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BondLady & Tlm724 News & Comments 6-12-16 Part 2 of 2
The central bank required banks to deposit 8 amounts in excess of 500 billion dinars
History of edits:: 6.12.2016 13:10 {Baghdad: Euphrates News} committed CBI administration, Sunday 8 banks deposit amounts in excess of 500 billion dinars.
A statement of the bank, the agency {Euphrates News} received a copy of it today, that "the Iraqi Central Bank management has taken a number of corrective action to the situation of some banks," alluding to the "grace of these banks three months to implement these decisions."
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BondLady & Tlm724 News & Comments 6-12-16 Part 2 of 2
The central bank required banks to deposit 8 amounts in excess of 500 billion dinars
History of edits:: 6.12.2016 13:10 {Baghdad: Euphrates News} committed CBI administration, Sunday 8 banks deposit amounts in excess of 500 billion dinars.
A statement of the bank, the agency {Euphrates News} received a copy of it today, that "the Iraqi Central Bank management has taken a number of corrective action to the situation of some banks," alluding to the "grace of these banks three months to implement these decisions."
~~~
He added , "Also, the Board of Directors CBI committed eight banks to deposit amounts in excess of 500 billion dinars to enhance liquidity and to respond to requests from depositors.
he noted that" the Council committed also members of the boards for the return of funds previous loans from their banks banks departments, recording real estate registered in their name , the names of the banks. "
the Prime Minister Haider al - Abadi issued last Tuesday, is appointed new managers for the six banks .anthy http://ift.tt/1UoPFuu
[tlm724] the Council committed also members of the boards for the return of funds previous loans from their banks banks departments, recording real estate registered in their name , the names of the banks. "
[tlm724] ok the CBI is cracking the *whip* the private banks return the funds from loans and also show the registration of their real estate holdings. This is oversight and transparency in the works !
[tlm724] this must be a way to weed out some of these banks and also if the banks cannot reach the new liquidity level it to will eliminate some
tlm724:
Central to take a number of corrective decisions concerning the Status of private banks
06/12/2016 12:57 It committed the central bank, Sunday 0.8 banks to deposit amounts exceeding 500 billion to boost liquidity, adding that he committed also members of their boards return the money that previous loans from their banks.
The bank said in a statement that "his administration has taken a number of corrective action to the situation of some banks , " noting it "gave it three months to implement them."
he said the bank was "committed eight banks to deposit amounts in excess of 500 billion dinars to enhance liquidity and to respond to requests from depositors."
he noted the bank that he "committed also members of the boards for the return of funds previous loans from their banks banking departments, and registration of real estate registered in their name , the names of the banks. "
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http://ift.tt/1UoOUSd
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Document .. Cabinet Approves Housing and banks granting loans proceed
Economy Since 06.12.2016 at 08:57 (Baghdad time) BAGHDAD - balances News
Instructions have been issued and the mechanics of lending for real estate bank loans CBI.
Chairman of the Council of Ministers authentication and has a total amount of (5 trillion Iraqi dinars) on the housing loans are distributed to the provinces by 80% for standard grade population and 20% of the standard degree of poverty that does not increase the loan amount for 50 million Iraqi dinars at a Top each case for a period of ten years and an interest rate of 3% such that the average age of the borrower (22 up to 65 years).
The loan is granted for the purposes of the purchase of residential units in the investment complexes that not less residential area of the unit for 65 square meters or for construction purposes for those who owned residential land is not a minimum area of 100 square meters or less than net construction area of about 65 square meters and the loan is granted for building on farmland or cut Alsnaaah. LINK
[tlm724] Instructions have been issued and the mechanics of lending for real estate bank loans CBI.
[tlm724] Chairman of the Council of Ministers authentication and has a total amount of (5 trillion Iraqi dinars) on the housing loans are distributed to the provinces
[tlm724] sweet the money is on it's way and these people need it, they need homes and this will get one part of the economy rolling Wink
tlm724:
The 50 million dinars include wanting to buy housing units investment loans
12/06/2016 08:20 Said housing fund coverage wishing to purchase units of housing investment projects, at the initiative of the Central Bank of Iraq included lending to 50 million dinars for the citizens maximum, and while noting that the completion lending transaction for a period not exceeding week, confirmed the continuation of the branches in all provinces except Anbar and Nineveh.
The general director under the Ministry of Construction and Housing and public municipal Fund, on behalf of Bahaa Eddin Mustafa said in an interview to the newspaper " Al- Sabah", that the amount lent the Iraqi Central Bank to the Housing Fund of 850 billion, within the lending initiative, will ensure coverage of all applications submitted to the Fund for lending to citizens amount of 50 million dinars at a the highest, for the purpose of building housing units or add building, according desire of applicants inclusive initiative.
the Ministry of construction and Housing and public municipalities, had announced last week that the special loans , which would give the housing fund for citizens, under the initiative launched by the central bank in August of last year of instructions in order to support the agricultural, industrial and real estate banks in addition to the housing fund loans amounting to five trillion dinars.
In terms of the number of applications submitted to the Fund loan payments not received due to the financial crisis, Mustafa said the completion of more than 30,000 lending transaction for citizens, some of whom had not received the loan and others He spent a batch or two batches.
he said the transaction would have required the allocation of 350 billion dinars previously, but he was later transferred to the Central Bank 's initiative, the benefits of three percent instead of two percent and the duration of the payment of the ten not exceeding years instead of 15 years stipulated in the Housing Fund Act , was the amount mentioned insurance.
included Terms initiative borrowers ex who did not receive full payments by submitting a written request with a view to bringing them the initiative to adopt the same as the previous amount up to a maximum of 35 million dinars for the capital of Baghdad, and 30 million for the rest of the provinces and within the Fund 's conditions for the payments received by adopting the mechanism the new terms of the sums lent under the initiative.
With regard to the possibility of granting a loan to buy housing units, said Director General of the Fund under the Ministry of Construction, not to allow the housing so Fund Act, but the new initiative from the central bank, gave citizens the right to obtain a loan to buy housing units, but only that the unit is completed and the cursor in the investment Authority, as it would give Raghib this, the first batch of the loan when submitting guarantor guarantor and (promissory note) written by the notary, with payout him the remainder of the loan after obtaining a property bond.
he stressed that the duration of treatment completion lending will not exceed one week in case enables the citizen to complete all the conditions, revealing the development of an easy mechanism abbreviated routine procedures, as can the citizen to visit the Fund 's website to see the stages of the process for holding the course of treatment and where to arrive, what will facilitate the trouble to come to the headquarters of the fund and its branches in the provinces .
he noted that" the Council committed also members of the boards for the return of funds previous loans from their banks banks departments, recording real estate registered in their name , the names of the banks. "
the Prime Minister Haider al - Abadi issued last Tuesday, is appointed new managers for the six banks .anthy http://ift.tt/1UoPFuu
[tlm724] the Council committed also members of the boards for the return of funds previous loans from their banks banks departments, recording real estate registered in their name , the names of the banks. "
[tlm724] ok the CBI is cracking the *whip* the private banks return the funds from loans and also show the registration of their real estate holdings. This is oversight and transparency in the works !
[tlm724] this must be a way to weed out some of these banks and also if the banks cannot reach the new liquidity level it to will eliminate some
tlm724:
Central to take a number of corrective decisions concerning the Status of private banks
06/12/2016 12:57 It committed the central bank, Sunday 0.8 banks to deposit amounts exceeding 500 billion to boost liquidity, adding that he committed also members of their boards return the money that previous loans from their banks.
The bank said in a statement that "his administration has taken a number of corrective action to the situation of some banks , " noting it "gave it three months to implement them."
he said the bank was "committed eight banks to deposit amounts in excess of 500 billion dinars to enhance liquidity and to respond to requests from depositors."
he noted the bank that he "committed also members of the boards for the return of funds previous loans from their banks banking departments, and registration of real estate registered in their name , the names of the banks. "
http://ift.tt/1tkQM3Z
http://ift.tt/1UoOUSd
~~~~~~~~~~~~~~~~~~~
Document .. Cabinet Approves Housing and banks granting loans proceed
Economy Since 06.12.2016 at 08:57 (Baghdad time) BAGHDAD - balances News
Instructions have been issued and the mechanics of lending for real estate bank loans CBI.
Chairman of the Council of Ministers authentication and has a total amount of (5 trillion Iraqi dinars) on the housing loans are distributed to the provinces by 80% for standard grade population and 20% of the standard degree of poverty that does not increase the loan amount for 50 million Iraqi dinars at a Top each case for a period of ten years and an interest rate of 3% such that the average age of the borrower (22 up to 65 years).
The loan is granted for the purposes of the purchase of residential units in the investment complexes that not less residential area of the unit for 65 square meters or for construction purposes for those who owned residential land is not a minimum area of 100 square meters or less than net construction area of about 65 square meters and the loan is granted for building on farmland or cut Alsnaaah. LINK
[tlm724] Instructions have been issued and the mechanics of lending for real estate bank loans CBI.
[tlm724] Chairman of the Council of Ministers authentication and has a total amount of (5 trillion Iraqi dinars) on the housing loans are distributed to the provinces
[tlm724] sweet the money is on it's way and these people need it, they need homes and this will get one part of the economy rolling Wink
tlm724:
The 50 million dinars include wanting to buy housing units investment loans
12/06/2016 08:20 Said housing fund coverage wishing to purchase units of housing investment projects, at the initiative of the Central Bank of Iraq included lending to 50 million dinars for the citizens maximum, and while noting that the completion lending transaction for a period not exceeding week, confirmed the continuation of the branches in all provinces except Anbar and Nineveh.
The general director under the Ministry of Construction and Housing and public municipal Fund, on behalf of Bahaa Eddin Mustafa said in an interview to the newspaper " Al- Sabah", that the amount lent the Iraqi Central Bank to the Housing Fund of 850 billion, within the lending initiative, will ensure coverage of all applications submitted to the Fund for lending to citizens amount of 50 million dinars at a the highest, for the purpose of building housing units or add building, according desire of applicants inclusive initiative.
the Ministry of construction and Housing and public municipalities, had announced last week that the special loans , which would give the housing fund for citizens, under the initiative launched by the central bank in August of last year of instructions in order to support the agricultural, industrial and real estate banks in addition to the housing fund loans amounting to five trillion dinars.
In terms of the number of applications submitted to the Fund loan payments not received due to the financial crisis, Mustafa said the completion of more than 30,000 lending transaction for citizens, some of whom had not received the loan and others He spent a batch or two batches.
he said the transaction would have required the allocation of 350 billion dinars previously, but he was later transferred to the Central Bank 's initiative, the benefits of three percent instead of two percent and the duration of the payment of the ten not exceeding years instead of 15 years stipulated in the Housing Fund Act , was the amount mentioned insurance.
included Terms initiative borrowers ex who did not receive full payments by submitting a written request with a view to bringing them the initiative to adopt the same as the previous amount up to a maximum of 35 million dinars for the capital of Baghdad, and 30 million for the rest of the provinces and within the Fund 's conditions for the payments received by adopting the mechanism the new terms of the sums lent under the initiative.
With regard to the possibility of granting a loan to buy housing units, said Director General of the Fund under the Ministry of Construction, not to allow the housing so Fund Act, but the new initiative from the central bank, gave citizens the right to obtain a loan to buy housing units, but only that the unit is completed and the cursor in the investment Authority, as it would give Raghib this, the first batch of the loan when submitting guarantor guarantor and (promissory note) written by the notary, with payout him the remainder of the loan after obtaining a property bond.
he stressed that the duration of treatment completion lending will not exceed one week in case enables the citizen to complete all the conditions, revealing the development of an easy mechanism abbreviated routine procedures, as can the citizen to visit the Fund 's website to see the stages of the process for holding the course of treatment and where to arrive, what will facilitate the trouble to come to the headquarters of the fund and its branches in the provinces .
He Mustafa that provide treatment and received the loan will be through branches scattered across the provinces through the completion of the procedures all , including the stage of receipt of the instrument, especially that all branches work including Salahuddin province branch, with the exception of the provinces of Nineveh and Anbar. He
also revealed general manager the granting of more than 70 thousand loan since the establishment of the fund and so far, to assist in the establishment of units, they returned the figure was "very significant", while denying the existence of problems with the citizens in the process of paying the monthly installments except for some individual cases.
and on the delayed citizen to pay the premiums for 24 months, stressed the Director General of the Fund under the Ministry of Construction, the legitimacy of the fund filed a lawsuit to take legal action against violators, noting the continuing fund although not receiving the financial allocations for this year regardless payments to citizens through the accumulated money from monthly to borrowers premiums.
It is said that the loan is granted on condition that there will be residential land on the face of independence or rumored for the citizen, and should not be a minimum area of 100 m2, and a building area of not less than 65 m2, it also includes all citizens between the ages of 22 and 65 years, except for the citizens of the Kurdistan region, it also does not include farmland or industrial.
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http://ift.tt/1tkQTg2
also revealed general manager the granting of more than 70 thousand loan since the establishment of the fund and so far, to assist in the establishment of units, they returned the figure was "very significant", while denying the existence of problems with the citizens in the process of paying the monthly installments except for some individual cases.
and on the delayed citizen to pay the premiums for 24 months, stressed the Director General of the Fund under the Ministry of Construction, the legitimacy of the fund filed a lawsuit to take legal action against violators, noting the continuing fund although not receiving the financial allocations for this year regardless payments to citizens through the accumulated money from monthly to borrowers premiums.
It is said that the loan is granted on condition that there will be residential land on the face of independence or rumored for the citizen, and should not be a minimum area of 100 m2, and a building area of not less than 65 m2, it also includes all citizens between the ages of 22 and 65 years, except for the citizens of the Kurdistan region, it also does not include farmland or industrial.
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