Rasheed Bank declares its readiness to finance investment projects, residential
Rasheed Bank declares its readiness to finance investment projects, residential
15.02.2014 (0:01 pm)
Najaf / Acer Ali
Administration announced the Rasheed Bank, willingness project finance residential investment through soft loans of up to 15 years, an interest rate of seven percent per month, expressed as investors Anajafion welcomed this initiative, Adin them a positive step, confirmed the investment committee in maintaining its intention to withdraw 20 investment license from the beneficiaries because of Tlkahm at work.
The general manager of the Rasheed Bank in Iraq, Kazem Nacho during the signing ceremony of a contract to finance the project Betty residential investment, north of Najaf and attended (range Press), “The management of the bank decided to finance these projects in order to provide opportunities for employees who wish to obtain housing units by paying monthly installments of their salaries, provided that register on one of these complexes and pledge to pay the monthly premium. ”
He Nacho “The mechanism of action is lending beneficiary amount determined by the owner of the project after the payment of the deposit and then pay off that loan over 15 years at an interest rate of seven percent,” adding that “in the past Okarzna tens of thousands of employees within the advance percent salary, but to no avail, because we did not agree on the purchase of residential units. ”
The director of the residential complex Betty investment Saad El-Shafei said in an interview to the (long-Presse), “The facilities provided by the Rasheed Bank is much better than previous offerings being accounted for a smaller proportion, as well as loans with the bank remain over 15 years.”
The Shafi’i that “this initiative will increase the demand of citizens to buy residential units to ensure the monthly salary and spur investors to build more units,” noting that “the percentage of completion of the complex reached 80% and our first meal delivery in March next.”
In turn, said President of the Investment Committee in the province of Najaf charm Fatlawi in an interview to the (long-Presse), “The investment sector in general will achieve a high success rate if part of the banking sector in financing investment projects.”
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