Tuesday, March 15, 2011

Financial loans will not be released until after the new controls

On: Tuesday 03/15/2011 11:10

Saidi
Denied adviser to the Ministry of Finance and General Manager of Bank of Mesopotamia and the agency Zia Habib Alckheon launch of the Ministry of Finance advances and loans for the time being unless the re-consideration of controls and mechanisms of credit and lending with the allocation of sufficient funds to them.
He Alckheon in response to a newspaper Baghdad news on previous loans to credit, which included all those who have borrowed previously was fair both for the degree of special and high or to Mozvien young, indicating that lending to the disabled senior and special fiftieth salary was because of their ability to pay premiums advance, which may reach installments of one million dinars, and this is what fails to pay young employees in the event that comprised the advance. For his part, Director General of the Rasheed Bank Kazem fistula that all previous credit was fair and that the amounts that had been allocated for loans discussed above about just before the entry into force, including salary advance session.
Accused the staff of the financial community and the banks that it was unfair in lending to people, especially after he loaned with the higher grades and for large amounts of money and got to fifty salary of the borrower, although the owners of those grades receive the privileges of not getting the staff with the lower grades, and despite the cessation of such loans Since mid-2009, which according to many officials are scrambling them and took the branches of a bank of good and Mesopotamia to receive loans, leaving Fatafeat amounts to the average employee and this in turn Astnfzv amount of two billion and a half from the treasury of the Ministry of Finance.
Sinan Mamouri employee in the Ministry of Construction and Housing said he spent six years in the job did not include any loan or advance from the Ministry of Finance, either because of difficulty controls credit or because of the identified categories are awarded them, and that loan fifty-salary grants to people who are not in need of them for possessing the privileges do not know them simplest officer in the Iraqi government, so I think that loan fifty salary was not fair for the staff because of the focus on the category without the other.
As Jassim Silverline employee in the education of Rusafa third had a Rookr pointed out that the financial when controls have been established for the granting of a loan session the salary of the degrees of was unfair to a wide range of state employees who have privileges as it exists in the House of Representatives and the ministers and officers, judges must therefore be the Ministry of Finance re- consider granting loans when it is launched during the coming period to include all staff and not a class at the expense of another class.
For its part, said Officer Roa Hassan Aziz in the ministry of electricity it has become a dream of obtaining an advance, even if the amount is simple because every time the Ministry issues a decision to grant loans or advances, they put Ohd controls and mechanisms in order to be taken advantage of a special category ministry you know at the expense of the poor state employees.
As confirmed by a member of the Finance Committee in the House of Representatives Abdul-Hussein al-Yasiri that the administrative boards of the banks are put controls and mechanisms by which the granting of loans to employees and citizens, which sets interest rates that are deducted from the recipient of the advance or loan.
Yasiri said in a statement singled out by the news agency Baghdad Alabaripan the granting of advances and loans is a process of support for the Iraqi economy, but must be done according to the special mechanisms agreed upon by all economists with the departments of government banks for the coverage of all citizens, and the inclusion of scores for a loan of fifty salary without the others, and also the inclusion of a small number of staff advance five million have been suspended after the entry into force of the amount allocated to it and you see the 2 and a half.
He pointed out that Yasiri hope of the Ministry of Finance to review the controls and mechanisms of the granting of loans and advances to include the greatest possible number of citizens.
The General Manager of Bank of Mesopotamia and the agency Zia Alckheon that granting a loan to pay the fifty degrees of it was fair because of their ability to pay installments of $ million dinars per month, which has not been given to young staff due to their inability to pay premiums to double their monthly salaries.
He Alckheon he does not have the intention to launch the ministry advances and loans for the time being unless it is reviewed and mechanisms and controls to increase the amount allocated to it.
For his part, said Director General of the Rasheed Bank Kazem fistula that the policy of the bank in lending and credit, they policy is not new, but is present since the founding of the bank, but were subject to the development and amendment, so the bank will grant loans for the Erhnoa guarantees property of their money, but for the staff they are not customers, but customers with the bank, and a wide range of types of advances, loans, under the guidance of the Ministry of Finance is to assist staff in meeting their needs, and level of bank operation to repay loans from their monthly salaries for a period ranging between 15-25 years and an interest rate ranging between 3-8% depending on the duration loan or advance and the quality of the borrower or beneficiary, so we see the process of granting a loan fifty salary was fair.
Although considered by many economists and financial credit that was fair, but many of Mozvien Igtbroh away from the fair because people with high needs and special exhausted large amounts of a trillion and a half, especially since some of the salaries of more than several millions of dinars.
http://www.baghdadiabian.com/news.php?action=view&id=4169

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