Industrial Bank: granting loan guarantees to broaden the base of the banking deal

Author: bian5 on: Sun 21/07/2013 01:49 pm


News Source: Baghdad 2



BAGHDAD / WAP / The general director of the Industrial Bank Mohamed Abdel Wahab Abdel-Qader said the bank granted loans guarantees, industrial, commercial or residential in order to broaden the base of the banking deal.

Abdul Wahab said the Baghdad International News Agency / WAP /, that "the bank granted loans to ensure the machines, as well as the loans are granted to small projects of up to 20 million dinars to ensure two guarantors staff provided that they are on the permanent staffing."

He said, "The bank will postpone repayments in order to facilitate the work of industrialists and traders who obtained loans from the bank to sustain industrial and commercial activities."

He said, "The bank has ten branches scattered in all the governorates of Iraq, including four branches in Baghdad and six branches in the provinces (Basra, Mosul and Hilla, Karbala and Najaf), and work is underway to set up two new branches in Samawah and Kirkuk."

And in between, that "the bank Associate (27) Company from companies mixed and major private, including companies (chemical industries, paper, paints, light, electronic and soft drinks, furniture and furnishings, Fallujah and the vine and other companies), indicating that the money paid, which carried out the bank to these companies amounted to more (88) billion dinars contributed to the development of production processes after the introduction of the production lines and the operation of all plants and absorb unemployment all laboratories and absorb unemployment. "/ End 2


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