Private banks reveal initiatives related to the cultural and social sectors
economic Last update 01/14/2022 | 7:18 pm
Today, Friday, the Association of Iraqi Private Banks revealed several initiatives related to the cultural and social sectors.
The Executive Director of the Association, Ali Al-Mustaf, said, "The initiatives are from the Community Initiatives Fund, which is supervised by the Central Bank of Iraq and the Association of Banks and is financed by donations from the banking sector," noting that
"this fund worked during the previous periods for several projects, the last of which was Al-Mutanabbi Street."
Al-Mustaaf pointed out that “there are upcoming projects, we are working on a new integrated building for 100 inmates in Dar Al-Rashad and the work will be completed in mid-March, in addition to the rehabilitation of Al-Hassanin Square near the two-story bridge, and we have contributed to completing the orphanage run by Hisham Al-Dhahabi. cultural and social.”
He added, "Each project has specific financial allocations according to its type, and the fund is fed on a monthly basis from banks as donations,
so the allocation is not fixed, but rather mobile according to banks' donations, or sometimes we invite banks to donate to a specific project so that its allocation is certain," explaining that
"these projects end at the end of the month." The fifth of the current year.” Ended/25