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[size=36]The Iraqi Central Bank’s housing lending initiatives amount to 11 trillion dinars[/size]
Economy | 07:52 - 05/25/2024
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Baghdad - Mawazine News
The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced today, Saturday, that the bank’s housing lending initiatives have reached about 11 trillion dinars.
Al-Alaq stated in a statement received by Mawazine News, that “there is an urgent need today to stimulate and diversify the Iraqi economy,” stressing that “the Central Bank of Iraq’s housing lending initiatives that it launched through the Real Estate Bank and the Iraqi Housing Fund have reached about (11) trillion dinars.”
Al-Alaq stressed the need to expand the financial inclusion base in Iraqi society, especially expanding the activities of small and medium-sized companies, which are the backbone of the economy, pointing out that “employing the workforce is a matter of interest and focus for the Central Bank and the continuation of its initiatives for small and medium-sized enterprises, which will culminate in the launch of the supported Riyada Bank.” By the Central Bank of Iraq and with the contribution of private banks.
He stated, “Developing and implementing the national lending strategy for the years 2024-2029 requires cooperation between a wide number of relevant parties and shared interests, to achieve the desired goal.”
The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced today, Saturday, that the bank’s housing lending initiatives have reached about 11 trillion dinars.
Al-Alaq stated in a statement received by Mawazine News, that “there is an urgent need today to stimulate and diversify the Iraqi economy,” stressing that “the Central Bank of Iraq’s housing lending initiatives that it launched through the Real Estate Bank and the Iraqi Housing Fund have reached about (11) trillion dinars.”
Al-Alaq stressed the need to expand the financial inclusion base in Iraqi society, especially expanding the activities of small and medium-sized companies, which are the backbone of the economy, pointing out that “employing the workforce is a matter of interest and focus for the Central Bank and the continuation of its initiatives for small and medium-sized enterprises, which will culminate in the launch of the supported Riyada Bank.” By the Central Bank of Iraq and with the contribution of private banks.
He stated, “Developing and implementing the national lending strategy for the years 2024-2029 requires cooperation between a wide number of relevant parties and shared interests, to achieve the desired goal.”
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