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 September 20, 2021
The Central Bank of Iraq and Renewable Energy Support in Iraq

 



The Central Bank of Iraq organized a workshop to support the use of renewable energy sources in Iraq.
The workshop discussed the opportunities for using renewable energy generation methods and the contribution of the Central Bank's initiative to finance it in a way that contributes to strengthening the national economy.
 
In a speech during the workshop, the Deputy Governor of the Central Bank stressed that this bank is committed to enriching and supporting Iraq's economy by adopting initiatives that contribute to reducing waste in state funds and leaving dependence on traditional sources in generating electricity.
 
The deputy governor added that banks and insurance companies should actively contribute to providing the best offers to citizens in the field of energy, with their efforts to educate consumers about the preference of renewable energy in terms of costs, and the preservation of the environment.
 
The head of the Central Agency for Standardization and Quality Control and the Director of the Baghdad Center for Renewable Energy and Sustainability presented their papers on this important subject.
The workshop was attended by representatives of banks, insurance companies and a number of investors and those interested in this matter.
 
It is noteworthy that the Central Bank launched an initiative to finance the acquisition of energy production units from renewable sources in cooperation with the Ministry of Environment and the Higher Committee for Lending through the banking sector.
 
Central Bank of Iraq
information Office
September 16, 2021
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 September 20, 2021
Iraq at the Conference of the Board of Governors of the Islamic Development Bank

 



The Republic of Iraq participated in the Conference of the Board of Governors of the Islamic Development Bank  in Tashkent / Uzbekistan.
The Iraqi delegation was headed by His Excellency Mr. Mustafa Ghaleb Makheif, Governor of the Central Bank of Iraq.
 
The conference discussed a number of issues related to development in Islamic countries and the challenges that faced their economies in the wake of most of them being exposed to the repercussions of the Corona pandemic.
 
The conferees dealt with enhancing the importance of the role of the Islamic Development Bank in assisting member states in a sustainable recovery from the continuing impact of the emerging Corona pandemic.
 
Efforts to combat poverty, build resilience and create job opportunities for youth.
In addition to implementing the national development plans of member states, stimulating green economic growth and mobilizing additional resources for development.
 
The Governor, head of the Iraqi delegation, reviewed the government's plans in the short and medium terms to revive the economy and achieve the goals stated in the government program and the role of the Central Bank in creating job opportunities through its various development initiatives.
 
Central Bank of Iraq
information Office
September 3, 2021
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 September 20, 2021
Work regulations for agents of foreign remittance service providers for licensed banks and non-bank financial institutions

 



The Central Bank of Iraq announces the updated version of the special controls regulating the work of major and secondary agents for foreign remittance service providers in Iraq to work with by all approved banks and non-bank financial institutions.
 
» To view the controls, click here
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 banks


Economy News _ Baghdad

Today, Friday, the Central Bank of Iraq determined the interest of granting loans to purchase solar energy systems.
The Deputy Governor of the Central Bank, Ihsan Al-Shammari, said while chairing the meeting of the National Committee for the Central Bank’s initiative for the purpose of purchasing solar energy systems: “The loans are with an interest rate of no more than 1%, and they are considered like interest-free loans,” noting that “the solar systems must That they be according to the last specifications that ensure that the systems are easy to use and have high sustainability, specifications and quality for use by citizens and other activities.” Al-
Yasiri stressed, according to the statement, “the launch of specifications and loans is imminent soon,” noting that “ 
He explained that "the central bank and the concerned banks will be ready to receive loan applications, and we will inevitably witness a great demand for such loans, especially as it will be an end to the citizen's suffering from spending on private generators and the pollution they cause to air and hearing, and to go to solar energy systems that provide sufficient hours and clean energy." Insured and at a lower cost.

 
 
Views 456   Date Added 09/24/2021
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 2021-09-24 03:18
 

Shafaq News/ The Central Bank and the Ministry of Environment announced on Friday that the homes of residents in Iraq will soon leave the private generators and move towards solar energy at a lower cost and more sustainable.

The Ministry of Environment stated in a statement today that the National Committee for the Central Bank’s initiative to set the latest model specifications regarding granting loans for various activities, including residential, industrial and agricultural, in addition to citizens’ homes for the purpose of purchasing solar energy systems, will complete.

This came during the third meeting held at the headquarters of the Central Organization for Standardization and Quality Control .

Whereas, Ihsan Al-Yasiri, Deputy Governor of the Central Bank, confirmed during his presidency of the meeting that he who reviewed all the latest specifications that ensure that the systems are easy to use, sustainable, specifications and high quality for use by citizens and other activities, pointing out that the loans are with an interest of no more than 1%, which is It's like a zero-interest loan

Al-Yasiri explained closely the launch of specifications and loans soon, and the year 2022 will witness a qualitative and clear shift in changing the behavior of the Iraqi individual in the use of renewable energy and solar energy, not only at the level of state institutions only, but will include homes but also at the level of housing complexes with soft loans and all industrial, agricultural and other activities.

He also pointed out that the Central Bank and the concerned banks will be ready to receive loan applications, and inevitably we will witness a great turnout to apply for such loans, especially as it will end the suffering of citizens from spending on private generators and the pollution they cause to air and hearing, and to go to solar energy systems that provide sufficient hours and clean, secure and costly energy. Less .

In turn, the head of the Central Organization for Standardization and Quality Control, Hussein Ali Daoud, explained that the agency has set determinants and governing controls that the techniques and equipment used are of international origin, high durability and long sustainability to ensure the success of this transition towards solar energy.

Director General of the Environmental Awareness and Information Department at the Ministry of Environment, Amir Ali Al-Hassoun, said that this national effort falls within the national plan of the government and the Ministry of Environment regarding climate changes and Iraq’s commitment to the Paris Climate Expenditure, in addition to achieving the goals of sustainable development and the ministry’s approach to raising awareness for the purpose of changing behavior towards renewable energy, which is one of the The tasks that we are still promoting in all sectors of Iraqi society.

He continued by saying: This committee is one of the outputs of the awareness and media effort that targets all government sectors, civil society organizations, unions, private sector institutions and citizens.

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The Central Bank and the Environment: Soon, citizens' homes will leave private generators and turn to solar energy
 

photo 2021 09 24 10 38 01

  
{Local: Al Furat News} The National Committee for the Central Bank of Iraq's initiative is completing the latest model specifications regarding granting loans for various activities, including residential, industrial and agricultural, in addition to citizens' homes for the purpose of purchasing solar energy systems.

A statement by the Ministry of Environment stated that Al-Furat News Agency received a copy of it that the Deputy Governor of the Central Bank, Ihsan Al-Shammari, confirmed during his presidency of the meeting, which was held at the headquarters of the Central Organization for Standardization and Quality Control, which reviewed all the latest specifications that “the systems are easy to use, sustainable, specifications and high quality for use by Citizens and other activities,” noting that “the loans are with an interest rate of no more than 1%, and they are considered like zero-interest loans.” 

Al-Yasiri indicated that the specifications and loans will soon be launched, and 2022 will witness a qualitative and clear shift in changing the behavior of the Iraqi individual in the use of renewable energy and solar energy, not only at the level of state institutions only, but will include homes, but also at the level of housing complexes with soft loans and all industrial and agricultural activities and others.

And he indicated that "the Central Bank and the concerned banks will be ready to receive loan applications, and we will inevitably see a large turnout to apply for such loans, especially since it will be an end to the citizen's suffering from spending on private generators and the pollution it causes to air and hearing, and to go to solar energy systems that provide sufficient hours and clean and secure energy at a lower cost." ".

For his part, the head of the Central Organization for Standardization and Quality Control, Hussein Ali Daoud, said, "The agency has set determinants and governing controls that the technologies and equipment used are of international origin, high durability and long sustainability that ensure the success of this transition towards solar energy. The installation process will be carried out under the supervision of the engineering cadres of the distribution departments in the Ministry of Electricity." .

Meanwhile, Director General of the Environmental Awareness and Information Department at the Ministry of Environment, Amir Ali Al-Hassoun, said that "this national effort falls within the national plan of the government and the Ministry of Environment regarding climate changes and Iraq's commitment to the Paris Climate Expenditure, in addition to achieving sustainable development goals and the ministry's awareness-raising approach for the purpose of changing behavior towards renewable energy, which is One of the tasks that we are still promoting in all sectors of Iraqi society, and this committee is one of the outputs of the awareness and media effort that targets all government sectors, civil society organizations, unions, private sector institutions and citizens.

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The “Central” of Iraq determines the interest of granting loans to purchase solar energy systems

The “Central” of Iraq determines the interest of granting loans to purchase solar energy systems
Solar panels
 

 

 

Mubasher: The Central Bank of Iraq has set, today, Friday, the interest of granting loans for the purchase of solar energy systems, which does not exceed 1 percent.

The Deputy Governor of the Central Bank, Ihsan Al-Shammari, said while presiding over the meeting of the National Committee for the Central Bank’s initiative for the purpose of purchasing solar energy systems: “The loans are in this way similar to interest-free loans,” according to the Iraq News Agency, “Aware.”

He pointed out that "the solar systems must be according to the last specifications that ensure that the systems are easy to use, and have high sustainability, specifications and quality for use by citizens and other activities."

Al-Yasiri stressed, "The launch of specifications and loans is imminent soon," noting that "the year 2022 will witness a qualitative and clear shift in changing the behavior of the Iraqi individual in the use of renewable energy and solar energy not only at the level of state institutions, but will include homes but also at the level of housing complexes with soft loans and all activities." industrial, agricultural, etc.

He explained that "the Central Bank and the concerned banks will be ready to receive loan applications, and we will inevitably see a great demand for such loans, especially since it will be the end of the citizen's suffering from spending on private generators and the pollution they cause to air and hearing and to go to solar energy systems."

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 Baghdad: Shaima Rashid
 
The economic advisor to the Prime Minister, Mazhar Muhammad Salih, praised the Central Bank’s initiative to support clean energy, describing this step as a progressive project that reduces the waste of money spent on the electricity sector. Saleh said in a statement to "Al-Sabah" that the policies of the world's central banks witnessed changes after the global recession in 2008, and its continuation to the "Covid-19" pandemic, noting that the damage to the world's economies prompted most banks to go to support development activities. He added: One of the big problems in Iraq is the electric power, which has drained more than 120 billion dollars, indicating that the process of securing energy is still faltering, due to mismanagement and waste.
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Adviser to the Prime Minister: Electricity in Iraq has drained more than 120 billion dollars and is still stumbling
  
{Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, considered the Central Bank's initiative to support clean energy, as a progressive project that reduces the waste of money spent on the electricity sector.

Saleh said in a press statement, said that "central banks policies in the world have seen changes after the global recession in 2008 and continue down to the pandemic Kovid - 19, indicating that the damage caused to the economies of the world to pay most of the banks to go to support development activities."
He added: that one of the big problems in Iraq is the electrical energy, which drained more than 120 billion dollars, indicating that the process of securing energy is still faltering due to mismanagement and waste.

He made it clear that the population of Iraq is increasing and the demand for electricity is increasing doubly, so the entry of clean energy needed an initiative, noting that the Central Bank had taken this important step to insure that energy units contribute to the production of solar energy, which contributes to the production of solar energy
.

The central bank, has been identified, the benefit of not more than 1% for the granting of loans for the purchase of solar energy systems, stressing that "the year 2022 will witness a qualitative leap and clear in changing the Iraqi individual's behavior in the use of renewable energy, solar energy is not only at the level of state institutions, but will include homes Also, at the level of housing complexes with soft loans and all industrial, agricultural and other activities.”

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  • 4 weeks later...
 
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An Iraqi oil field. "The island"
  

 energy


Economy News - Baghdad

The Ministry of Oil announced, on Wednesday, the development of a strategic plan for the next phase aimed at maximizing national production, increasing financial revenues and gradually shifting to dependence on clean energy.

Jihad said, in a statement reported by the official "Al-Sabah" newspaper and seen by "Al-Iqtisad News", that "the strategy adopted by the ministry in the next stage includes the axis of maximizing national production of gas associated with oil and free gas operations through national effort and cooperation with sober international companies, and transformation Gradual reliance on clean energy instead of liquid fuels, due to its high economic returns and Iraq's commitment to international agreements on the environment and climate.

He explained that "the contracts concluded by the ministry to implement gas investment projects in the governorates of Basra, Dhi Qar and Maysan will contribute by adding large quantities of gas and stopping its burning and waste."

He added that "the second axis includes the intensification of exploratory work in the Western Desert in Anbar and Nineveh governorates, and a number of border areas that contain hydrocarbon compositions, especially gaseous ones."

As for the other axis, Jihad said: “It depends on expanding and increasing the storage and export capacities of the southern ports and developing the infrastructure,” pointing out that “the agreement with Total International to pump 27 billion dollars to implement four strategic projects in southern Iraq,” adding that this is an “important step.” Supports oil production projects, gas investment and renewable energy.

The official spokesman revealed that "a discussion has been opened with the American company Chevron regarding the Nasiriyah province project to produce oil and gas in four exploration blocks in Dhi Qar Governorate, due to its importance in enhancing and sustaining national production," noting that it "will contribute to supporting the national economy and sustainable development projects."

 
 
Views 148   Date added 10/202021
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solar loans

Monday 25 October 2021 88solar loans

Walid Khaled Al-Zaidi
 

We live in a time when our life forms are linked to what is called “fossil energy” derived from oil, coal and gas, and it is a wealth that is about to run out. During use to material production such as iron, plastic or construction industries, or services such as generating electricity and operating air conditioners, for example, these energy sources are transformed during use in giant factories, laboratories, or various workshops into gases that are emitted near the ground and the atmosphere, thus spoiling Air safety, as it pollutes the river and marine environments, and harms the quality of crops and makes them lose their nutritional value, and the benefit from 

its cultivation.
This fact has not been lost on the academic bodies specialized in this vital field in our country, which have called for years to shift from fossil energy to clean energy, similar to what is done in countries, especially those whose climates are similar to that of 
Iraq.
The financial circles in Iraq, through the Central Bank loan initiative, have worked to use solar energy, in support of clean energy generation projects, an initiative that requires everyone, whether specialized or non-specialist, to praise and encourage it, and even stimulate its implementation, as it achieves several goals, commensurate with the specificity of the data Existing in Iraq, it leads to contribute to alleviating the crisis of producing electricity produced from costly, heavy production interactions, while generating electricity from solar energy is economic by all standards, to reduce the consequences of the energy crisis that damaged the economy by spending huge money and because of it increased cases of waste of money, as it was A heavy burden on the Iraqi individual who needs electricity service in his daily life in homes, workshops and various production sites.
Another thing that the country benefits from in solar energy, is to move away from the problem of polluting the healthy environment for life in our country, which inevitably emits from the rest of the petroleum sources, while in the energy derived from the sun, the need for the aforementioned burning sources is eliminated, and work begins with the adoption of clean energy emitted from The sun does not require combustion or emissions of polluting gases to the air and the rest of the environments around us.
An important issue that we can reap the fruits of from this transition in the future, is the scientific and technological transformation to which Iraq can rise to witness a development experience that places it in the advanced ranks of human civilization.
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Wednesday, October 27, 2021 3:05 PM

Baghdad/National News Center

Today, Wednesday, the Central Bank of Iraq announced the allocation of funds to support renewable energy.

The bank's media office said in a statement received by the "National News Center", that "the Board of Directors of the Central Bank of Iraq decided during its meeting for this day, Wednesday, to allocate funds to finance the purchase of renewable energy generation units."

He added, "The Central Bank will enhance the liquidity of banks, which in turn will grant soft loans to citizens and projects to acquire renewable energy generating units according to high specifications and with long sustainability."

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 Baghdad: Shaima Rashid
 
Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, said: Iraq has entered the era of renewable energy, while praising the central bank's important initiative to solve the electricity problem.
Saleh told "Al-Sabah": "Iraq is facing difficulty in meeting its energy needs generated from conventional fuels, while the world has entered the fields of clean energy, meaning there has become difficulty in providing energy from traditional fuels due to the historical accumulation and increased demand."
He added that "Iraq is practically among the ten countries in the world, it is the most supplier of the sun and therefore it is able to produce energy from it," returning the initiative of the Central Bank "is important and qualitative to encourage solving the energy problem and keeping pace with the world in this field."
Adviser to the Prime Minister noted that "the government's policy on electricity is moving forward, as it has plans to provide energy and investment," noting that "Iraq entered into importing electricity and connecting with neighboring countries to help the national grid, as it entered the era of renewable energy, that is, alternatives to electricity and its production from sources other than oil and gas.
He stressed, "the necessity of ending generators as they pollute the environment," noting that "the government is working to provide electricity and improve the reality of equipment through three sources: investing in electricity, importing it from neighboring countries, and generating it from renewable energy."
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Electricity takes an unprecedented step and announces its ambition to produce renewable energy
  
{Local: Al Furat News} The Ministry of Electricity has announced the start of its serious steps to establish a media support team to support renewable energy from solar, wind and other types and to consolidate its concepts in society and preserve it from pollution and increase the carbon footprints. This energy as a first stage.

The official spokesman for the ministry head of the national team to support energy Ahmed Moussa Abadi, said that " the establishment of such a team comes within the national tasks to support energy and reduce the polluting effects and will thus be concerned with the merits of energy subsidies."
And that " the national media team will publish posters of awareness and holding seminars education and awareness information in regards to the harmful effects of pollution and environmental footprint of carbonate, and therefore the team will seek to mainstream the concepts of the exploitation of solar energy, waste recycling and renewable energies and reduce their impact and negative aspects of the environment and the lives of citizens."
And he indicated that "the media team will be with the membership of all the media offices of the ministries and governorate offices, and it will ensure the dissemination of all these concepts on the media channels, and will hold specialized seminars and symposiums in the fields of science and society, in order to open up the culture and knowledge of the citizen's organizations."
He stated that "
Al-Abadi stressed that "the first ceiling for the production of electricity, which the ministry aspires to reach as part of the government's directions, is 7,500 megawatts as a first stage," explaining that "the Ministry of Energy's projects are closed to the Prime Minister, with no directives toward you." It welcomes all companies and offers submitted and is working on studying them technically, financially and economically, and then they are approved.”

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  Baghdad: Muhannad Abd al-Wahhab
 
The Ministry of Electricity announced the start of its serious steps to establish a media support team, to support renewable energy from solar, wind and other types, and to consolidate its concepts in society and preserve it from pollution and the increase in carbon footprints, noting that its ambition is to reach 7,500 megawatts of this energy as a first stage. . The official spokesman for the Ministry of Electricity and head of the “National Energy support Team,” Ahmed Musa Al-Abadi, told Al-Sabah: “The establishment of such a team is within the national tasks of supporting energy and reducing the polluting effects of the environment, and therefore it will be concerned with the terms of energy support.” The national media will work to publish awareness posters and hold educational and media awareness seminars regarding the harmful effects of environmental pollution and the carbon footprint, and thus the team will seek to popularize the concepts of solar energy exploitation, waste recycling and renewable energy, and reduce their impact and negatives on the environment and the lives of citizens.” 
And he indicated that "the media team will have the membership of all the media offices of the ministries and governorate offices, and it will ensure the dissemination of all these concepts on media channels, and will hold specialized seminars and open horizons with civil society organizations and with universities and scientific colleges for cooperation, and thus these concepts will be circulated and consolidated in the culture of the citizen."
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  •  Time: 11/05/2021 09:22:15
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  •  Reading: 1,378 times
Iraq plans to produce a third of its electricity through renewable energy
  
{Economic: Al Furat News} The Ministry of Electricity revealed that there is a plan to start producing renewable energy that is generated from solar and wind energy, indicating that its ambition is to reach the production of more than 7,000 megawatts of renewable energy.

An official in the ministry said in a press statement, "Proceeding with the production of renewable energy can contribute to finding radical solutions to the electricity crisis that worsens every summer."
And he indicated that "the arrival of renewable energy production to 7 thousand megawatts means that Iraq will provide about a third of its total need of electrical energy, which ranges between 20 and 22 thousand megawatts."
The official, who declined to be named, stressed "the need for two important things to support renewable energy, namely, infrastructure, and granting international investing companies facilities to enter the country in order to work in this field."

Iraq has been suffering for decades, a crisis in the field of electricity that is renewed every summer with the increase in demand for electrical energy.

In early July, the country faced an energy supply crisis after organized attacks targeting power transmission towers in a number of governorates, which caused a complete collapse of the country's electrical system, prompting the government to assign the army the task of protecting the towers.

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  • 2 weeks later...
 
 2021-11-17 04:00
 

Shafaq News/ Al-Nahrain Islamic Bank, owned by the Iraqi government, announced on Wednesday that it had launched the financing of the solar energy system for citizens and employees, stressing that it is the first bank that initiated this project.

 

The bank's assistant director, Imad Rassan, said in an interview with Shafaq News Agency, "The bank took the initiative to finance the solar energy system Murabaha, which is granted to the category of employees of state departments and citizens in general," noting that "Al-Nahrain Islamic Bank is the first bank in Iraq to undertake this initiative by financing the establishment of the energy system." solar".

 

Rasan added that "the instructions for citizens and employees are that the maximum amount of financing be 10 million dinars, and that the maximum limit for the financing period is 5 years, with a profit rate (interest) of 5% annually," noting that "the instructions for the second category that deserve to grant this financing are employees whose salaries are endemic to The bank has a maximum financing amount of 10 million dinars for a period of 5 years, with a profit rate of 4% annually.

 

Resan pointed out that "the customer of the citizens must provide one or more sponsors from the employees of the state departments, provided that the net salary equals double the monthly installment," noting that "the monthly installment will be 208 thousand dinars."

 

Rassen pointed out that "the bank encourages, through such projects, that work on solar energy as a clean energy," noting that "the cost of establishing this solar-powered system is cheap, as the price of one amp through this system is $350, and this means that the price of 10 amps is 3500 dollars, which is equivalent to approximately 5 million Iraqi dinars, and these prices differ from one company to another according to the technical specifications of each company.”

 

And the Central Bank of Iraq decided last July to work to encourage the adoption of energy production tools from renewable sources, and to work with the Higher Committee for Lending to ensure the processing of a proportion of the electric energy generated from renewable energy sources (solar panels) in the investment housing complexes benefiting from the initiative.

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 Expenditures


Economy News _ Baghdad

Al-Nahrain Islamic Bank announced, on Wednesday, that it has launched the financing of the solar energy system for citizens and employees, stressing that it is the first bank that initiated this project.

The bank's assistant director, Imad Rassan, said in a press interview, "The bank took the initiative to finance the solar energy system Murabaha, which is granted to the category of employees of state departments and citizens in general," noting that "Al-Nahrain Islamic Bank is the first bank in Iraq to undertake this initiative by financing the establishment of the solar energy system." ".

Rasan added that "the instructions for citizens and employees are that the maximum amount of financing be 10 million dinars, and that the maximum limit for the financing period is 5 years, with a profit rate (interest) of 5% annually," noting that "the instructions for the second category that deserve to grant this financing are employees whose salaries are endemic to The bank has a maximum financing amount of 10 million dinars for a period of 5 years, with a profit rate of 4% annually.

Resan pointed out that "the customer of the citizens must provide one or more sponsors from the employees of the state departments, provided that the net salary equals double the monthly installment," noting that "the monthly installment will be 208 thousand dinars."

Rassen pointed out that "the bank encourages, through such projects, that work on solar energy as a clean energy," noting that "the cost of establishing this solar-powered system is cheap, as the price of one amp through this system is $350, and this means that the price of 10 amps is 3500 dollars, which is equivalent to approximately 5 million Iraqi dinars, and these prices differ from one company to another according to the technical specifications of each company.”

And the Central Bank of Iraq decided last July to work to encourage the adoption of energy production tools from renewable sources, and to work with the Higher Committee for Lending to ensure the processing of a proportion of the electric energy generated from renewable energy sources (solar panels) in the investment housing complexes benefiting from the initiative.

 
 
Views 99   Date Added 11/17/2021
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The headquarters of Al-Nahrain Islamic State Bank in Baghdad
  

 Expenditures


Economy News - Baghdad

The state-run Al-Nahrain Islamic Bank announced, on Wednesday, the launch of Murabaha financing for the installation of the solar energy system for citizens, with amounts amounting to ten million dinars.

An official source in the bank said, in an interview with the official "Al-Sabah" newspaper, which was seen by "Al-Iqtisad News", that "the past few days have witnessed the issuance of Murabaha financing instructions (solar energy system) to citizens."

He explained that "the instructions emphasized the necessity of the applicant's age not being less than 18 years, and that the payment period should be commensurate with the retirement age for the sponsor of the funding applicant, and that the customer submits one or more sponsors from the employees of the state departments, provided that half of the net salary equals double the monthly installment." Or more". 

He added, "This Murabaha is granted to the category of employees of state departments and citizens in general to install solar units in their homes, and the maximum amount of financing is (ten million dinars, with a financing period of up to 5 years as a maximum, and a 5% profit rate annually)."

And he stated, "The second category that deserves to be granted this financing is the employees whose salaries are domiciled with the bank, and the maximum limit for the amount of financing is ten million dinars, and the maximum limit for the financing period is (5) years, with a profit rate of 4% annually, provided that the first installment is due after (30). days) from the date of receiving the goods.

The source pointed out that "the bank's risk management department has completed over the past few days 120 financing transactions."

 
 
Views 138   Date Added 11/24/2021
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