Rasheed Bank: raise the value of housing loans to 50 million dinars

2016/6/1 9:40

[Oan- Baghdad]

Government Rasheed Bank, announced the lifting allocated for construction work and housing for citizens of the loan to the value of 50 million dinars.

He attributed the Chairman of the Board of Directors and Director General of the Bank of Mohamed Abdel Wahab, in a statement received by all of Iraq [where] this decision to "reduce the burden on the citizen under the housing crisis exacerbated by population density."

He explained that "the move came after a study of the market and the high cost of construction, where the amount previously awarded 30 million dinars, maximum."

He said Abdul Wahab, said that "the amount granted to the building and an interest rate of 8% for 15 years," noting that "the grants will include the Karkh district provided that no objection Rafidain Bank and their support not received a loan for the building."

He noted the general manager of the Rasheed Bank, said that "previous instructions were included Rusafa only by division between the bank Rafidain and Rasheed."