Bank of Mesopotamia: the inclusion of employees of the defense, interior and retirees loans

[yota691]

Mesopotamia Bank: Central Bank loans lagging behind

By Roudao 43 minutes ago

Islamic Mesopotamia bank manager, Munther Abdel Hussein

Roudao - Baghdad , 

said the Islamic Bank of Mesopotamia, Munther Abdel Hussein manager, that the central bank loans lagging behind because of the complex conditions laid down by the front of the private banks. 

She said Abdul Hussein network Roudao media that "the impossible conditions that the central bank puts it in front of private banks hinder our work widely." Adding that " the central bank loans lagging behind because of the complex conditions laid down by the front of the private banks." 

He said: "The citizen is unable to meet all the conditions and regulations set by the central bank." 

Abdul - Hussein pointed out that the State - owned banks have a multi - pronged lending system within the agricultural, industrial, housing and commercial sectors, which cover about 90 percent of the volume of bank lending , while only covered by private banks 1 percent. " 

He called Mesopotamia Islamic Bank director of the central bank to re - assessment of the domestic banks policy because Iraq in the case of unemployment, poverty and the need for reconstruction must therefore provide support to domestic banks. "

[yota691]

Bank of Mesopotamia: the inclusion of employees of the defense, interior and retirees loans

economy

 Since 03.25.2017 at 09:34 (Baghdad time)

Baghdad balances News

Said Director General of Mesopotamia Islamic Bank, Ministry of Finance's Abdul Hussein Ali Mundhiri, the allocation of 70 billion dinars for the plan of financing and investment lending for the current year 2017, with the inclusion of all segments of Iraqi society and assured them employees of the Defense, Interior and retired the process of lending.

And Mundhiri said, "The bank allocated 70 billion dinars to plan financing and investment lending for the current year 2017 after approval by the Bank's management board and the endorsement of the Ministry of Finance upon for the purpose of lending of all segments of Iraqi society, including citizens and employees, retirees and employees of the defense and interior for the purchase of residential buildings and cars and set up small and medium enterprises." noting that "the bank allocated 30 billion dinars for Murabaha cars and $ 20 billion dinars for Murabaha real estate and two billion dinars to finance small and medium projects and the amount of 12 billion dinars to finance large projects and the amount of four billion dinars to finance projects in a way a To Istisnaa and the amount of two billion dinars for auction currency (dollar). "According to him Masrah site / KD /

 

He Mundhiri, "The bank distributed the amount of financing and investment lending plan for this year on the branches of four of the main branch and the branch of al-Jihad neighborhood in Baghdad and the branch of peace in Najaf province and branch Faraaheedi in Basra province," noting that "the bank select ceiling lending Murabaha to buy homes at a higher to 150 million dinars and by Murabaha 38% and the duration of the payment of 10 years in select Murabaha small and large projects loan maximum to 100 million dinars and the duration of the payment of three years with Select Murabaha loan to buy cars maximum to 30 million dinars and the duration of the payment of four years and by Murabaha up to 24%. "

It Mundhiri "The bank intends this year to establish an investment fund contributes to the financing Istisna'a projects and this is done by withdrawing cash from citizens who wish to process deposit to the fund at an interest rate of up to 4%. Noting that the bank began to examine the paragraphs of the establishment of investment funds and the issuance of instruments Islamic by the Iraqi Central Bank's approval. "

 

"The establishment of this investment fund will contribute to the financing of large projects for the sectors of housing, transport, education .msheera that the bank is preparing to set up a contract for this investment Islamist projects as required by Islamic law," stressing that "the bank received offers from a number of companies for the purpose of financing the investment projects which under consideration".

He explained that "the lending process at the present time is an important and much needed and necessary for government banks and community banks paying attention to the social side of its business through social march to the work of banks through Mlahoudtha and monitoring needs of the community for loans, whether in the form of consumer Awalchukl investment as a result of the deteriorating economic situation in the country and low salaries compared to an increase the needs of citizens for the funds as well as the Iraqi market suffers from a shortage of liquidity. "

 He called Director General of the Islamic Mesopotamia Bank government banks to "provide liquidity to the process of lending for the purpose of activating the various economic sectors and the owners of small and medium enterprises being will contribute to improving the economic situation in the country and help the unemployed to take advantage of these loans granted by banks to address the difficulties they face in their social and The lending process constitutes bring revenue and profit factor to banks unable to cover its cost of salaries and operating expenses, ".anthy 29 / d 24

[ChuckFinley]

Thanks Yota.

[nannab]

Good morning Yota, DV