Tue, March 31 / March 2015 12:26
Rasheed Bank said, continuing off the advances and personal loans, the 100 salary] for further notice, noting that "he still operates the granting of loans for small projects."
According to a statement of the bank, on Tuesday, the agency received all of Iraq [where], a copy of it, "There are a lot of weak souls that seek to exploit the citizen owners, through the sale and promotion of private advances and loans forms that are not healthy for its existence at the present time."
He stressed that "continue to stop advances and personal loans, the 100 salary] To further notice", adding that "this measure regards private banking work and regulatory matters."
The statement noted that "the bank still operates granting small businesses loans, and loans to widows and divorcees, and advances to the marriage and retirees, as well as industrial, agricultural and service and other projects."
He continued, "as the bank is continuing to contribute to the support of investment projects that raise GDP and national income that goes to the establishment of residential complexes that contribute to the reduction of the housing crisis."
He was a member of the parliamentary finance committee Jabbar al-Abadi, said 24 of this March, for [where], that "the advance of the 100 salary parked to the lack of financial liquidity in the banks and this is what told by the Ministry of Finance after our inquiry, including for reasons not to launch such advances," noting that "the ministry stressed that he check in case of financial abundance general budget Vstqom launch these advances."
The Ministry of Finance confirmed earlier that stop advance the 100 salary and 5 million dinars comes as a result of the lack of liquidity for banks and need banks to regulatory procedures, said Undersecretary Fadel prophet, that the return of the predecessor to the staff of the state depends on the provision of liquidity to the banking Rafidain and Rasheed.
The, the Ministry of Finance decided since 2008 and the bank through the Rafidain and Rasheed, in coordination with the ministries and government departments, grant advances and loans to employees different on only employee serving less than five years in accordance with the conditions and regulations specified for that, and that does not exceed the loan of 50 million and an interest rate of 8% on the be paid within ten years.
It is said that the appearance of Mohammed Saleh, an economic advisor to Prime Minister Haider al-Abadi, confirmed for [where] on 20 March, the government's determination to secure the release of soft loans to citizens and the allocation of pension salaries Everyone product as collateral for social H.anthy
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