An easy term loan program has been launched by Iraqi Finance Ministry's Industrial Bank on Thursday to support country’s private industrial sectors. Mohamed Abdel Wahab, General Manager of the Bank, stated that total 20 million dollars have been allocated by the government for the loan seeking companies or individual entrepreneurs. These loans can be repaid within 25 years.
This support program has been initiated by the government to rejuvenate the Iraqi business sector. Those who are seeking loans, have to submit their official applications, credentials and guarantees as explained by Mr. Mohamed Abdel Wahab.