| 2008: Iraq Finance Ministry to provide Real Estate Bank with $82 million |
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February 20, 2008 Finance Minister Baker Jabr Zubaidi announced that finance Ministry is intending to provide Real Estate Bank with 82 million dollars in order to enhance its ability to give loans to citizens. Finance Minister pointed out that the Ministry will grant Real Estate Bank 100 billion Iraqi Dinars in order to increase the Bank’s capacity to grant Real Estate loans to the citizens that are willing to borrow. In the same time, he stressed that Real estate Bank shall spend the money that is still in the bank the amount of which is of 90 billion dinars during the next 6 months. |