Finance: Reduce the benefits of commercial loans is possible and requires the enactment of the

Baghdad / Baghdadi news / ... the Ministry of Finance confirmed, Sunday, that the process of reducing the benefits of commercial loans from the Rafidain and Rasheed is not possible at the present time and need to Act legislation in the House of Representatives.

The bank meets Rasheed and Rafidain benefits estimated at 7% on the total value of the loan for commercial loans, while loans excludes housing and industrial development of these benefits.

A spokesman for the Minister of Planning and Minister of Finance Agency Abdul Zahra al-Hindawi told / Baghdadi News / "The reduction of interest rates on commercial loans is not possible at the present time because the amounts granted as loans belonging to private creditors deposited their money in the bank to get the benefits, Therefore, the benefits will lead to a reduction in the budget deficit bank and تكبيده heavy losses. "

He said the "move towards reducing the loans need to Act legislation in the House of Representatives allocates funds to cover the deficit if the government sought to reduce the rates charged to the loans mentioned and this will probably happen soon." Finished / 21 h


http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.4.hathalyoum.net/iraqnews.php%3Faction%3Dsit%26cd%3D0%26sid%3D205214&usg=ALkJrhiJu2b0OHnDL1jDwcakZjlaf-R8PA