RACING: Private sector drive economic development and the government to launch its facilities

[yota691]

13-06-2017 11:26 AM

Rafidain: loans 15 million dinars include professions and shop owners

 

 

 

Rafidain Bank confirmed that the loans of 15 million dinars , including citizens of professionals, craftsmen and small traders and shop owners. 

He said the media office of the bank, the 'Bank and within its policy aimed at diversifying the services provided by him decided to grant loans of 15 million dinars , or 10 thousand dollars [more than 12 million dinars for the citizens'. 

He pointed out that 'this step comes in order to finance various projects and to reduce unemployment and employment and operation of small enterprises'.

[yota691]

13/06/2017 (00:01 pm)   -   Number of readings: 423   -   Issue (3948)

 

 

Citizens: government banks circumvent controls on lending

 Baghdad / Ahmed Hamid 
 

Citizens complained and several employees in the government sector, on Monday, the banks in charge of granting government loans to "circumvent" the controls and "blocking" granted, pointing to the existence of a lot of complications that prevent the achievement of their dreams of obtaining housing units. The experts confirmed the lack of bankers right decision to merge the departments of banks employees and others in the "bank borrowing box." 
In the meantime, the Parliamentary Finance Committee, announced its intention to call the general directors of government banks to see the "imbalance and self - contained" in the performance, expressing their sense of "embarrassment to citizens" because of the confusion is clear in the work of these banks.   
Says Hussam Abbas (range), said that " in charge of banks to grant loans circumvent clearly on the specific controls and hinder them and submit their interests to the public interest , " noting that " the subject of borrowing is going very slowly and suffers tripping although we daily hear updates on the conditions of banks announces through the media. " 
Abbas pointed out that " the projects put forward by government banks loans, can make a quantum leap contribute to reducing the very high unemployment in the country if it goes about true , " but he also said , "But that requires decoding puzzles and question marks currently tainted and hinder the granting or slow pace, despite the cabinet approval. " 
 He expressed surprise at the "change the instructions for the granting of financial loans several times over the past week , " and wondered "when the concerned authorities settle on a final version of loans and begin by giving beneficiaries." 
For his part , complained about the employee at the Ministry of Youth and Sports, Mustafa Adel in an interview to (range) of the "complex procedures and conditions that make it impossible for young people to obtain a government loan to realize their dream of buying housing units." Furthermore, the description banking expert Majid picture merging staff and others in the banking borrowing the "big mistake" by government banks departments, box and says the picture (range), " The employee has several advantages, including salary and some great potential or medium, and experience has shown some banks gave loans to senior government officials and large amounts of money without a real pay. " He promised to mock the government 's policy in granting loans to citizens "facilitate intervention in their affairs box", but he also said , "but the government employee is non - citizen crowd employee on that issue." Rafidain Bank decided on 19 March last, granting financial loans to support staff and citizens to purchase housing units in investment projects that are completed by the National Investment Authority, announced the Rafidain Bank, modify the conditions and controls the granting of loans announced by the bank last March. In turn, the Finance Committee in the House of Representatives described, this constant change in the terms of borrowing and instructions to "confusion and lack of clear vision" of the financial policy of the departments of government banks. 
According to committee member Magda Tamimi (range), " The fact that I noticed the performance of government banks and managers, and found many of them performance is not good," and attached Tamimi on the complexities that accompany the borrowing process, saying , "I see new instructions on loans and conditions, and after two or three conditions change , and then subsequent conditions appear, so the process of replacing the conditions in daily shows floundering banks in those departments and the lack of a clear vision of their operation, which led to confusion citizens seeking to bank borrowing. " And on the seriousness of government banks, lending to citizens or not, considered Tamimi that "it 's not in the interest of the ordinary citizen, as much as is in favor of those banks that seek to advertising marketing itself, by changing its instructions periodically , " indicating that " the Finance Committee itself has become an embarrassing situation in front of the citizen seeking to borrow as a result of daily changes in these banks application forms. "   
They member of the Finance Parliamentary saying "we have seen as a regulator and the presence of persons are granted loans outside we obviously the controls in banks, indicating the presence of a large administrative corruption in the work of management, in accordance with the principle of nepotism and clientelism , " asking the prime minister to "address this issue to the fullest" , noting that "the Finance Committee to raise a lot of reports to the integrity Commission in connection with the rampant corruption in many government banks." Tamimi stressed that " the Finance Committee in the House of Representatives, will work after the month of Ramadan, the general managers of these banks call, to learn and self - contained bugs in their performance and what their plans in the banking business management", stressing " the importance of resolving this issue so that others can learn a lesson when they find effective control on their work. " The voice of the Council of Ministers, during its meeting on 30 May, the lifting of the requirement of the sponsor clause granting special project loans Basmajh exclusively, mortgage and housing unit for banks (Rafidain and Rasheed, and the Commercial Bank). 
Rafidain Bank announced on 31 May, rejected the instructions issued by the Iraqi Council of Ministers concerning the abolition of the sponsor of the Basmajh complex loan procedures. 
And on it, attached a banking expert Majid picture, that "for there must be a separation between capital and bank management , " noting that " the bank know the conditions placed in front of the borrower, and if the Council of Ministers undertakes to bail and to provide guarantees for banks, this is another issue, because the process of lifting the guarantee and the sponsor is done by the investment Authority , through which banks implement the decision. " 
Indicates the picture that "the right of government banks rejected the Cabinet 's decision, and in the case of approval requires the government guarantee the rights of depositors in banks, to assume the subordination of the decision," noting that " the lack of a borrower for a guarantor, the bank exposed to the risk of non - payment amount that was borrowed , and here it is the guarantor? ".

[yota691]

Rafidain loans move the economy

6/14/2017 0:00    Contribute to the reduction of poverty and absorb unemployment BAGHDAD / Shokran Fatlawi  The loans granted by banks and one of the citizens among the proposed tools to combat poverty and absorb unemployment and income generation. Rafidain Bank is preparing to grant loans estimated at 15 million dinars , or ten thousand dollars for the owners of small and medium - sized enterprises, in a move it to contribute to increased economic activity and increase employment opportunities.  World Bank   economist Dr. Ahmed Abrihi said in his speech to the "morning": that the loans granted to projects an important factor and easy to contribute to increasing the effectiveness and the financing of small and medium - sized enterprises compared to large projects, which require complex requirements and techniques in the capital of individuals can not see them.  He noted that many institutions such as the World Bank and UNDP United Nations work on this kind of project, as well as the central bank , which suggested trillion dinars for the financing of small and medium - sized enterprises earlier. Loans are two aspects of its part , said economic expert Dr. Salam Sumaisem in her "morning" that loans both sides, positive and negative. Either positive helps create jobs and move the economy by increasing the productive base of the hand , and by increasing the income - generating Income Generation process, which leads to an increase of effective demand Effective Demand, thus reducing unemployment and increasing employment size,  and indicated Sumaisem to what the negative side, that increase the amount of cash that will be pumped into circulation any increase in consumption with increased cash flow will form the downside of loans which leads directly to increased inflationary pressure on the economy and thus generate movement in higher prices and lower real value of the currency Maaather in the rightful value Yeh to enter the citizens and especially the poor and middle classes. Lack of opportunities referred to as the Rafidain Bank, announced granting loans to citizens and owners of small businesses dinar and the US dollar, which is in line with the bank 's policy aimed at diversifying the services provided by him in support of the economy  of the national in the financing of various projects and to reduce unemployment and employment. " Citizens have indicated the importance of loans in the availability of employment opportunities in light of the lack of such opportunities in finding a government job, for the purpose of providing their income through small projects do not require a large Rosmala, where the individual starts thinking about the project contributes to raising the social level if slightly , according to citizens. citizen Kazim p Must God, out of work, he said: If I got my Ofer for myself the loan and my family business opportunity as long as you Atmanaha, where the loan is as a quantum leap in my life, and I call through you all banking institutions to support young people by activating the granting of soft loans to prevent aggravation of unemployment as well as to push the economy forward , especially we pass through a severe financial crisis. Going back to the small definition of loans are the amount of simple, subject to the ratio  of a particular benefit is granted usually to individuals who do not have the opportunities for income-generating, for the financing of small Mcharaam to reduce poverty or minimize it .

[yota691]

Rafidain Bank adopts a unified national card instead of Iraqi nationality certificate

14-06-2017 01:00 PM

Hits: 889

 

Baghdad News -

 

 

Rafidain Bank announced on Wednesday, opening a savings account and current citizens dinar and the dollar. 

The Information Office of the Bank said in a statement, the bank said the unified national card adopted a substitute for Iraqi nationality certificate and the identity of the Civil Status and card housing. 

The statement, that in the absence of a unified card in the required documents for the account opening process , it depends identity card or passport (exclusively) and the card housing or housing support. 

He called on bank branches in Baghdad and the provinces not to provide citizens with instruments only after the book of access to the health of the breasts of the identity of any case with the exception of the national card.

[yota691]

Iraq announces open a savings account and a neighbor to the citizens of the single card depends mainly its

economy

 Since 14/06/2017 10:26 pm (Baghdad time)

Baghdad balances News

Rafidain Bank, announced Wednesday, to open a savings account and a neighbor to the citizens of the single card depends basis.

The Information Office of the Bank said in a statement received / scales News / copy of it, "the bank a substitute for Iraqi citizenship certificate and the identity of the Civil Status and card housing a unified national card" was adopted.

The office, he "said in the absence of a unified card in the required documents for the account opening process, it depends identity card or passport card exclusively housing or housing support."

He called the bank "branches in Baghdad and the provinces not to provide citizens with instruments only after the book of access to the health of the breasts of the identity of cases, with the exception of the national card" .anthy 29 / A 43

[yota691]

The arrest of an individual within a network to steal the salaries of retirees

Number of readers: 102

 

 

The arrest of an individual within a network to steal the salaries of retirees

 

14-06-2017 03:46 PM

 

Euphrates -

 

Public Pension Authority today announced the arrest of an individual within a network is a gang to steal the salaries of retirees. 

The authority said in a statement that it and in coordination with internal intelligence detachments arrested a network of individuals dishonored forging identities of pensions and smart cards in order to steal the salaries of retirees. Adding that he was handed over to the competent security authorities, without mentioning the name of the place , which has been captured.

[yota691]

Iraq announces activation of advances for staff and publish their own controls

 

Wednesday June 14, 2017 11:24

 

 

 

Alsumaria News / Baghdad announced Rafidain Bank , Wednesday, activating the advances of staff, and the controls for these advances, noting that the priority of those who carry the smart card.  The bank said in a statement received Alsumaria News that he "decided to activate the advances of staff from non dilatory government departments to pay," on condition that "a student advance has a service not less than one year."  The following conditions and controls for staff advances:

[SnowGlobe7]

are they talking about the q card Yota?

[DinarThug]

CNN. Broadcasting While These Boobs Try To Access The Breasts !

 

 

(by don961)

Iraq opens provide citizens in dinars and the dollar account

4 hours ago economy 109 Visit

 

Rafidain Bank announced on Wednesday, opening a neighbor to provide citizens dinar and the dollar account.

The media office of the bank said in a statement, said that "the bank a substitute for Iraqi citizenship certificate and the identity of the civil status card housing a unified national card" was adopted.

The statement added that "in the absence of a unified card in the required documents for the account opening process, it adopts the identity of the civil status or passport (exclusively) and the card housing or housing support."

He called on "Bank branches in Baghdad and the provinces not to provide citizens with instruments only after the book of access to the health of the breasts of the identity of the civil status with the exception of the national card."

 

http://waradana.net/link

 

[Man_Kind]

Nothing wrong with healthy breast.  I'm serious

It's the same thing as having healthy Thug nuts I'm sure.

[steveh12]

COOL 

[yota691]

15-06-2017 11:43 AM

Rashid decides to reconsider the granting of an advance 10 salaries and why ??

 

 

 

Rasheed Bank, decided on Thursday to reconsider the granting of an advance 10 salaries, calling on government departments to the payment and liquidation of what Bzmtha to be included grants its affiliates. 

The bank said it 'decided to reconsider the granting of an advance 10 nominal salaries for departments initiated to pay the Bzmtha of previous debts as a result of the granting of its members advance 10.0001 million salary.' 

He called on the rest of the circles to speed up repayment and filter what Bzmtha to be included grants its members'.

[blueskyline]

http://fk-news.com/69031-الرشيد يباشرة بتوزيع رواتب المتقاعدين.html.....

Rashid carried on the distribution of pensions

Section: Economic News Visits: 12281 Published on: Yesterday, 20:15

 
He retired Director of the Department of Basra Basil Alaidani on Thursday that the Rasheed Bank began distributing the salaries of retirees while still Rafidain Bank suffers from a lack of the necessary distribution of the salaries of financial liquidity. "
He said in an interview Alaidani I followed Bourne: "The next few days will witness the end of the Rafidain Bank and the problem of direct distribution similar to Rasheed Bank Almqaeidin salaries."
Calling on "all retirees who have not made them smart card (Key Card) to review the banks Asthsalha Mstsahban Muamm archives and documents."

[ChuckFinley]

Thanks Blueskyline, 

[yota691]

Iraq decides to grant an operating loan to the owners of hotels up to 50 million dinars

25 views View Last Updated: Sunday, June 18, 2017 - 14:56

Rafidain Bank decided to grant an operating loan to the owners of tourist hotels for the purpose of restoration and rehabilitation of the hotels.

 

The Information Office of the Bank said in a statement that "the bank has set conditions and specific controls for the granting of loans to the owners of hotels up to 50 million dinars and a period of 3 months grace."

 

He said the loan terms, namely: the loan amount of 50 million dinars, with an interest rate of 9% per annum, and the period of 3 months grace, and the payment of installments and interest on a monthly basis after the expiration of the grace directly. "

 

"I put the pledge on a suitable property offers by the borrower and mortgage insurance is first-class in favor of the bank to cover the value of (the loan amount 20+%), and collected administrative commission of 2% of the loan amount."

 

And branch procedures in the grant statement said that "the customer to submit a request to apply for an operating loan in the branch, which has banking facilities or tourist loan or bank account, and the hotel license issued by the Ministry of Tourism and the health of their issuance, and a list of the needs of the hotel and the amounts estimated for it."

 

He also offers the borrower "archives supporting the hotel owner and the health of their issuance and validity of the issuance of all Protozoa and documents contained in the dossier total, and facilities and loans issued by the Central Bank of Iraq, and to provide an image under modern property to be mortgaged and a disclosure by the branch in accordance with the regulations and instructions and prepare revealed issued by the Committee's report detection in the branch and expert Al-Ahli, while retaining the full Balaillarh of the borrower at the branch for the purpose of reference when checking or other requirements. "

 

He pointed to "provide internal loans Division statistic monthly electronic includes (borrower name - loan amount - the date of use - the amount paid - the date of payment - the remaining balance - the amount due and unpaid, if any, insurance has a government insurance companies through the conclusion of the company held by General administration / financial section), and the organization of contract rights / 42 loan. "

[yota691]

19/06/2017 (00:01 pm)   -   Number of readings: 338   -   Issue (3953)

 

 

Tourism Authority is looking to revitalize the tourism sector after the launch of the Rafidain Bank loans

 Baghdad / Zahraa Al-Jassem 
 

Tourism Authority welcomed the step Rafidain Bank lending to hotels in order to rehabilitate and develop them to serve the tourism movement, saying it is a step in the right direction, the government and demanded that facilitate income taxes, real estate and bills of other, while the financial advisor to the Prime Minister that the World Bank announced to cooperate with Iraq to prepare an assessment of performance studies tourism and how the investment climate in this sector improved to him, pointing out that the revitalization of the tourism sector is always a guarantee of the Iraqi economy , including generated significant financial returns that can compensate for the decline in oil prices. 
The Rafidain Bank has decided to grant to the owners of tourist hotels operating loans for the purposes of restoration and rehabilitation of up to 50 million dinars for each hotel and a period of grace 3 months, and set conditions and controls to give them that monthly payment is made to the premiums and interest after the expiration of the grace directly, with a foreclosure sign on the property suitable offers by the borrower shall be subject to the first class that strongly in favor of the bank covers 20% of the value of the loan, to be charged to administrative commission (2%) of the loan amount. 
He welcomed the Tourism Authority at the Ministry of Culture director Mahmoud al - Zaidi said in an interview (range), the move and said that this means that the state began to support the tourism sector, even if these small amounts but it is a step moral support and encouragement at the same time the private sector, as the organization and development of rehabilitation of hotels movement in order to be the best level is as long as keen on it, but the most important step after giving these amounts to be followed up the fact that the development and rehabilitation of hotels, with guarantees for the rehabilitation of these facilities in a way the bank to feel this served a particular in the tourism sector is part of the loan, which should there be a mechanism is exposed FH and control hotels to serve the revitalization of the tourism sector, with banks need to cooperate with the sector to advance its reality. 
Refers Zaidi in the context of his speech to the Tourism Authority hopes that the central bank generally provides support to the tourism sector on the banks level of bank tourism investment or support tourism companies or facilitate bank procedures for tourists and tourism companies, and said: We also believe that the extent of this support there will be the development of in investment in this sector, and today demanding the government and all its institutions , such as electricity and other observance of tourist facilities because of the suffering through payments imposed on them invoiced electricity or water and others, reiterated its call to the government to facilitate the matters of income taxes, real estate and bills of other owners Hotels and investors, and with the fact that we appreciate that the country is passing through difficult financial crisis , but the need to think about the tourism sector is to raise part of this distress and generate additional income for the country and contribute to running many of our children. 
Financial Advisor appearance of Mohammed Saleh confirmed his part that the granting of loans for the rehabilitation of hotels falls within the priority of the government in the revitalization of the tourism sector, as a guarantee is always the Iraqi economy because of tourism diversity in the country , both archaeological ones or religious, and it needs to be developed and effortless tourist accessories standing on top these things activate the theme and hotel financing movement. 
As believed Saleh, the lending hotel to development is part of the five trillion dinars provided by the central bank loan, explaining in an interview (range), which Cedar significant financial income for Iraq and encourage the diversification of the economy, which is among the priorities that we aspire to it, Msttrda: Tourism today we have hit to accommodation and that there was not harboring a good tourist is not going to come to Iraq, therefore, there is a financial renaissance of the state commensurate with the tourist renaissance of the country, any country has a renaissance of tourism in this way be the demand of tourism a lot and he must provide the infrastructure to meet this demand on top of this infrastructure , shelter, Pena that this matter falls within the current government plans, as we have cooperation with the World Bank in this direction, and the latter now works an assessment of the tourism sector in Iraq as one of the important areas Indemnified for oil in the future. Continues as saying that the World Bank is as much Bank knowledge has promised to provide a study on the evaluation of tourism performance in Iraq , in addition to how the investment climate tourism improvement, but certainly to improve it needs to requirements on her head is how we receive batches of tourists means attractive for tourism and encouraging, Valaaoa is good is hindered to stimulate tourism, especially since the tourism sector in a country like Iraq , and over time can compensate him rentier sector gradually, and the fact that the rentier oil began to decline due to the changes, the tourism sector can be offset by a decline , but this is always oil. 
.oafatt specialists that the government is not even today has statistics declared profits of tourism sector in thereligious and archaeological sectors, at the time of this sector is suffering from almost total neglect, there are many political parties in control of important parts in the tourism sector, making profits go to unknown destinations, at a time when he can contribute to supplement the state budget by high resource and be synonymous with oil.

[ChuckFinley]

Glad to see them trying to move to other revenue stream than just oil.   

[yota691]

Rafidain Bank allocates lines for complaints and inquire about loans and advances

History of edits:: 2017/6/20 10:28 • 132 times readable

[Oan- Baghdad] 
allocated Rafidain Bank lines for complaints and inquiries to the staff of government departments and citizens who have applied to obtain loans and advances.

The Information Office of the Bank said in a statement received by all of Iraq [where] a copy of it, that "citizens can contact lines for complaints in the event of stalling its branches in the provision of loans that the bank announced previously reported to the citizens." 
He said the "denial of any branch of the bank for any loan and its failure to cooperate with the citizens in this regard , it will be held accountable if it is proven." 
The statement added , "Citizens can contact your complaints number in addition to your email delays in loans and advances or that their names did not appear in the lists of those advances or Alkarod.utaba office dedicated to complaints phone number is [7901940112] either email [ Arkan.sabri@rafidain-bank .gov.iq ] ".

[yota691]

Rafidain Bank proceeded regardless of retired military meal July salaries

 

24 minutes ago

 

Twilight News / Rafidain Bank announced that it will begin on Sunday, regardless of the salaries of retired military meal through July of this exchange manual and smart card.

The Information Office of the bank said in a statement reported by the Twilight News, that the bank will begin regardless of the salaries of retired military meal in July and added that this includes smart card holders to Card and retirees manual exchange.

The statement pointed out that the bank is an executive in the payment of salaries after the arrival of lists of pensioners by the National Pension Commission.

[yota691]

Al-Rafidain determines the repayment amounts of micro-credit loans provided to citizens

The Rafidain Bank, Monday, the amount of repayment of loans to small projects provided to citizens, indicating that the total interest amount reaches more than two million dinars. The bank's information office said in a statement received by "Economy News" a copy of it, "The loans of small projects provided to professionals and craftsmen and small traders and owners of industrial shops up to 15 million dinars and a rate of 9%." The office added that "the bank set a 3-year deadline for payment of the amount as the amount of the monthly installment amounts to more than 416 thousand dinars," noting that "the amount of the monthly installment with interest up to more than 474 thousand dinars and the total interest amount is 2,081,250." Since 2001, Rafidain Bank has extended loans and advances to employees and citizens in accordance with certain terms and conditions.

Views Date Added Date 03/07/2017 Content number 8079

[DWS112]

Parliamentary Finance "advances" the owners of large projects and support the private sector will be implemented in the coming days

July 3, 2017

  

Parliamentary Finance Committee said that the issue of lending large entrepreneurs as part of the support of the private sector initiative "moving" and will be implemented in the coming days.

Committee member Jabbar al - Abadi said that the initiative launched by the government with the central bank to provide five trillion dinars to support the private sector and credit investment project owners is an initiative moving but there are undecided between the central bank and the banks that are supposed to be the money received for distribution to project owners and these banks have a big obsession of the failure in the previous advances granted to farmers and industrialists have not recovered, so there will be discussions to develop a fixed mechanism for specific laws to ensure high recovery of this money runs smoothly without problems.

Edited July 3, 2017 by DWS112

[Gypsygirl11]

Hey Chuck, there are your favorite words again....in the coming days. 

[10 YEARS LATER]

" IN THE COMING DAYS "  - - Man these people are really something, huh !  

[Vespa_Romeo]

in the coming day..soon..in hour..

 

they just recycle the words..

 

my hopium level is drop..pls help..

[yota691]

Rafidain Bank determines the amount of the payment of small business loans

Monday, 3 July 2017

 

 

Twilight News / Rafidain Bank confirmed on Monday that the small projects offered to professionals, craftsmen and small traders and owners of industrial shop loans up to 15 million dinars and an interest rate of 9%. 

The Information Office of the Bank said in a statement, it was reported to Twilight News, that the bank select 3-year deadline to pay the amount as the amount of the monthly premium of up to about more than 416 000 dinars.

The statement pointed out that the monthly installment amount with interest up to more than 474 thousand dinars. Also, the total interest amount of 2.08125 million.