Central Bank prepares to launch loans to private banks at an interest rate of 3%
8/20/2015
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Central Bank equipped beneficiary banks loans which the industrial, agricultural, commercial and also the housing fund and an interest rate of 1% borne by the bank Iraqi Central Bank revealed, on Thursday, for Thaisah loans for industrial, commercial and real estate sectors and the Housing Fund to launch to private banks. A source at the bank who asked not to be named, told the "Qurtas News" that "the central bank equipped beneficiary banks loans which the industrial, agricultural, commercial, and also fund housing and interest rate of 1% borne by the bank," asserting that "these banks will launch loans to citizens in the coming days and an interest rate of up to 3% borne by the citizen. " The source indicated that "those very soft loans will help small and medium entrepreneurs in addition to the completion of their projects Mathtwe of cash facilities," pointing out that "the central bank banks face the need to facilitate the task of the borrowers and take ways to make it work." The Iraqi Central Bank announced July 24 at a ceremony organized by the Association of Iraqi private banks announced the launch of a trillion dinars for private banks to finance the projects, stating that loans were approved instructions regulating the work of guaranteed bank loans companies .


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