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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

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Private banks finance 150 thousand housing projects and thousands of small and medium projects

rocky
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Private banks finance 150 thousand housing projects and thousands of small and medium projects Empty Private banks finance 150 thousand housing projects and thousands of small and medium projects

Post by rocky Fri 23 Sep 2022, 7:09 am

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Baghdad - INA - Mustafa Al-Hashemi
, the Association of Iraqi Private Banks, today, Friday, counted the projects loaned and financed by it and the amounts of the initiatives of the Central Bank during 7 years.
The association's economic and banking advisor, Samir Al-Nusairi, told the Iraqi News Agency (INA), that "government and private banks loaned about 26,052 small and medium projects, and operated 60 thousand unemployed people and 150 thousand housing projects until 30/6/2022, according to official data of the Central Bank. Iraqi," noting that "these projects are agricultural, industrial, commercial, service and housing."
Al-Nusairi added, "The total amount of initiatives launched by the Central Bank from 2016 to 2022 amounted to about 18 trillion dinars, and the total amounts of loans disbursed amounted to (9.5) trillion dinars, and the percentage of loans granted out of the total allocated is 53 percent."
He continued: "These initiatives have contributed to stimulating the economy and revitalizing the economic cycle, as they constituted more than 30 percent of the total monetary credit granted to the private sector, more than 8 percent of GDP, 17 percent of total private sector deposits, and 18.4 percent of total private sector deposits. Actual investment spending The initiative has been implemented through 50 banks, in addition to allocating more than one billion dinars in lending and reaching a ceiling of 20 billion dinars for each major project that contributes to development.
He pointed out that "
He stressed, "The Central Bank launched a new initiative to finance renewable energy projects, allocating an amount of 1 trillion dinars to it in support of the electricity sector. It also launched an initiative to lend employees whose salaries are domiciled in banks, whose salaries are less than one million dinars, an amount of 15 million dinars without a sponsor, without interest, and with a commission of 4%." It is fixed for one time only, and he also issued new instructions to reduce all the interests of small and medium-sized projects loans and in the manner of diminishing interests for the purpose of supporting these projects, and housing loans were included without interest and with a commission for one time only.

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    Current date/time is Fri 02 Dec 2022, 7:48 pm