Cabinet decides to increase the capital of the Land Bank to 500 billion dinars

06/07/2014 17:49



Long-Presse / Baghdad

Cabinet announced, today, Sunday, from real estate to increase the bank's capital to 500 billion dinars after it was 150 billion dinars, noting that the decision came after an amendment to an earlier decision of the Council in the current year.

The cabinet said in a statement received (range Press) copy of "The Council approved an amendment to paragraph (1) of the Council of Ministers Resolution No. (234) for the year 2014, and included the capital increase of the Land Bank of an amount of one hundred and fifty billion dinars to an amount of five hundred billion dinars, and by raising the amount of the bank's capital to the amount of real estate of $ three hundred and fifty billion dinars for the year 2014 /.

The Council added that "the Council added an amount of one hundred and fifty billion dinars for the year 2014 /".

The Land Bank of the Iraqi one State-owned banks, was founded in Baghdad in 1948, and has a number of branches in the capital and the provinces., And the Real Estate Bank role in the mission of the advancement of civilization and urbanization of the country and solving the housing crisis, it is the only party responsible for the support of the citizens and their lending to the construction of residential homes of their own interest rate soft and achieve a stable policy in stimulating physical movement in the country.

The Council of Ministers decided, on Sunday, considering the current year, not failure, in addition to considering an employee who dies as a result of military operations as a martyr and has the rights arising from it all, while stressing the formation of a committee headed by Deputy Prime Minister Saleh al-Mutlaq Relief and shelter displaced families as a result of operations "terrorist "The allocation of an amount of 500 billion dinars for the completion of its work.

It is noteworthy that Iraq currently stands at a dangerous crossroads, may lead to torn, as a result of the deepening political crisis and violence in its lands, as a result of the control of armed groups on large tracts of land, and control of their entire cities, notably Mosul (405 km north of Baghdad ).

The organization (Daash) may impose its control over the northern city of Mosul, the center of the province of Nineveh, (405 km north of Baghdad), in (June 10, 2014), and seized the security headquarters where the airport, and released hundreds of detainees, which led to he married hundreds of thousands of the families of the city to the surrounding areas and the Kurdistan region, also extended Activity Daash, to the provinces of Salahuddin, Kirkuk and Diyala.


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