Baghdad (news) .. Announced that the Iraqi Company for Bank Guarantees for the deviations of the total value of loans guaranteed by the company to (50) million.
The managing director of the Company Secretary Abdul Sattar Amin in a statement received by the Agency (news) a copy of it on Monday: The existence of the Iraqi Company for Bank Guarantees has laid the foundations of stability in the Iraqi private sector and easy to establish or expand hundreds of projects that are run by women (11%) them.
He added that the $ (50) million dollars may not seem significant in the big financial community. But for (4000) of the person who started Ryadjie projects or expand their projects they finance banker supported the existence of guarantees, the latest million of this amount is a difference in achieving success.
He said: Akaflat that the results of last year recorded an increase (33%) the results of the previous year and as a result of expansion in the overall loan portfolio of small and medium-sized and mainly in the sectors of small-scale industries, trade and services in Iraq.
He explained: that the company became a private joint stock and has (34) contributions from companies and individuals from the private sector and owned eight private banks pay a fee and the amount (2%) to the company to meet to ensure the company's (75%) of the loan amounts and this cost is usually borne by the borrower.
It is worth mentioning that the Iraqi Company for Bank Guarantees is a financial institution's private banking to ensure payment of up to (75%) of the value of loans ranging from (5000) and $ (250000) and $ offered by private commercial banks to small and medium enterprises in Iraq. / Finished / d. Q
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The managing director of the Company Secretary Abdul Sattar Amin in a statement received by the Agency (news) a copy of it on Monday: The existence of the Iraqi Company for Bank Guarantees has laid the foundations of stability in the Iraqi private sector and easy to establish or expand hundreds of projects that are run by women (11%) them.
He added that the $ (50) million dollars may not seem significant in the big financial community. But for (4000) of the person who started Ryadjie projects or expand their projects they finance banker supported the existence of guarantees, the latest million of this amount is a difference in achieving success.
He said: Akaflat that the results of last year recorded an increase (33%) the results of the previous year and as a result of expansion in the overall loan portfolio of small and medium-sized and mainly in the sectors of small-scale industries, trade and services in Iraq.
He explained: that the company became a private joint stock and has (34) contributions from companies and individuals from the private sector and owned eight private banks pay a fee and the amount (2%) to the company to meet to ensure the company's (75%) of the loan amounts and this cost is usually borne by the borrower.
It is worth mentioning that the Iraqi Company for Bank Guarantees is a financial institution's private banking to ensure payment of up to (75%) of the value of loans ranging from (5000) and $ (250000) and $ offered by private commercial banks to small and medium enterprises in Iraq. / Finished / d. Q
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