Central Bank puts the finishing touches to lend to five trillion dinars mechanisms
Central Bank puts the finishing touches to lend to five trillion dinars mechanisms
08/12/2015 16:24
Tomorrow Press / Baghdad announced by the Special Committee responsible for developing lending five trillion dinars mechanisms, David Abdul Zayer, Wednesday, for the finalization of the mechanisms and regulations and the priority of lending five trillion allocated to the banks sector dinars. The head of the National Business Council, David Abdul Zayer , for “tomorrow Press”, “The Status of lending mechanisms within the allotted Central Bank program five trillion dinars Committee completed its work and put the finishing touches on the mechanisms and instructions and priority of lending five trillion allocated to the banks sector dinars.” He added, “our work to develop mechanisms and instructions are flexible and smooth at the same time determined to ensure the safety of public money, “noting that” the five trillion must lend to projects actually contribute to moving the wheel of the local economy. ” He stressed that “the interest rate set at 3% at the request of the government banks managers a satisfactory rate somewhat Lama Delivery of loans dates admittedly procedures established will not take a long time, especially if provided the borrower all loan requirements. ” The Committee consisted of 11 personal, including industrial, agricultural, real estate and housing banks, Rafidain and Rasheed, and a representative of the central bank and other managers as well as David Abdul Zayer, who was representing the voice sector private.
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