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

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http://www.alsabaah.iq/ArticleShow.aspx?ID=145846......

   

Loans for those wishing to purchase residential units

12/10/2017 12:00 am     Baghdad / Tariq al-Araji       Bank launched an initiative to grant loans to citizens wishing to buy housing units in the complex Basmaya housing. A source at the Bank's Information Office told Al-Sabah: "The Rasheed Bank and its contribution to the elimination of the housing crisis and in coordination with the Investment Authority has launched an initiative to grant loans to citizens wishing to buy residential units in Basmaya housing complex."  "The loan ratio is 80 percent of the housing unit price, as well as continuing to grant loans to small projects to contribute to encouraging the private sector and reducing   unemployment," he said. The source said that "the loans granted to this segment range from two million to 30 million dinars, according to the feasibility of the economic project," stressing that "the bank continues to grant the top ten nominal salaries for all employees as well as continuing to grant banking facilities to owners of shops and real estate, Commercial or real estate site ".

[yota691]

Al Rasheed Bank grants loans to those wishing to purchase residential units

 

Economy News _ Baghdad Al-Rasheed Bank launched an initiative to grant loans to citizens wishing to buy residential units in Basmaya residential complex. A source in the bank with a talk to "morning" and his "Economic News", "The Rashid Bank and its contribution to the elimination of the housing crisis and in coordination with the Investment Authority, has launched an initiative to grant loans to citizens wishing to buy housing units in the complex Basmaya housing.  "The loan ratio is 80 percent of the housing unit price, as well as continuing to grant loans to small projects to contribute to encouraging the private sector and reducing unemployment," he said.  The source said that "the loans granted to this segment range from two million to 30 million dinars, according to the feasibility of the economic project," stressing that "the bank continues to grant the top ten nominal salaries for all employees as well as continuing to grant banking facilities to owners of shops and real estate, Commercial or real estate site ".      Number of views 35   Date added 12/10/2017

[yota691]

Loan and microenterprise management

16/10/2017 12:00 am    Abdul-Zahra Mohammed al-Hindawi   The loans and small income-generating projects represent an important pillar for the development and revitalization of the economic reality through its effective impact in reducing the levels of poverty and unemployment in the country, which is witnessing a clear increase in rates due to the economic conditions facing Iraq .. But how can benefit from these loans and projects in achieving The developmental goals required of them?  Through the simple reading of some of the experiences and attempts that Iraq witnessed during the past years within the framework of the policy to combat poverty, we find that the results were not the required level, perhaps because of the lack of a clear vision through which to identify the paths of those loans and projects from the developmental point required. For example, in 2012, about 800 cows were distributed in Saladin province specifically to poor families and widowed women in villages and rural areas, free of charge, an experiment that could have contributed significantly to improving the standard of living of these families. Which happened that the project faded and did not achieve any of its goals for many reasons, including that the imported cows could not cope with Iraq's climate of high temperature, which led to the death of some, while should have been provided the conditions appropriate to live to ensure the achievement of results and objectives , Especially as it is a dairy.  In addition, some of these cows were distributed in remote areas and far from the city centers. The beneficiary families could not deliver the milk and its products to the consumers. Consequently, they consumed their needs and then damaged the remaining ones. Then came the circumstances of 2014 and the emergence of "dads" to disappear any impact of the project, as is the case of other projects. Another experience is the experience of micro loans carried out by the Ministry of Labor and Social Affairs over the past years, indicating that there are more than 11 thousand beneficiaries of these loans and the rate Ranging from 5 to 10 million dinars per loan, income-generating loans to the unemployed, which are not easy sums, and the assertion that many borrowers benefited from the loan and were able to establish small projects that significantly changed their reality, but there are no indicators of evaluation Minutes of project results as a whole.  Such indicators would create a clear picture that would assist stakeholders in adjusting deviant paths, developing the project and including more unemployed people with such loans. As a result of the lack of evaluation, the lenders may not be able to recover the loans, and they are not properly secured by the borrower   himself. What matters to us here is that the country is about to embark on a new phase that will see three tracks related to the granting of microcredit for the establishment of individual projects. These tracks include the reconstruction plan for the liberated areas and the related axis of compensating citizens for their material losses and enabling them to improve their living conditions.  The second track is linked to the launch of the second poverty reduction strategy for the years 2018-2022, which includes the outcome of improving the income level of the poor through the grant policy  Loans. The third track is linked to the Social Development Fund, which will finance poverty alleviation projects that include providing services and empowering the poor. The Fund is also expected to resort to loans. In any case, we should have a clear vision, The expected results have a clear impact on the achievement of the development goals and the course of the loan "any loan" is clear and this will not be achieved unless there are accurate mechanisms for monitoring, evaluation and management of projects and microcredit.

[yota691]

Bank loans declined due to difficult guarantees and repayment delays

16/10/2017 12:00 am   Baghdad / Mustafa Hashemi  at a time when citizens called for private banks to launch the amounts of advances to small and medium projects, which was allocated by the Central Bank to start the process of development, between a banking specialist that mutual trust, which is the basis of the work of banks, has collapsed due to many repercussions have negatively affected The reality of funding in Iraq and the national economy and the economy of the family burdened   many.  The banking system in Iraq consists of 7 government banks: Al-Rafidain, Al-Rashid, the Iraqi Bank for Trade, the Agricultural, Industrial and Real Estate Bank, as well as Al-Nahrain Islamic Bank, as well as a large number of private banks and branches of foreign banks including Lebanese, Emirati, Iranian and Turkish. Controls and guarantees brunette Obeid , 42, says she did not leave the banks waged only knocked on the door in order to obtain a loan or an advance , but it has not received what they were begging him. "When I review more than one bank in order to obtain a loan to open a small sewing workshop in my house to support my family, I am surprised by the controls and guarantees required by the banks, in addition to the condition of the  sponsor, " she said in an interview with Sabah  .  She stressed that the conditions are very harsh compared to the amount I needed, which is 10 million dinars for the establishment of the project, which aspires to be distinguished by depending on the latest fashion details based on the Internet sites for the latest products of textiles and clothing. Local banks The central bank has allocated $ 1 billion to private banks in order to launch them as loans for small and medium-sized enterprises, but private banks are very cautious about launching them because of the general conditions of the country. Hassan Haidar, "25-year-old", said: "The conditions for obtaining the loan are available as the sponsor and the rest of the other guarantees for private banks." He added Haider in an interview with the "morning" that when he made separate requests for government banks to obtain a loan it granted refused a loan for the reconstruction of his father 's house and prepare for investment leases because of the failure to include controls "-aly he said: loans productivity and explained that he resorted to private banks to borrow $ 15 million But his request was also rejected because this type of loans are not from the loans of production or those allocated to small and medium enterprises, asking: Where to get a loan to reconstruct the home of the father and banks refrain from lending to the  public? Banking Specialist d. Issam Mahaoueli said: "Banks in different countries of the world rely on the principle of confidence in their dealings with each other, on the one hand and with the public on the other hand, and given the circumstances of Iraq, this confidence has become shaky since the late nineties when a bank seized deposits His clients. Mahaouli called for "speeding up the restoration of confidence in Iraqi private banks and activating their role in the development process through diversification of banking activity, so that they can attract citizens' deposits and facilitate lending at the same time." Dispose of the property and noted: "The banks point of view is justified also wary of launching loan amounts even after confirming the safety of borrowers papers and bring them necessary to obtain the amount of the loan guarantees , " he said, adding that: there are those who offer property as collateral and at the failure to pay find these banks That his house is "required clan" the bank is not able to dispose of real estate and the rest of the parties also " He explained that:"

[10 YEARS LATER]

Begs the question, can they get anything " done on time ?"

[nannab]

SOON  

[WheresmyRV?]

1 hour ago, 10 YEARS LATER said:

Begs the question, can they get anything " done on time ?"

They can vote in their new holidays pretty fast though.

[3n1]

1 hour ago, 10 YEARS LATER said:

Begs the question, can they get anything " done on time ?"

 

They can like clock work take every other day off for " no quorum " .... cheers

[yota691]

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Rafidain Bank decides to stop paying the wages of loan inquiries by employees and citizens

By

 rami

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October 17, 2017

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Al-Rafidain Bank announced on Tuesday the suspension of payment of wages of loan inquiries by employees and citizens, while its branches paid all loans applications that have already been obtained approvals.
“Due to the end of the fiscal year and for the purpose of completing the statistics in accordance with the regulations of the Central Bank and for the enforcement of the credit ceiling, it is decided to stop paying the wages of loan inquiries promoted by employees and citizens,” the bank’s press office said in a statement.
“The bank has directed its branches to pay all loan applications that have already been obtained approvals and fees to inquire about,” the office said.
The Rafidain Bank began last year to grant loans to employees and owners of hotels and health professionals and amounts ranging from 10 to 50 million dinars.

[yota691]

Rafidain announces the launch of the three million dinars for retirees

 

 Since 2017-10-23 at 08:44 (Baghdad time)

Baghdad Mawazine News

Rafidain Bank announced on Monday the launch of the predecessor of retirees, amounting to three million dinars through branches in Baghdad and the provinces.

The bank's information office said in a statement received by the Mawazine News that the bank has decided to grant retirees and holders of electronic payment tools (smart card) operating exclusively an advance of three million dinars, "noting that" it is granted in accordance with the terms and conditions, including the provision of a sponsor Guarantee the civil servant of the civil service employees not less than the service for the year and not accept the corresponding guarantees.

The office added that "the amount of the monthly installment of the amount of ninety-two thousand dinars and interest at 7 percent annually is calculated on the basis of the installment is reduced and paid in fixed installments with installments of the advance."

[yota691]

Deputy calls the Rafidain Bank and Al-Rashid for a soft loan grant to students

 

Monday, October 23

 

 

 

Al-Sumerian News / Baghdad The head of the Committee on Economy and Investment Representative Jawad al-Bolani , on Monday, the Rafidain Bank and Rashid to grant soft loans to students.  Al-Bolani said in an interview with Alsumaria News, "We call the Rafidain Bank and Rashid to grant soft loans to students and ease the financial burden on the shoulders of their families."  "Investing in human capital and preparing a scientific generation capable of serving the country is an important future in building any country," Bolani said.     Rafidain Bank announced on September 23 granting soft loans to students, professors and researchers from postgraduate studies, indicating that this comes in order to cover the cost of scientific research provided by this important segment of society.

[yota691]

Rafidain: The predecessor of the retired three million does not include the beneficiary or the retired agent

 

Rafidain Bank

Economy News Baghdad: Rafidain Bank announced on Wednesday that the predecessor of the retired three million dinars does not include the beneficiary and the retired agent. The bank's Information Office said in a press statement received by "Economy News" that "the three million grant is given personally to the retiree and does not accept requests from beneficiaries and agents." "The 36-month repayment period is paid in equal monthly installments every two months," the office said. Rafidain Bank announced on Monday the launch of the predecessor of the retired, amounting to three million dinars through branches in Baghdad and the provinces.     Views 42   Date Added 25/10/2017

[yota691]

 

Abadi and the Governor of the Central Bank call for stopping "excesses" of Al-Rasheed and Rafidain banks

economy

12:46

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BAGHDAD / 
A member of the Finance Committee, Hossam al-Aqabi, on Wednesday, the existence of remarks on the bank of Rashid and Rafidin during the giving of advances to employees, and called on the Prime Minister Haider Abadi and the Governor of the Central Bank to intervene to stop excesses of the two banks.
Al-Aqabi told Al-Ghad Press that "there are observations on the banker of Rashid and Rafidain through giving the five advances and ten million to the employees," noting that "the advances were given as desired by the employee, but the bank around it according to nominal salary." 
He added that "the banker of Rashid and Rafidain do not implement the recommendations of the Finance Committee." 
"The Prime Minister, Haider al-Abbadi and the Governor of the Central Bank to intervene to stop the excesses by the banker Rashid and Rafidain and change the mechanism to give advances to employees," he said. 
"We are surprised by the imposition of deductions on the taxpayer and there are benefits and profits deducted."

[yota691]

25-10-2017 11:12 AM

Rafidain announces new conditions on the advances of retirees

 

 

 

Rafidain Bank announced on Wednesday that the predecessor of the retired three million dinars does not include the beneficiary and the retired agent. 

The bank's media office said that "the three million payment is given personally to the pensioner and does not accept requests from beneficiaries and agents." 

The statement added that 'the period of payment of the advance 36 months is paid in equal monthly installments every two months'.

[yota691]

Traitors run the Central Bank of Iraq !!

Readers

 

 

Traitors run the Central Bank of Iraq !!

 

24-10-2017 10:48 PM

There are many files of corruption and waste of public money in my country, as poverty and deprivation of the disabled and the deprived suffer and seek without any attention, and they deny these financial dues increase them, in return for the enjoyment of the politicians and special degrees and senior staff of these good things only. The failure of one to carry out his duty or to carry out the secretariat and to deliberately harm the Iraqi citizen is considered to be the failure of the country. This is the Ministry of Labor and Social Affairs. The Ministry of Labor and Social Affairs is concerned about the lack of financial allocations. Thousands of critics complain about the large number of reviews and promises. continuously . The central bank announced the allocation of fixed funds for the purpose of supporting projects and provide job opportunities for job seekers and those who have small projects and obtained a large number of small and medium loans to citizens and advances to employees. The identity of the Iraqi Chamber of Commerce, after many months of reviews and bring the sponsor and the economic viability of the borrowers and when the time came to pay the money for those loans sent the Central Bank of Iraq a letter to the Ministry of Finance handed over by the agent (Maharamad Johan) and distributed to all Masar Government departments several days ago, according to media director of the Ministry of Finance Saleh Mahdi, provides for the payment of any amount not to stop all banks and staff advances. These banks instead of becoming a tool for national action and ending the routine became a tool of complexity and bureaucracy and is plagued by corruption and neglect and very backward systems. On 22/10/2017, the main treasury in the Rafidain Bank branch of Freedom 18 is flooded by old water and the auditors gather and no one can open that treasury , And undue suffering for the auditors without obtaining their pensions. We do not know how to trust the work of these people as they put the monetary policy of the country as they fight the poor and humiliate them in this professional way to the borrower citizen and others, one of them appeared on the screen of Al-Hurra channel last Thursday, saying that borrowers have no desire to borrow and disbursed loans by 5% Of this figure, which lies shamelessly or shyly because of the lack of allocation of the Central Bank for the rest of the amounts and stop the exchange and retrieval.

 

Long years and processes of waste of public money revived an example of that steps to the Central Bank of Iraq, a corrupt system run by the elite thieves and sells Dina and his town and his career! .. Of course with the blessing of the matter and the prohibition in the joints of the government and the ruling party! Woe to hate the evil before the media and public opinion and steal in broad daylight. The Central Bank of Iraq is an independent authority, and the sovereign and national symbols are now dominated by thieves and barbarians. They meet and make strange and strange decisions and thirst for citizens and their ambition to live a decent life. Sometimes a decision is taken to prevent inspectors from monitoring and monitoring private banks because of the large financial deposits of some officials in these private banks. And to inspect banks that are partners in corruption with some officials (CBI) has been dissolved Directorate General of Banking Supervision and the transfer of all employees to the rest of the sections are experienced and recognized for their competence and integrity and appointed new staff do not have experience Not being employed in this area as they were transferred to this section in order to benefit according to patronage and patronage, without taking into account the supreme interest of the country and to remain mafia corruption and corruption in the private banks that have been managed by one family and the various acts of corruption and embezzlement and fraud and smuggling currency until it reached the terrorist groups will touch To that information, another article with abundant information, I called on all the regulatory bodies in the country, including Parliament, the Council of Ministers and the Integrity Commission to arrest the vampires of the people and bring them to justice, and uncover the spoilers and keep them away from the administration of the Central Bank of Iraq and Ending the routine and handing over the loans to the beneficiaries and our return in the details of Ove

[yota691]

Rafidain identifies the pensioners from the three million

 

Saturday, October 28,

 

 

 

Alsumaria News / Baghdad Select Rafidain Bank , Saturday, covered by retired three million dinars, while noting that the deduction of advance payment with interest is not more than 50% of the total pension.  A copy of the report said that "the advance of three million dinars includes retirees of civilians and military, noting that" the retirees wishing to grant the advance to provide support from the branch from which received the pension, which shows the failure to receive a pension advance in the case of Give him a new advance. "   "The deduction of the advance payment with interest is not more than 50 percent of the total pension of the pensioner," he said.  The Rafidain Bank, on October 23, the launch of the predecessor of the retired, amounting to three million dinars through branches in Baghdad and the provinces.

[yota691]

Rafidain directs its branches to expedite the completion of transactions advances and loans

 

Tuesday 31 October 2017

 

 

Alsumaria News / Baghdad The  face of the Rafidain Bank , Tuesday, its branches in Baghdad and the provinces to accelerate the completion of all transactions for the granting of advances and loans and in accordance with the controls and instructions.  The bank's information office said in a statement received by Alsumaria News that "the bank called its branches in Baghdad and the provinces to expedite the completion of all transactions for the granting of advances and loans and in accordance with the controls and instructions," noting that "under the implementation of the electronic banking system will be completed transactions related to citizens and leave paper dealing "He said.     He added that "the bank has set up a special form in its branches to update the citizens' data and complete the necessary documents related to them, as well as cleaning the archive and inventory of the bank."  The Rafidain Bank began granting loans and advances to citizens and employees according to certain mechanisms and controls, while demanding citizens to update their data in order to apply the electronic system in its branches.

[yota691]

31-10-2017 01:07 PM

Rafidain calls for expediting the completion of all transactions for the granting of advances and loans

 

 

 

The Rafidain Bank, on Tuesday, its branches in Baghdad and the provinces to expedite the completion of all transactions for the granting of advances and loans and in accordance with the controls and instructions. 

The bank's information office said that "the bank called its branches in Baghdad and the provinces to expedite the completion of all transactions for the granting of advances and loans and in accordance with the controls and instructions," noting that 'under the implementation of the electronic banking system will be completed transactions relating to citizens and leave the paper deal. 

He added that 'the bank has developed a special form in its branches to update citizens' data and complete the necessary documents related to them, as well as cleaning the archive and bank inventory.' 

The Rafidain Bank began granting loans and advances to citizens and employees according to certain mechanisms and controls, while demanding citizens to update their data in order to apply the electronic system in its branches.

[yota691]

of Rafidain Bank is a good news about advances and loans

 

 

Twilight News    

 

 one hour ago

 

 

Al-Rafidain Bank on Tuesday directed its branches in Baghdad and the provinces to expedite the completion of all transactions related to the granting of advances and loans in accordance with the regulations and instructions. 

"According to the application of the electronic banking system, the bank has called on its branches to complete all transactions related to citizens and to leave the paper deal," the bank's information office said in a statement. 

He pointed out that "the bank set up a special form in its branches to update citizens' data and complete the necessary documents related to them as well as clean up the archive and inventory of the bank."

[yota691]

Rafidain calls its branches to expedite the completion of transactions advances and loans

Readers

 

 

Rafidain calls its branches to expedite the completion of transactions advances and loans

 

31-10-2017 02:26 PM

 

The Euphrates -

 

Called Rafidain Bank, its branches in Baghdad and the provinces, to expedite the completion of transactions granting advances and loans. 

 

The bank said in a press statement that it called on its branches in Baghdad and the provinces to expedite the completion of all transactions for the granting of advances and loans and in accordance with the controls and instructions, indicating that under the implementation of the electronic banking system will be completed transactions relating to citizens and leave the paper deal. 

 

He pointed out that the bank has set up a special form in its branches to update citizens' data and complete the necessary documents related to them, as well as cleaning the bank's archive and inventory.

[10 YEARS LATER]

Expedite - hmmm . . . Get a move on - tick tock 

[gregp]

Quote: Cleaning up the archives and inventory. 

 

This Sounds like they are getting ready for a transition. 

 

[yota691]

75 million dinars advance to buy a housing unit

01/11/2017 12:00 am   BAGHDAD / Tariq al-Araji    Bank announced on Tuesday, giving citizens an advance of 75 million dinars for the purchase of housing units in residential complexes under the condition of the sponsor and interest rate of 4 percent. The director of the bank, Dr. Rashad Khudair Wahid told "Al-Sabah": "The loans were allocated to small projects up to 30 million dinars, and for large projects, lending is as important as the project." Wahid revealed "the imminent launch of a loan for teachers of colleges by 25 million dinars for six years, and there are loans for doctors $ 50 million in addition to the grant of marriage advances of 5 million dinars and loans to buy cars."

[tigergorzow]

12 hours ago, gregp said:

Quote: Cleaning up the archives and inventory. 

 

This Sounds like they are getting ready for a transition. 

 

gregp Agree,  Something fishy is definitely about to happen IMHO.  Come on git er done boys & girls.

 

GO RV / RI

[tigergorzow]

12 hours ago, 10 YEARS LATER said:

Expedite - hmmm . . . Get a move on - tick tock 

10YL, Yup Yup....Get Ready...Set....GOOOOOOOOO!!  RV / RI