Agency Anababgdad International / Ghani al-Saidi
Industrial Bank announced an increase in credit limit of small loans to five billion dinars after it was billion dinars.
The Director General of Industrial Bank and Agency Mohamed Abdel Wahab said in a statement singled out by the news agency, Baghdad International said the Board of Directors of the Industrial Bank decided to increase the credit limit for a loan of Fifteen million dinars billion dinars to five billion dinars, according to a study prepared by the Board of Directors and will be submitted to the Ministry of Finance in order to obtain the approval of the Minister of Finance Dr. Rafie al-Issawi and direct it through the next few days.
"Abdel-Wahab said loan fifteen million dinars will be awarded to the owners of small loans through the controls have been set by the board of directors of the bank, which include to be the applicant for a loan, the identity of the Union of Iraqi Industrialists and is to submit a study with a goal of the project to be done through loan, and is to submit its own archives identity, image, and originally held the rental certificate and also to provide Performance Guarantee, indicating that the sponsor brought a letter from his department shows its continuity of service and the amount of his salary.
He noted that the Board of Directors of the Bank to grant loans to industrialists for the purchase of cars industrial productivity, which will contribute to raising the productive process in Iraq and that the bank will grant 75% of the value of the car to be purchased and be the same as the interest acquired from other loans that are granted from the bank.
The general manager of Industrial Bank that the bank and through the banking facilities granted to industrialists is designed to provide loans for fixed assets for the project satellite that will be paid the dates set to hold the loan and that did not exceed the term of the loan and Tagelath (5-7) years and we're also participate in the establishment of companies Industrial yet sure of the technical and economic feasibility and performing procedures of incorporation and the underwriting of industrial companies and to contribute in accordance with the Companies Act.
He said the bank also aims to prepare feasibility studies for industrial projects to enable them to promote industrial development in Iraq and provide the necessary proposals thereon to the concerned sectors.
He stressed that we are working to provide advice to the industrial sector in their respective fields and we also do all the activities of commercial banking practiced by other commercial banks, he said, adding that the bank will during the next few days to provide financial assistance for graduate students in order to complete the treatises of their own and through cooperation with the Department of Studies and banking operations in the Industrial Bank http://www.baghdadiabian.com/news.php?action=view&id=4939
Industrial Bank announced an increase in credit limit of small loans to five billion dinars after it was billion dinars.
The Director General of Industrial Bank and Agency Mohamed Abdel Wahab said in a statement singled out by the news agency, Baghdad International said the Board of Directors of the Industrial Bank decided to increase the credit limit for a loan of Fifteen million dinars billion dinars to five billion dinars, according to a study prepared by the Board of Directors and will be submitted to the Ministry of Finance in order to obtain the approval of the Minister of Finance Dr. Rafie al-Issawi and direct it through the next few days.
"Abdel-Wahab said loan fifteen million dinars will be awarded to the owners of small loans through the controls have been set by the board of directors of the bank, which include to be the applicant for a loan, the identity of the Union of Iraqi Industrialists and is to submit a study with a goal of the project to be done through loan, and is to submit its own archives identity, image, and originally held the rental certificate and also to provide Performance Guarantee, indicating that the sponsor brought a letter from his department shows its continuity of service and the amount of his salary.
He noted that the Board of Directors of the Bank to grant loans to industrialists for the purchase of cars industrial productivity, which will contribute to raising the productive process in Iraq and that the bank will grant 75% of the value of the car to be purchased and be the same as the interest acquired from other loans that are granted from the bank.
The general manager of Industrial Bank that the bank and through the banking facilities granted to industrialists is designed to provide loans for fixed assets for the project satellite that will be paid the dates set to hold the loan and that did not exceed the term of the loan and Tagelath (5-7) years and we're also participate in the establishment of companies Industrial yet sure of the technical and economic feasibility and performing procedures of incorporation and the underwriting of industrial companies and to contribute in accordance with the Companies Act.
He said the bank also aims to prepare feasibility studies for industrial projects to enable them to promote industrial development in Iraq and provide the necessary proposals thereon to the concerned sectors.
He stressed that we are working to provide advice to the industrial sector in their respective fields and we also do all the activities of commercial banking practiced by other commercial banks, he said, adding that the bank will during the next few days to provide financial assistance for graduate students in order to complete the treatises of their own and through cooperation with the Department of Studies and banking operations in the Industrial Bank http://www.baghdadiabian.com/news.php?action=view&id=4939
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