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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


    Association of Banks: movement to launch the project to activate the lending program in Iraq

    rocky
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    • Post n°1

    Association of Banks: movement to launch the project to activate the lending program in Iraq Empty Association of Banks: movement to launch the project to activate the lending program in Iraq

    Post by rocky Mon Mar 20, 2023 7:58 pm

    [size=45][size=41]Association of Banks: movement to launch the project to activate the lending program in Iraq[/size]
    [You must be registered and logged in to see this link.]two hours ago
    2 minutes    [/size]

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    Today, Monday, the Association of Iraqi Private Banks called for activating the lending program, which includes 6 stages and 10 goals, while indicating work to implement the Central Bank's plan to achieve economic stability, and its initiative contributed to increasing the financing of housing projects.
    The advisor of the Association of Private Banks, Samir Al-Nusairi, said in a speech at a conference on activating lending programs in Iraq, followed by (Al-Oula News): “The Iraqi private banks that provide various banking services in all governorates have proven their ability, sobriety and national stances during the last period, as Iraq suffered From economic crises and challenges and the Corona pandemic, as well as its continuation of daily work and the revitalization of the economic cycle during the economic and security shocks in 2014 as a result of the drop in global oil prices and the fight against the terrorist ISIS.
    He explained, “The drop in oil prices and the economic closure suffered from most countries in the world, including Iraq,” calling on “shareholders, to prepare for this closing conference and activate the lending program in Iraq in order to reach specific and practical recommendations to increase the volume of borrowing in general and increase the share of productive and service projects to the volume of lending.” Developing lending units in private banks, increasing the number of banks participating in a catering platform, and expanding the geographical area of ​​lending to include all governorates.
    He added, “The Association of Iraqi Private Banks and all member banks, which number 70 banks, all of them work under the supervision and instructions of the Central Bank of Iraq to develop and develop the banking sector, which contributed to supporting the national economy and sustainable development through the development and financing of small and medium projects, rehabilitation of youth and creation of an environment Suitable and stimulating for entrepreneurship despite the economic challenges and difficulties that the country is experiencing, in addition to focusing on strict adherence to international standards in compliance systems and rules, combating money laundering, terrorist financing and banking risk management.
    He continued, "The steps of development, in cooperation with the Central Bank and the Association of Iraqi Private Banks, contributed to improving the efficiency of performance in most private banks, as well as training and qualifying banking human resources for the purpose of preparation and preparation for launching the project of the loan activation program in Iraq, which includes 6 stages and 10 goals concentrated in establishing a number From the workshops, in cooperation with the Central Bank, the US Agency for International Development, the General Secretariat of the Council of Ministers responsible for the financing platform, and the Central Bureau of Statistics in the Ministry of Planning.
    He pointed out, "These specialized training workshops aim to build capacities, train credit officers, and prepare the trainees to achieve the goal of the program."
    And he added, “The Association of Iraqi Private Banks and member banks are working to implement the Central Bank’s plan to stimulate the economy, achieve economic stability, and implement its financing initiatives, for which 18 trillion dinars are allocated,” stressing that it “contributed to increasing central financing granted to small, medium and residential projects, in addition to that role.” The active role of the association in urging and following up the participating banks in implementing social initiatives that had a significant impact on achieving the social goal through the Tamkeen Fund.
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