[size=36]Iraqi bank cuts interest on loans to employees[/size]
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, the Trade Bank of Iraq decided, on Monday, to reduce the interest on loans for employees whose salaries are endemic to it.
And the bank stated in a statement that Mawazine News received a copy of it, that "the interest on personal loans has been reduced from (8%) to (5%) for employees whose salaries are domiciled with our bank to include all loans granted from (01/07/2022)."
And the bank decided, “to cancel the sponsor’s condition (for permanent owners employees only) for loans of up to (15 million dinars).
And he continued, “As for the loans granted before this date, the remainder of the loan will be calculated according to the currently reduced percentage (5%), while maintaining the condition The sponsor. Ended 29 / h