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Dry billion US private sector investment loans
6/2/2016 0:00
[rtl] BAGHDAD - Hussein Tgb
total investment loans provided by the Trade Bank of Iraq to implement strategic projects in all governorates, up to one billion dollars, while the bank made a profit of 544 billion dinars in 2015. This was
announced by »Sabah» Director General of the Trade Bank of Iraq Hamdiya dry, she said that « the bank lent a number of local companies from the private sector to create real projects list in the provinces of Najaf, Karbala, Maysan, Wasit, Babil, Basra, Muthanna, Kirkuk, Sulaimaniya and Arbil». project loans revealed dry that «Total strategic projects loans stood up to one billion dollars and represented the establishment of cement projects and tourist hotels in Karbala and Najaf coefficient, as the share of theprovince of Karbala alone of these loans stood at 26 billion dinars ». She explained that« most of the borrowers fulfilled their obligations that contributed to encourage the bank to continue lending », pointing out that« the bank is ensuring that its loans by more than 130 percent of the value of loans ». She noted in her speech that« TBI law authorizing him to exercise investment activities as commercial and government banks ». a factconfirmed that the bank loans made economic sense for both sides to lenders and borrowers, and hinted at the possibility of see these projects on the ground real projects list and not a fake, saying possibility had and stand on its implementation, calling forregulators to check the projects on the ground without relying on statements from here and there to make sure they really are . financial crisis Dry effects of the financial crisis ,did not deny the bank including make it suffers from the performance of some customers, as it contributed to the crisis to weaken their commitments to fulfilling theloans , which are few due to the financial crisis. They pointed to «continue to bank its activities in central and especially Karbala, as has recently been meeting with thegovernor and the Karbala Chamber of Commerce to activate cooperation in the coming investments that could be expanded with abiding borrowers repay on schedule ».international loan and drew dry out that« the profits made by the bank, amounting to 544 billion dinars are net profit, and contributed to strengthen the bank 's ability to exercise various credit activities except that government bank specializing obligations ofcommercial State » . Asked about the importance of the international loan granted by theworld Bank of Iraq, Dry said: «need is called for because the resort Iraq to external borrowing», usually it the opportunity to expand the credit ability of Iraq by the countries of the world , which will take the initiative to support the development and reform programs.[/rtl]
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