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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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    Al-Nusairi: 426,000 beneficiaries of the Central Bank's initiatives

    Rocky
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    Al-Nusairi: 426,000 beneficiaries of the Central Bank's initiatives Empty Al-Nusairi: 426,000 beneficiaries of the Central Bank's initiatives

    Post by Rocky Wed 18 Jan 2023, 5:43 am

    Al-Nusairi: 426,000 beneficiaries of the Central Bank's initiatives

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    Economy News-Baghdad
    Today, Wednesday, the economic and banking advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, praised the results achieved by the Central Bank's lending initiatives amounting to 18 trillion dinars.
    Al-Nusairi said, "The official data for the year 2022 indicate that the beneficiaries of the initiatives amounted to about 426,000 citizens, and that the total amounts that were lent out of the total allocation amounted to 11.5 trillion dinars, with an implementation rate of 63%, at the total level, of which the allocations for revitalizing the housing sector constitute 8. 6 trillion dinars, with an implementation rate of 86% for the Real Estate Bank and 78% for the Housing Fund, to encourage citizens to buy housing units or establish residential properties in residential complexes and cities, up to 150,000 housing units.
    Al-Nusairi stressed that "the loans granted by private banks constitute 62% of the allocation to them from the Central Bank of 4 trillion dinars, in addition to allocating another 4 trillion dinars to specialized government banks such as the Industrial and Agricultural Bank, financing large projects and to renewable energy projects," explaining that "the total loans granted For all sectors except housing, it contributed to the operation of 60,000 small, medium and large projects, and the employment of more than 271,000 unemployed beneficiaries in these funded projects, including graduates, craftsmen and citizens.
     He explained, "The remaining amounts of the 18 trillion dinars, amounting to approximately 6.5 trillion dinars, will be granted this year 2023 to finance small and medium-sized agricultural, industrial, housing, commercial, health and tourism projects and for all economic sectors. It is expected to increase in light of the need to revitalize the economic cycle and stimulate the national economy."

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    Added 01/18/2023 - 11:25 AM
    Updated 01/18/2023 - 2:42 PM
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