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Real Estate Bank unveils new instructions to loans and asserts: presentation


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Real Estate Bank unveils new instructions to loans and asserts: presentation

Post by rocky on Mon 22 Aug 2016, 3:15 pm

[size=48]Real Estate Bank unveils new instructions to loans and asserts: presentation exceeded the credit plan[/size]
21:56:00 8.22.2016| (Voice of Iraq) - Baghdaduncovered the real estate management of the bank, on Monday, for new instructions to ensure theseriousness ofborrowers implementation oftheir commitments, and while suggesting received more than ten thousand demand for loans, confirmed that thepresentation exceeded the credit plan that has been prepared. The general director of the Land Bank Khudair Abbas that " the Council of Ministers issued several instructions on lending tocitizens in order toincrease guarantees to ensure theseriousness of theborrower 'simplementation ofits commitments , " noting that " thebank received ten thousand and onehundred request for a loan , " noting that "these requests need to twenty thousand process of detecting and 50 000 hour check requires considerable time to complete thetransaction and after the loan will be resumed. "Abbas said , " thebank said adding two conditions are vacation construction and guarantor for the loan because of thelarge number ofapplicants and toincrease thefiltering for applicants, "noting that" the bank identified its loan to terms with 20 1,000,030 million to spend and 40 million to thecenter of theprovince and these amounts aresubject to thediscretion of theLand registry. " for its part , director ofcredit department Suhair Abdul Hamid said in aninterview with(long - Presse) that" the sheer number of applicants exceeded Altzlavih plan, which forced us to stop theelectronic form only in theprovinces ofDiwaniya, Kirkuk, Babil "indicating that" themanagement of thebank is trying tocustomize other amounts to meet the needs ofcitizens to obtain housing units. " he said Abdul Hamid said" the Land Bank plan is toprovide valued at834 billion dinars loans , after deducting the share of Anbar and Nineveh , after theliberation of thetwo provinces ,bringing to amount 612 billion dinars ,including need ofinvestment projects ", claim to" increase support for the real Estate Bank and theHousing Fund to meet the needs ofcitizens to overcome all theobstacles in securing loans. " a source in the real Estate Bank revealed, on Sunday (7 August 2016), the Bank 'smanagement decided to suspend the granting ofloans transactions citizens until further notice, while attributing the cause to " alack of liquidity."as he emphasized the bank, on Monday (8 August 2016), to stop theloan transactions will be on atemporary basis until the transaction auditing completely, while pointing to theavailability of cash in the bank, confirmed that thebank has more than 10 thousand treated so far. the real Estate Bank announced, in the (19 July 2016), that there aremechanisms adopted by thebank for thedisbursement of the loan for citizens up to 50 million dinars, and among the interest on the loan amount 3% and theduration of up to 10 years without a sponsor and vacation building, stressed convert any employees paid bribes of citizens to justice and the abolition of the entire treatment of the loan. the real Estate Bank of Iraq a State - owned banks, was founded in Baghdad in 1948, and has a number of branches in thecapital and theprovinces , and thereal Estate Bank role in theimportant advancement ofcivilization and urbanization of thecountry andsolving thehousing crisis, it is the only party responsible for thesupport of thecitizens and theirlending to theconstruction oftheir own residential role ofsoft interest and achieve a stable policy in stimulating thephysical movement in the country. [You must be registered and logged in to see this link.]


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