CBI directs to facilitate the procedures of Granting Loans to purchase renewable Energy Systems

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CBI called on licensed banks to facilitate the procedures for those wishing to obtain loans of the renewable energy initiative, and to adopt new mechanisms that give the borrower of this initiative the right to choose the lending bank without the need to transfer the settlement of his salary, if he has another bank, and to collect the installments due from the borrower through electronic clearing system. As for those who didn’t settle their salaries, they borrow from banks participating in this initiative, in return for guarantees accepted by the lending bank.

 

Central Bank of Iraq

Media Office

14.Sep.2022