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[rtl]Central Bank: The housing fund loan initiative has not stopped[/rtl]
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[rtl]Baghdad - Iraq today:
The Central Bank clarified the reasons for delaying the financing of the Housing Fund, while confirming that the loan initiative did not stop.[/rtl]
[rtl]The bank's deputy governor, Ammar Hamad Khalaf, told the official news agency, "The central bank's initiative for the housing fund has not stopped, but there are procedures within the central bank that caused delays in funding the fund."[/rtl]
[rtl]He 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."[/rtl]
[rtl]The Housing Fund announced, earlier, the suspension of lending within the Central Bank's initiative due to the depletion of allocation and the failure to allocate other amounts within the initiative, which forced the Fund to lend from within its own resources.[/rtl]
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