The Iraqi Trade Bank reveals the details of the loan “trillion “ dinars
The Iraqi Trade Bank reveals the details of the loan “trillion “ dinars
The head of the Iraqi Trade Bank and Chairman of the Board of Directors Faisal Al-Hims revealed on Wednesday the details of the loan granted by the bank to the General Company for Cereal Trade in the Ministry of Commerce, noting that the bank is about 106 billion dinars of its profits to the state treasury.
"The bank gave the General Company for grain trade, one trillion Iraqi dinars for the purpose of paying the dues of the farmers for the year 2019," he said in an exclusive interview with Baghdad today.
He added that "this loan supports the government directions that aim to support the agricultural sector in Iraq and encourage him to work continuously in order to support the national product to be a main provider of the Iraqi market," adding that "this step comes as part of the steps of the bank in support of state institutions as one of the most important pillars of financial and economic in the country".
He pointed out that "this money will contribute to encourage the farmers, in the preparations for the next season with high production and high quality," pointing out that "the bank has been to finance a lot of government activities, but this loan is the largest."
He pointed out that "the bank will have an active role in supporting Iraqi investors and foreigners, wishing to invest in the country," stressing that "the bank has a large financial base in the country."
"The loan is added to the series of achievements, the first of which was the opening of the first branch of the bank in Saudi Arabia, in addition to the transfer of half of the profits of the bank for 2018 to the treasury of the state, which amounted to 106 billion dinars."
"The Ministry of Commerce will take over the loan, and the bank will monitor the money," Hazem said.
She pointed out that "the loan will include all farmers, even in the Kurdistan region," asserting that "will generate confidence between the government and farmers."
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