2024-03-06T07:34:54+00:00
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/ The Commerce Financial institution of Iraq (TBI) and the Iraqi Insurance coverage Firm joined, on Wednesday, the Al-Rashid and Al-Rafidain authorities banks in stopping the deduction of mortgage installments for one month, whereas the Ministry of Finance set the date for resuming their deduction.
The Commerce Financial institution of Iraq, TBI, stated in a press release acquired by Company, “We announce the suspension of deducting mortgage installments for all worker debtors for one month solely on the event of the holy month, and suspending their fee after the tip of the month of Ramadan.”
He acknowledged that this got here “in implementation of the Prime Minister’s directives to cease deducting mortgage installments for all staff on the event of the month of Ramadan.”
For its half, the Ministry of Finance confirmed the choice to cease gathering month-to-month installments for advances and loans in banks and insurance coverage premiums in insurance coverage corporations.
She stated in a press release acquired by Company, based mostly on the directives of the Prime Minister and the Minister of Finance, and with the approaching month of Ramadan, it was determined to cease gathering the month-to-month installments for advances and loans granted to staff (civilian and navy) and retirees from banks affiliated with the Ministry of Finance, and to cease deducting insurance coverage premiums for advances and loans in… Insurance coverage corporations are anticipated to renew deductions after Eid Al-Fitr.
She defined that this initiative comes to cut back the burden on beneficiaries of presidency loans and advances, bear in mind the residing circumstances of state staff and retirees, and improve the buyer want on this holy month.