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[size=30]The Central Bank denies stopping the loan initiative for the Housing Fund and explains
[ltr]2023.04.08 - 12:18[/ltr]
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[ltr]2023.04.08 - 12:18[/ltr]
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Baghdad - Nas
On Saturday, the Central Bank clarified the reasons for delaying the financing of the housing fund, while stressing that the loan initiative did not stop.
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The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in a statement to the official agency, followed by "NAS", (April 8, 2023), that "the initiative of the Central Bank of the Housing Fund has not stopped, but there are measures within the Central Bank that caused delays in funding the fund."
Khalaf added, "The Fund's announcement that the allocation has run out and that it has not allocated other amounts within the initiative came due to the increasing demand for housing loans."
The Housing Fund announced earlier that it had stopped lending within the Central Bank's initiative due to the exhaustion of allocations and the failure to allocate other amounts within the initiative, which forced the Fund to lend from within its own resources.
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