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SMEs need funding to speed

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1 SMEs need funding to speed on Sun Nov 22, 2015 2:41 am

Rocky


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SMEs need funding to speed




11/22/2015

BAGHDAD - Hussein al-Tamimi Tgb

ensure funding is the most important episodes expansion firing industrial loans to beneficiaries audience of small and medium-sized projects aimed at starting phase of real development sought by Iraq for the next stage, in light of the integration of the preparations for the start of the lending process adopted by private banks, the biggest support from the central bank financing Iraqi.

Executive Director of the Iraqi company for banking competencies Rolla Saleh confirmed the continuing rehabilitation of specialized process lending banking competencies process, through training courses organized in the company, pointing out that the aim of creating efficiencies able to achieve a smooth flow of high lending program.

She said in an interview for « Sabah »: The ongoing courses under the supervision of experts in the banking financing and the granting of loans in the disciplines of financial analysis, credit control and as well as in detailed how projects and mechanisms adopted begin to address the losing projects.

Good drawn to the importance of the Iraqi Central Bank cooperation for the success of lending to small and medium enterprises process, pointing out that there should be a special department is authorized for this program to facilitate the mechanics of granting loans in part attributable to the central bank.

She pointed to the need to speed up the granting of loans for projects in the presence of a large turnout of citizens them after seeing the conditions the court set by the specialized committees investigating the economic feasibility of the economy national and family.

She drew good that guaranteed loans and going in the direction you set aside for him, indicating the importance of the orientation of these projects that have achieved great successes in many countries of the world and contributed to the great economic renaissance, referring to the possibility of benefiting from successful international experiences that have been adopted in countries Long live the similarity of circumstances experienced by Iraq now.

Saleh praised some of the banks concerned, which began lending operations and create specialized units, including the Assyrians, the Middle East and the Iraqi Union, indicating they contribute to directing loans in the right direction that achieves the goals of the loans.

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