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Investors Iraq News
09-24-2013, 05:10 PM
To address housing crisis, bank capital raised by Iraq

Iraq is presently planning for increasing the combined capital of the only two governmental banks within the country. The current fund of 23 million USD will be raised to $360 million by the next year. Deputies in parliament say that this increase is aimed at supporting housing loans for citizens, in order to help them face the increasing housing crisis within the country.

Source: IraqDirectory.com (http://www.iraqdirectory.com/en/2013/09/21/25101/to-address-housing-crisis-bank-capital-raised-by-iraq.aspx)

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