(Statement) initiative one trillion dinars to finance small and medium enterprises

January 14, 2019

As part of the contribution to support the Iraqi economy, the Central Bank announced its initiative one trillion dinars to finance small and medium-sized projects granted the Central Bank of Iraq banks participating in this initiative more than 33 billion dinars during the year 2018 to lend citizens wishing to establish new projects.

He wished to clarify that the bank that the total amounts given to banks since the start of the initiative to finance small and medium enterprises in the year 2015 to 31/12/2018 amounted to more than 73 billion dinars, these projects were distributed on various sectors and the proportion of the commercial sector 59% and services 25% and industrial 12 % And agricultural 4%.

The initiative includes 34 banks, 33 private banks and one government bank, while loans for these projects ranged from five million dinars to 50 million dinars and could reach 100 million dinars after approval by the Central Bank.

It is noteworthy that all Iraqis are entitled to apply to the initiative of financing the small and medium-sized projects through the website of the initiative provided that the legal age of the borrower, especially that the benefits of loans supported and facilitated procedures.


https://cbi.iq/news/view/968