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Financial inclusion is a priority

   
 

 
 


16/4/2018 12:00 am 

Wadih al-Hancal  
 Why does the Association of Banks give exceptional attention to the financial inclusion program? 
The Financial Inclusion Program has become one of the most important programs since it enjoys great interest on the global, regional and Arab levels, and its members are an Arab week to celebrate the financial coverage adopted by the Union of Arab Banks and implemented by our association through the broadest activities provided by our private banks. 
And financial inclusion as a contemporary and new concept in Iraq, which occupies an important area of interest of the Central Bank of Iraq and the Association because of its significant impact in the revitalization of financial investment and the adaptation of financial services towards achieving development programs at a stage where Iraq is ready to promote economic reality.
The expansion of financial services in a manner that contributes to covering the largest number of regions in the country will have a positive impact on the medium term. It is perhaps one of the most prominent means of implementing small, medium and micro loans. These loans will play an important role in creating jobs for the unemployed, Income-generating work as a fundamental objective of the program of financial inclusion in achieving the factors of economic growth. 
Therefore, we find that the Central Bank of Iraq, for its part, focuses in most of its programs, directions and decisions on the need to support programs of financial inclusion. 
In addition, the Association aims to promote and implement this program through various means, including the establishment of specialized training courses by international and local experts, and the involvement of most of its banking staff, and informing the employees about the objectives and benefits of financial coverage and ways of implementing the program and its stages.
Perhaps the best investment for capital is to diversify and develop its uses through the establishment of income-generating projects and the unemployed in particular and to include a large segment of society and thus achieve the goals of contributing to reduce the level of unemployment and the poverty line in the country  

I would like to emphasize that the ultimate aim of all of our activities is to target human capital as the basis for the creation of real capital, thus achieving the main objectives of the Association in achieving the economic feasibility of each activity. 
In conclusion, we are confident of the success of the financial inclusion programs by supporting and supporting our banks for all the initiatives and orientations of the Association. This is the answer to our first question, why does the Association of Banks give special attention to the program of financial inclusion? For this reason, our journalistic column "Financial inclusion"
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  • yota691 changed the title to Rafidain announces the granting of loans of all kinds to citizens
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Date of release: 2018/4/16 8:29 • 169 times read
Rafidain announces the granting of loans of all kinds to citizens
[Ain-Baghdad] 
Rafidain Bank announced the completion and granting of loans of all kinds to citizens during the month of February.
The bank's information office said in a statement received by the agency of all Iraq [where] a copy of it, "The proceeds of loans granted to citizens in the month of February was the granting of construction loans, which identified 50 million dinars in a plot of land not less than 50 meters, Loans of 95 transactions and micro-enterprise loans of 15 million dinars, where 230 transactions were granted. " 
The statement pointed out that "the lending of citizens wishing to buy apartments in Samaya housing was granted 187 transactions to citizens." 
"Financing loans and scientific research were also granted to 41 transactions and loans were also granted to other sectors," he said.
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Intensive preparations for the Financial Inclusion Week

   
 

 
 


17/4/2018 12:00 am 

On the occasion of his Arab day 

Baghdad / Hussein Thugb 
Financial inclusion is an inevitable necessity in a country that seeks to expand economic activity through its productive and service paths and to create an advanced banking system that provides services to all members of society and benefits them in support of development. 

Economic development. 
Financial inclusion means introducing or merging groups that are called financially marginalized or low-income people who are not allowed to engage in banking system operations by dealing with the banking system through the mobile digital business system, ie, completing all financial transactions  
electronically. 
It is preparing to organize a week of financial inclusion on the occasion of the Arab Day of Financial Inclusion and Iraq from the countries that celebrate this, spreading the culture of financial inclusion to its importance in supporting economic activity in the  
country. Infrastructure Development Director General of Payments at the Central Bank of Iraq, said: "The Central Bank seeks to develop the financial and banking sector through the development of infrastructure that enables financial and banking institutions to improve services and accessibility by all segments of society




"Pointing out that" In this context , attention week financial inclusion and turn it into a carnival for the delivery of services and the participation of banks in a practical contribution to the banking education services, particularly for women comes, as well as the segment of students , whether schools or universities who are actors to spread the culture and the fight against illiteracy tools  bank. " 

 

She added That "the expansion of this subject among the community to educate them the positive effects of financial coverage of their lives, as well as prepare them to manage their financial life in the initial stages of starting them in any area may work in the future," asserting " Data periodically semi - annual and considered as the year 2016 is the base year in order to monitor the performance of two banks and providers of payment services fee and financial inclusion strategy
, Which will be the launch of the main determinants and the Supreme Committee for Financial Inclusion is set up in conjunction with this event (the Arab Week of
Financial Inclusion   
Best International Practices
The Central Bank of Iraq considers the active partnership with the private sector to be the most important elements of success. This comes with the support of banks and electronic payment service providers through legislation that regulates their work and gives them sufficient flexibility to develop their business according to international best practices and involve them as key members of the National Payments Council and the Supreme Committee for Financial Inclusion. She pointed out that "the important steps taken by the Central Bank in the establishment of workshops in a number of universities and contribute to dialogues and seminars and most recently participate in the Baghdad International Book Fair and contribute to the seminars held during which by the Governor of the Central Bank and a number of general managers and each according to its competence, One of these sessions was devoted to the issue of financial inclusion in Iraq. " Free banking services



Director of Management and Training in the Association of Private Banks Ahmed Al Hashemi said: "Iraq is one of the countries that need awareness and education programs in this important chapter, which has become effective internationally, pointing out that" the week of financial coverage, which is preparing for him, a number of events adopted by banks and progress "The various products that will be offered are designed to benefit the citizen, as the products offer opportunities to obtain a loan for low income families, while encouraging the activation of deposits transfer of money buried in homes to The banking system and make them supportive of the process of activating the national economy. " Financial Inclusion Department

 

http://www.alsabaah.iq/ArticleShow.aspx?ID=155615

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My apologies if already posted. Did a quick look and never noticed this one.

 

pp

 

Intensive preparations for the Financial Inclusion Week

Today at 17:06

 
The Council of Arab Central Banks Governors has adopted April 27th as an Arab Day of Financial Inclusion.


17/4/2018 12:00 am


Baghdad / Hussein Thugb
Financial inclusion is an inevitable necessity in a country that seeks to expand economic activity through its productive and service paths and to create an advanced banking system that provides services to all members of society and benefits them in support of development.

Economic development.
Financial inclusion means the introduction or integration of groups that are called financially marginalized or low-income people who are not allowed to engage in banking system operations by dealing with the banking system through the mobile digital business system,
Electronic.

It is preparing to organize a week of financial inclusion on the occasion of the Arab Day of Financial Inclusion and Iraq from the countries that celebrate this, spreading the culture of financial inclusion to its importance in supporting economic activity in
Country.


Infrastructure development
Director General of Payments at the Central Bank of Iraq, said: "The Central Bank seeks to develop the financial and banking sector through the development of infrastructure that enables financial and banking institutions to improve services and accessibility by all segments of society

"In this context comes attention to the week of financial inclusion and turn it into a carnival for the delivery of services and the participation of banks in a practical way to contribute to the education of banking services, especially for women, as well as to the segment of students, whether schools or universities, which are considered effective tools for the dissemination of culture and the fight against illiteracy
Banking ".

She added that "the expansion of this subject among the community to educate them about the positive effects of financial coverage of their lives, as well as prepare them to manage their financial life in the initial stages of starting them in any area may work in the future," asserting "the identification of indicators of Iraqi financial coverage and data collection periodically semi-annually and consider 2016 is the base year so that the two centers can monitor the performance of banks and payment service providers and draw up a financial inclusion strategy
, Which will be the launch of the main determinants and the formation of the Supreme Committee for Financial Inclusion coinciding with this event (the Arab Week of Inclusion
Financial)


Best International Practices
The Central Bank of Iraq considers the active partnership with the private sector to be the most important elements of success. This comes with the support of banks and electronic payment service providers through legislation that regulates their work and gives them sufficient flexibility to develop their business according to international best practices and involve them as key members of the National Payments Council and the Supreme Committee for Financial Inclusion. She pointed out that "the important steps taken by the Central Bank in the establishment of workshops in a number of universities and contribute to dialogues and seminars and most recently participate in the Baghdad International Book Fair and contribute to the seminars held during which by the Governor of the Central Bank and a number of general managers and each according to its competence, One of these sessions was devoted to the issue of financial inclusion in Iraq. "


Free banking services
Director of Management and Training in the Association of Private Banks Ahmed Al Hashemi said: "Iraq is one of the countries that need awareness and education programs in this important chapter, which has become effective internationally, pointing out that" the week of financial coverage, which is preparing for him, a number of events adopted by banks and progress "The various products that will be offered are designed to benefit the citizen, as the products offer opportunities to obtain a loan for low income families, while encouraging the activation of deposits transfer of money buried in homes to The banking system and make them supportive of the process of activating the national economy. "


Financial Inclusion Department
He stressed that "the nominal goal to encourage Iraqi banks to be an effective starting point to achieve this trend, considering that a large proportion of society outside the circle of financial inclusion," noting that "the week of financial inclusion witnessed the presentation of animated films showing the importance of saving and the distribution of stories and discoveries in order to create a culture of savings "The week will work to educate citizens about the importance of the subject of electronic cards, which will be all the requirements of the human through them and the advantages of positive and it saves money, and does not expose them to any risks, and this subject reduces the process of money laundering , Because my work The movement of funds will be followed closely by high authorities
Concerned ".



Electronic payment companies
Al Hashimi said that "financial coverage targets all cities with banking branches, where citizens are encouraged to enter the banking system to expand their products, and we encourage electronic payment companies to provide almost free services to encourage the localization of salaries. "We have to catch up with global developments, and we are working on this approach with great seriousness and we base our efforts on this
Direction ".

http://www.alsabaah.iq/ArticleShow.aspx?ID=155615
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  • yota691 changed the title to Rafidain launches loans for the purchase of modern cars for citizens and employees by installments
 
7428.jpg

  

 Banks


Economy News _ Baghdad

Rafidain Bank announced on Sunday the launch of loans for the purchase of modern cars for citizens and employees by installments, indicating that the repayment period of the loan is five years.

The bank's information office said in a statement that it had decided to launch loans for the purchase of modern cars of all kinds for citizens and employees in installments through the branches of the bank allocated for that, noting that "the repayment period of the loan is five years, including three months period of negligence" .


He added that "a number of companies were selected to complete this project in accordance with international standards, namely, the companies of (creativity of the Ba'aj, Ata al-Rahman, the United Company for Cars Trading, Sama Al Gharbia, the Glory of Thuraya, the approach of Iraq, Shirin, Anwar Babel, Car and equipment, the General Company for the trade of cars and machinery, "noting that" some of these companies specializes in cars Korean, Japanese, Chinese and American. "

The Rafidain Bank has launched in 2016 loans to citizens and employees wishing to buy their own cars through its branches.


Views 38   Date Added 04/22/2018

 
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Deposits are the key to development in the region
 
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President of the Association of Private Banks Wadih al-Hanal

  

 


Wadih al-Hanal *

The joint workshop, titled "Financial Inclusion in the Kurdistan Region," organized by the Central Bank of Iraq, the Association of Iraqi Private Banks and banks located on the territory of the region, raised a very important issue for what is required of banks to achieve economic development in the center or region .

Perhaps the central bank's mandate for the subject of financial inclusion is one of its priorities within the activation of the role of banks in general in achieving economic development after trying all the means in this aspect, it became clear that no development without banking activity solid .

Add to the above that the international requirements concerning the International Monetary Fund and the criterion of the measure of the degree of development of banks is through the implementation of the idea of financial inclusion, adding a new task on the Central Bank of Iraq to devote its interests to this aspect and this symposium is one of the important issues .

The most prominent question that arises now .. How do banks to do the program of financial coverage in light of the weakness of deposits required to lend?

As a result of the activation of the economic side through lending to small and medium enterprises, where this method is successful in shaping the economic future of any country wants to get up again .

My intervention in this workshop has been followed by the right roadmap for the possibility of encouraging deposits with banks to enable them to play their role in development .

A senior official in the region, as usual, has been told on the need to resolve the issue of deposits with banks in the region and restricted to lending and development banking activity .

We proposed to the Kurdistan Regional Government the need to resolve this file in the same way as the double tax file, so as to activate the role of banks in moving the stalled development projects in the region after the availability of liquidity to banks through the release of their reserved deposits .

In order to enable banks to return their activities to small and medium enterprises, deposits must be directed towards them and localization of salaries is only one of the foundations of the lending program .

The question now arises strongly what banks are doing about the continued holding of their deposits with the weakness of the deposits they enter .

Thus, deposits are the key to development in the region .

Has the message arrived? Yes, they are confident of a breakthrough in this aspect that will serve the economy .

· President of the Association of Iraqi Private Banks

http://economy-news.net/content.php?id=12036

 
Views 4   Date Added 22/04/2018
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  • yota691 changed the title to Rafidain determines the amount of loans granted to purchase cars by installments
 
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The Rafidain Bank logo

  

 Banks


Economy News Baghdad :

Al-Rafidain Bank announced on Wednesday that it will determine the loans granted to citizens and employees to buy modern cars by installments, noting that the loan period is five years, including three months grace .

The bank's media office said in a statement received by "Economy News" that "the type of loan granted to purchase cars was determined by installments from branches of the bank deployed in Baghdad and the provinces ."

He added that "the loan of (20) million dinars is guaranteed to guarantee the civil servant from the government departments and more than (20) million dinars and up to (25) million dinars is guaranteed to secure two civil servants from the government departments ."

The statement added that "the amount of the loan, which is more than 25 million dinars and up to 40 million dinars, is guaranteed by mortgage mortgage (house or piece of residential land)," adding that "the duration of the loan five years, including three months grace .


Views 503   Date Added 04/25/2018

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Release Date: 2018/4/25 9:59 • 552 times read
In detail .. Mesopotamian loan to buy a modern car installment
{Baghdad: Al Furat News} Rafidain Bank, announced instructions to grant loans to citizens and employees to buy modern cars by installments.
A statement to inform the bank received the agency {Euphrates News} copy of it, that "In order to get citizens and employees on modern cars, the Rafidain Bank to grant loans to purchase modern cars by installments, and a number of companies were selected to complete this project. 
The bank announced the names of the companies responsible for the processing of these cars and only the conditions of the bank, namely, "The creativity of the Ba'aj, Ata al-Rahman, the United Car Trading Company, Sama Al Gharbia, Al-Thuraya glacier, Al-Iraq, Cherin, Anwar Babel, Equipment, the General Company for the trade of cars and machinery} ". 
The statement of grant instructions, as follows: 
1 - The citizen wishing to buy the car review the headquarters of the company for the purpose of the conditions and specifications shown in the company form.
2- The company shall issue a form of its own bearing a serial number stamped with the company's stamp, containing all the information required for the purpose of obtaining the car, namely: Name of the purchaser, car type, car color, year of manufacture, number of passengers, and any additional information relating to car buyer} ". 
3. be cars sold registered as the company exclusively and prices parallel to the car prices in local markets , the company is committed to do so and you install on board forms available. 
4. the company after the agreement with the buyer send the form after completing all the procedures Li branch concerned , however , a certified company exclusively {officially authorized by the company under an official letter addressed to the branch concerned}. 
5. The company and after the initiation of the sale to the citizen to seize the Hoasi vehicles sold for the benefit of the bank to the competent Traffic Department, in coordination with the relevant branch.
6- The Borrower shall thereafter submit the annual car after its numbering with the phrase "Reserved for the Bank" within 60 days from the date of receipt of the vehicle from the Company. 
7- The company shall not dispose of the amount of the vehicle deposited in its account until after confirming that it has delivered the borrower the same specifications of the car agreed upon in the purchase order form and taking a written undertaking from the borrower confirming receipt of the same type of car and specifications. 
8. The loan shall be granted at a rate of 90% of the price of the vehicle specified by the company and confirmed in the form sent by it, provided that the amount of the loan shall not exceed the amounts specified below: 
A 20 million dinars with a personal guarantee. The total monthly liabilities of the sponsor, including the premium and interest of the loan, shall not exceed 50% of his total salary.
B - Mazad from 20 million dinars and up to 25 million dinars with a personal guarantee (guarantee of two civil servants from the government departments), provided that the total monthly liabilities of the guarantors, including the premium and interest of this loan does not exceed 50% of their total salaries. 
C - Mazad about 25 million dinars and up to 40 million dinars guaranteed mortgage mortgage {house or piece of residential land} covering the value of the loan + 20%. 
(D) Loans may be granted in amounts that are less than the amounts stated above and according to the price of the vehicle determined by the company. 
9. The term of the loan is five years, including three months of grace. 
10 - Insurance on the life of the borrower and insurance on the car against (fire and theft) and at the expense of the borrower
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  • yota691 changed the title to Najeeb Najib: We are surprised by the lack of coverage of the employees of Kurdistan loans Iraqi banks
 
Baghdad / Al-Ghad Press:
Kurdistan Democratic Party MP Najibah Najib said on Thursday that the loans to be granted by the main banks will not include the employees of Kurdistan.
Najib said that "the loans that will be granted by Iraqi banks, such as Rashid and Rafidain Bank and TBI will not include employees of the Kurdistan region," indicating that "these banks have no branches in Kurdistan, despite the presence of two branches of the Central Bank in the region."
She added that "several attempts were made in the House of Representatives by the Kurdish blocs to pressure the government to open branches of those banks in the region, but the government of Nuri al-Maliki in 2012 has blocked things for political reasons," noting that "these loans will be granted to 15 provinces will not include The provinces of the region and the total range of these loans between 20 to 40 million and interest rates ranging between 6% to 8% and through several guarantees and recover these loans within 5 years.
She pointed out that "Kurdish politicians have demanded the government to include these loans employees of the Kurdistan region, especially after the rapprochement at this time between the federal government and the Kurdistan government because it will also benefit the banks if the numbers of borrowers.
The Rafidain Bank has confirmed, on Wednesday, granting loans to federal government employees through certain controls.
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  • yota691 changed the title to Rafidain sets 40 months to pay the advance of three million dinars for retirees
 
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Rafidain Bank logo «Economy News»

  

 Banks


Economy News Baghdad

Rafidain Bank, on Sunday, set the period of repayment of the advance of three million dinars, for the military and civilian retirees, by 40 months .

The bank's information office said in a statement received by "Economy News" that "the monthly installment was set at 97 thousand dinars from the date of payment of the advance on the electronic card for retirees ."

The statement pointed out that "covered by the advance are the retirees who carry the electronic card from the bank exclusively and without a sponsor ."


Views 185   Date Added 29/04/2018

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30-04-2018 11:42 AM
image.php?token=480c02c0d40da047f5d60c866f7c6bb4&size=
 


 

 

Rafidain Bank plans to hold its first financial and banking conference on Tuesday to explain the mechanism of loans and advances and settle the salaries of employees electronically. 

"The bank will hold its first financial and banking conference on Tuesday at 1:00 pm at the fishing club hall in the presence of officials of the Ministry of Finance and the Central Bank and advisers in the prime minister and qualified in state institutions and directors of government and private banks and other officials," the bank's information office said. 

Al-Bayat added that 'Rafidain Bank will discuss the mechanism of loans and advances and the settlement of salaries of employees electronically.' 

He pointed out that 'will discuss the mechanism of loans and advances and the settlement of salaries of employees of the state departments electronically and the issuance of MasterCard and granting them advances and loans and the announcement of the application of the electronic system and update the citizens'.

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Rafidain holds its first conference on the settlement of salaries and advances on Tuesday

08:14 - 30/04/2018
0
%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8

Information / Baghdadi ..

Rafidain Bank plans to hold its first financial and banking conference on Tuesday to explain the mechanism of loans and advances and settle the salaries of employees electronically.

"The bank will hold its first financial and banking conference on Tuesday at 1:00 pm at the fishing club hall in the presence of officials of the Ministry of Finance and the Central Bank and advisers in the Prime Minister and qualified in the state institutions and directors of government and private banks and officials," the bank's information office said in a statement. Others ".

Al-Bayat added that "Rafidain Bank will discuss the mechanism of loans and advances and the settlement of salaries of employees electronically."

Pointing out that "will discuss the mechanism of loans and advances and the settlement of salaries of employees of the state departments electronically and issuing Master Card and granting them advances and loans and the announcement of the application of the electronic system and update the data of citizens." Finished

http://www.almaalomah.com/2018/04/30/305262/

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13:45
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The time now is 02:55 AM
97
Watch
 
 
 
Nineveh / Al-Ghad Press:
Nineveh province's governor's office announced on Monday the launch of the first list of hundreds of state-subsidized citizens.
"The Iraqi government has approved the granting of 470 citizens loans, the first payment to be given after the liberation of Mosul from the calling of the terrorist," the official said.
"The money will be disbursed during the next month to the beneficiaries," she said, adding that "other lists will be issued later for other citizens who have submitted loans."
 
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  • yota691 changed the title to Rasheed Bank announces the increase of the first or second marriage advances to 10 million employees
 
Editor Ali Jassim - Saturday 5 May

 

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Alsumaria News / Baghdad 
The administration of the Rashid Bank, on Saturday, the increase of the first or second marriage to 10 million dinars for employees who completed the settlement of their salaries. 

"The bank has decided to increase the amount of the marriage advance to 10 million dinars instead of 5 million dinars," the media office of the Rasheed Bank said in a press release received by Alsumaria News. 

The office added that "the advance is granted to employees of government departments that settled their salaries at the Rashid Bank exclusively, regardless of whether the marriage for the first time or the second provided that he did not receive a previous marriage advance, he or his wife."

 

 

 

 


On Monday (May 22, 2017), Al-Rasheed Bank announced that it would grant marriage advances to employees of 5 million dinars, indicating that the validity of the marriage contract should not exceed one year.

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07-05-2018 11:47 AM
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Rafidain Bank announced on Monday that the five and ten million dinars, including all employees of the Ministry of Education and its directorates in Baghdad and the provinces. 

The bank's information office said that "the five million payment is the monthly installment 120 thousand dinars and the ten million payment is the monthly premium 241. 

The bank said in its statement that 'the period of repayment of the advance set by 60 months'.

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  • yota691 changed the title to The Iraqi Trade Bank announces the distribution of 5,000 personal loans to employees
 
7755.jpg

  

 Banks


Economy News _ Baghdad

The Director General of the Iraqi Trade Bank TBI Faisal Al-Hims, on Tuesday, the granting of more than 5 thousand employees personal loans worth a total of 130 billion dinars, revealing a request to the Central Bank of Iraq to increase the financial ceiling of personal loans, to include non-home staff salaries in the bank these loans .

"The bank has submitted a central request to increase the financial ceiling of personal loans by 50 billion dinars to reach 200 billion, in order to include non-national employees salaries in the bank," he said in an interview with the newspaper "Al-Sabah".

He added that "the total amount of personal loans granted amounted to 130 billion dinars, for more than 5 thousand transactions, according to the ceiling set by the Central Bank of the bank of 150 billion dinars," noting that "the launch of the loan will be within the period of 3 weeks to one month of submission Treatment, where the bank depends on the principle of transparency in the launch of loans and grant them to those who deserve it.

The Director General said that "the mechanism of granting the loan depends on the basis of the calculation of the total salary of the employee, and in accordance with the instructions of the Central Bank, provided that the value of deductions for the monthly premium 50 percent of the total salary, and therefore determine the amount of the loan granted according to this ratio and the repayment period. 


Views 31   Date Added 05/08/2018

 
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08-05-2018 02:44 PM
image.php?token=cf904beaff72d0ac7f6abfd431c77a49&size=
 


 

 

The Director General of the Iraqi Trade Bank TBI Faisal Al-Hims, on Tuesday, the granting of more than 5 thousand employees personal loans worth a total of 130 billion dinars, revealing a request to the Central Bank of Iraq to increase the financial ceiling of personal loans, to include non-national employees salaries in the bank Loans. 

"The bank has made a central request to increase the financial ceiling of personal loans by 50 billion dinars to reach 200 billion, with the aim of including non-national employees salaries in the bank." 

He added that 'the total amount of personal loans granted amounted to 130 billion dinars, for more than 5 thousand transactions, according to the ceiling set by the Central Bank of the bank of 150 billion dinars', adding that' the launch of the loan will be within the period of three weeks to one month of submission Treatment, where the bank depends on the principle of transparency in the launch of loans and grant them to those who deserve it.

The director general said that the mechanism of granting the loan depends on the calculation of the total salary of the employee, and in accordance with the instructions of the Central Bank, provided that the value of deductions for the monthly premium 50 percent of the total salary, and therefore determine the amount of the loan granted according to this ratio and the repayment period.

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  • yota691 changed the title to Rafidain performs loans of all kinds to citizens during the month of March

Rafidain performs loans of all kinds to citizens during the month of March

 

 Since 2018-05-14 at 08:53 (Baghdad time)

12.jpg

Baghdad - Mawazine News

Rafidain Bank announced on Monday the completion and granting of loans of all kinds to citizens during the month of March.

The bank's information office said in a statement received by Mawazine News that the proceeds of the loans granted to citizens in March were granted building loans, which were set at 50 million dinars in a plot of land not less than 50 meters. The number of grant transactions was 236 transactions and loans Small projects of 15 million dinars, where 345 transactions were granted. "

He added that "citizens were allowed to buy apartments in Samaya housing. 146 loans were granted to citizens. Finance loans and scientific research were granted to (47) transactions and car loans amounting to (24) borrowers, in addition loans were granted to other sectors." Ending 29 / p

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14-05-2018 09:21 AM
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Rafidain Bank announced on Monday the completion and granting of loans of all kinds to citizens during the month of March. 

The bank's information office said that "the proceeds of the loans granted to citizens last March were the granting of construction loans, which was set at 50 million dinars in a plot of land not less than 50 meters, and the number of grant transactions was 236 transactions, while micro-enterprise loans of 15 million dinars have been Granting 345 transactions'. 

The statement pointed out that 'the lending of citizens wishing to buy apartments in Samaya housing was granted 146 treatment for citizens'. 

"Finance loans and scientific research were also granted to 47 transactions and car loans of 24 borrowers. In addition, loans were granted to other sectors."

 
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    • By yota691
      Medium enterprises embrace the national economy
      Monday, 15 July 2019 37

        Baghdad / Emad Al-Amara     Economic analyst Abdul Sattar Abdul-Jabbar Moussa said that the practical applications of small and medium enterprises in many countries stressed the need for such institutions, regardless of the rate of progress and economic and social development, as the adoption of the national economy, but they need funding.   Small and medium enterprises Between Moses and "morning" that "the importance of small and medium enterprises appear through the exploitation of energies and possibilities and the development of expertise and skills being  "It is important to diversify the national economy in many aspects as it is one of the fertile areas for the development of new creations and ideas, as well as they are the seeds of the core of large institutions." "These projects are characterized by competitive nature, which is reflected in a large extent on the volume of sales and rates of return of activity," pointing out that "these institutions support the industrial strategy based on national development plans, and is a means to support agricultural production and contribute to the mobilization of capital, Their contribution to increasing savings, which will lead to increased investments. "   Local resources "These institutions are often dependent on local resources and spin-offs of large enterprises, thus contributing to reducing the waste of these resources and reducing reliance on imports of raw materials," Moussa said. "These institutions contribute to strengthening the national economy through large institutions through Distribution of their products or supply them with production inputs or through subcontracting with large enterprises manufacturing  Some components or some of the production process necessary for the final product, which is not economically feasible to implement by the large enterprise, so it has a significant role in expanding the base of domestic production.   The role of finance In a related context, a member of the Center for Arab and International Studies, Dr. Amr Hisham that the issue of funding comes at the forefront of the problems faced by small and medium enterprises. He stressed the existence of a wide variety of sources of institutional finance that respond to different levels of growth of institutions, whether small loans or government support and advanced modes of financing, including entry into the stock exchange. "Banks and specialized financial institutions play an important role in overcoming the obstacles imposed by the conventional loan," he said.  Stressing "one of the most convenient alternatives that  Found for medium and small enterprises' investments is the rental loan, a pattern of newly created financing in which a property or equipment is delivered for a specified period of time against agreed installments. "This type of financing is flexible and easy to compare with conventional investment financing," he said.   Venture capital "Risk capital as an economic tool can provide the project with flexible and long-term capital through its extensive ownership of the enterprise, as well as emerging and developing management assistance, especially for institutions with new ideas," Dr. Amr said. Risk capital means the provision of equity capital to establish or develop institutions. Risk capital is normally pooled by investors in the form of a fund used to fund investments in private businesses through equity participation and 20% to 40% ownership of capital. This service is usually through venture capital companies or banks and individual financiers.
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