He pointed out that "the bank's own funds are loaned from them, but at an interest rate of 6%, and because there are other loans with an interest rate of 3%, there was no direction for our own funds," explaining that "loans are granted, according to the feasibility study, for more than 150 million, and there must be a feasibility study and upon acceptance. The feasibility study is submitted to the Prime Minister’s office, and when the amount is approved, it is financed by 80% of the project.”
    He continued, "When the approval is issued, it returns to the bank so that the procedures begin, which is to reveal the percentage of achievements and guarantees," noting that "there are approximately 20 factories that were granted loans from the bank."
    He stated that "factories need to open credit, and most projects are operating and have a high completion rate," noting that "the bank continues to grant loans, and the highest amount that can be granted is 20 billion dinars as a maximum."
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    Rocky
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    • Post n°2

    The Industrial Bank launches two initiatives to grant loans amounting to 20 billion dinars Empty Al-Rasheed: Three conditions for granting loans worth 20 million dinars

    Post by Rocky Wed 30 Jun 2021, 7:26 am

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    Al-Rasheed Bank announced, today, Wednesday, the conditions for granting loans worth 20 million dinars, while noting that the tightening of the procedures for granting loans came to reduce cases of fraud .
    The Director General of Al-Rasheed Bank, Basem Abdul Ali Youssef, said in a statement to the Iraqi News Agency (INA): "The bank lends the employee whose salary is paid through a palm master card, and within three days the loan is granted," noting that "the loan granted is 10 million dinars and an interest of 5 %." ".
    He explained that "the loan is granted through electronic submission, and there is a site that enters it to submit," noting that "the bank also lends small projects worth 20 million to everyone who has a shop or a small project."
    He stressed that "the conditions for granting the loan are that he has a shop lease contract and the identity of the Baghdad Chamber of Commerce, and he has a business that he practices, and the loan is supported for a period of five years and at an interest of 5 % ."
    He added that "the bank also grants loans to the seated at a lower interest, which is 4%," noting that "the tightening of procedures for granting loans came due to the presence of fraud cases, despite the fact that the electronic system."
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