Bank of the North complain about the pressures of citizens in the process of selling the dollar

Bank of the North complain about the pressures of citizens in the process of selling the dollar


11/05/2013



BAGHDAD / JD / .. North Bank revealed due to pressure from citizens who want to buy the dollar, stressing that its capital amounted to 470 billion dinars.

The adviser said the North Bank wholesome Elias told / JD /: that the process of selling the dollar has become very difficult because of the pressures of citizens who wish to buy, noting that there is a share of the weekly dollar distributed by the central bank to banks, which in turn distribute it and sell it to the citizens.

He added: I do not know so far, the fate of these amounts purchased from the dollar, expecting that the aim of this method is practiced by the central bank aims to increase the width of this up and so reduce currency exchange rates.

He continued: bank capital according to the annual report at 30.12.2012 reached 443 billion dinars, and after five months, and we got to about 470 billion dinars or more in relation to credit facilities monetary Almnouh to the citizen, either credit Altahdah up to 900 billion dinars .

The North Bank announced a reduced proportion of the benefits and savings deposits to 5%, stressing that he does not hesitate to provide credit facilities to all commercial and industrial projects and agricultural development.

The adviser said the North Bank wholesome Elias in an earlier statement to Agence / JD /: been reduced rate of interest on savings deposits to 5% after it was 7%, and in the case of a rate cut when there is a special issue فتجري negotiations for each case individually.

He explained: Sometimes there is a special request for a charitable project or a humanitarian issue, and this is taken into account in the decisions of the Board of Directors to reduce interest rates on loans.

He continued: that the bank does not hesitate to provide credit facilities for all stakeholders whether the project is commercial, industrial or agricultural, on condition provides for the granting of loan guarantees and reassuring to restore amounts on maturity.

He revealed Elias that the bank contributed lined channel army, and the establishment of refinery oil in Kurdistan, and projects for the benefit threshold Husseiniya, Abbasid, in addition to rehabilitate large hotels in Baghdad, the construction of residential complexes in Diyala, Dhi Qar and funding pharmaceutical factory in Baghdad, the financing of housing complexes in Sulaymaniyah.

It is noteworthy that the North Bank, founded in 2004, starting with a capital of two billion five hundred million dinars, but it has achieved in recent years to increase recurring. / End / Haidar Ghalib /



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