CBI lends banks 23 Trillion to support small & medium business 8/26
The Central Bank lends to banks 23 trillion dinars to support small and medium-sized enterprises By: wab1
Date: Wednesday, 26-08-15 01:32 am
Baghdad: Baghdad news
Iraqi economists society, announced the Central Bank grants
Financial loan of 23 private banks with $ 1 trillion dinars to support small and medium-sized enterprises in the country. "
Vice President of the Assembly on behalf of Jamil/JD/: "the Central Bank earmarked one trillion dinars to support small and medium-sized enterprises in the country", noting that "this amount will be granted for private banks as loan 23".
He said banks wishing to receive this and grant loans to industrialists fetches feasibility studies for projects and guarantees and go to the Central Bank to get the amount as submitted from loans. "
He noted that "this project will support the private industrial sector and reduce the unemployment rate and also reduce imports of consumer goods."