Economist: industrial loans will launch next week an interest rate of 4%

10/29/2015 13:34 pm (Baghdad time)

Special - scales News
Stressed the economic expert Abdul Hassan al-Shammari, Thursday, industrial loans that will be launched next week and will be on three types, indicating that the loans will be interest rate of 4% is divided on three sides.

Al-Shammari said L / scales News /, "The agricultural loans was launched, but the industrial sector loans are still hobbled by the Industrial Bank, because the granting of disputed loans mechanism," pointing out that "yesterday held a meeting in the Iraqi Federation of Industries in the presence of a member of the Finance Committee Haitham al-Jubouri, was agreed on a mechanism for the granting of loans to the industrial sector. "

"The new mechanism will be brought to either the body or advisers to the Iraqi Central Bank for approval and the approval of the Industrial Bank in order to start granting loans," noting that "the mechanism giving them one week to begin the launch of these loans."

He pointed out that "industrial loans are divided into three Makeup loans, loans to small industrial projects, medium-sized industries, large industries," explaining that "the small industries will be the loan of five million dinars value to 500 million dinars, either medium industries will be the value of the loan of 500 million to three billion dinars, while the large loans are of three billion dinars to 20 billion dinars. "

Shammari said that "the benefits that Ststhsal of loans, by 4%, divided between the Central Bank, Industrial Bank, and corporate guarantors for loans" ./ ended 29 n / 10