Financial consensus on the exercise of the Industrial Bank of comprehensive banking, similar to بمصرفي Rafidain and Rasheed

Author: bian5 on: Sun 08/25/2013 01:31 pm


 News Source: Baghdad 2




BAGHDAD / WAP / Industrial Bank announced the approval of the Ministry of Finance for the direct exercise of universal banking, similar to بمصرفي Rafidain and Rasheed.

The general director of the Industrial Bank Mohamed Abdel Wahab told Xinhua Baghdad International / WAP / Sunday, "The Ministry of Finance and approval of the direct exercise of the introduction of Universal Banking in the Industrial Bank, as the bank specialist loans industrial now will begin granting commercial loans, similar to بمصرفي Rafidain and Rasheed."

"The bank continues to grant loans guaranteed by sponsors where they are granted ten million dinars for the borrower who has a sponsor and one which should be on the permanent staffing of his department and twenty million dinars for the borrower who has كفيلين with the provision of the lease and the identity of the Federation of Chambers of Commerce."

He pointed out that "the bank credit plan for this year amounted to 35 billion dinars were spent 20 billion dinars from the credit plan for the bank and we are continuing the completion of the rest of the plan for the remainder of the year."

And that "the bank has issued instructions to facilitate the procedures for granting loans small businesses, including out of the Commission inspection is one of the branch and the General Administration of detecting the financial value of the borrower after it was out of two first section and the second from the General Administration of the borrower, and the interest FAILURE vary between loans banking facilities where interest loans ranging between 9% to 10% interest either banking facilities shall be according to user where the amount of interest the first year 12%, while 13% the second year The third year will be 15% by the facilities both medium and large. "

He explained that "the bank has nine branches, four in Baghdad and five in the provinces (Basra, Mosul and Hilla, Karbala and Najaf), and that the bank decided to grant loans to buy cars and be productive value of the loan by the guarantee provided residential." / End 2



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