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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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    An Iraqi bank announces financing small and medium projects with Dutch support

    Rocky
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    An Iraqi bank announces financing small and medium projects with Dutch support Empty An Iraqi bank announces financing small and medium projects with Dutch support

    Post by Rocky Sun 03 Dec 2023, 7:32 am

    An Iraqi bank announces financing small and medium projects with Dutch support



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    2023-12-03 00:54
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    Shafaq News/ The National Bank of Iraq announced, on Sunday, its success in financing more than 23 projects for small and medium-sized companies in Iraq worth 340 million Iraqi dinars, explaining that this comes within the “Horizons for Entrepreneurship” initiative launched by the International Labor Organization and the Central Bank of Iraq with the support of the government. Netherlands, while specifying the financing conditions. 
    The Executive Director of the National Bank of Iraq, Ayman Abu Dhaim, said in a press statement received by Shafaq News Agency, “By providing this financing, we seek to support small and medium enterprises in Iraq, enhance financial inclusion for youth and small and medium enterprise owners, and provide the necessary financial services that help them in Establishing and developing their own businesses, and confronting other barriers in the business environment.”
    Abu Dhaim added, “Through this initiative, we aim to contribute to achieving economic and social development in Iraq, create new job opportunities, and enhance youth participation in the labor market. Realizing that financing is one of the most important factors that help in the success of small and medium enterprises, we are committed to providing Financial and logistical support for these projects to ensure their success.”
    The initiative, Abu Dhaim, stipulates that the project must be owned and managed by an individual or displaced Iraqi individuals or members of host communities (women and men), and that the project must not be less than six months old for emerging projects for young people (young men and women) who wish to start their projects, and that the project idea must be serious and clear with support. With an economic feasibility study and a feasible business plan, it must be under establishment and the project must not be more than six months old.
    The initiative, in which the National Bank of Iraq is participating, aims to support young people and owners of small and medium enterprises in Iraq by providing financial financing, technical support, and training. The projects that were funded within the framework of the initiative included the agricultural, industrial/productivity sectors, and new and non-duplicated digital, service, or commercial technology. .
    According to a statement issued by [You must be registered and logged in to see this link.] management, the National Bank of Iraq today tops the list of banks operating in the Iraqi banking market, in terms of total assets that approached 2.8 billion dollars, supported by a growth in customer deposits of about 91%, while the bank has a growing customer base that today has reached about 200 thousand customers. They are served by more than 1,000 employees, 27 branches and 200 ATMs.

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