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FinancialNews


  • 04-10-18

    Iraq's trade bank inks loan deal to support SMEs

    (MENAFN) Trade Bank of Iraq was unveiled to have secured a loan deal with Commerzbank, aiming to lend a hand to small and medium sized enterprises in Iraq.

    In a statement, the government owned lender announced that it looks to support both public and private sectors.

    The Iraqi bank confirmed that it seeks to support the sectors through helping up to USD115 million worth of their projects.

    The agreement is to prioritize export deals handed out to clients of Commerzbank in Germany as well as other European countries.

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