Al-Anbat Ola Rasheed
According to the Central Bank, the value of
funds loaned by local banks in the first two months of this year was 424
million dinars.
The total value of loans at the end of February reached 30.45 billion
dinars, compared to 30.02 billion dinars at the end of last year, according to
the schedule of credit facilities granted by banks according to type.
Thus, the value of credit facilities increased in the first two months
by 1.4% compared to its level at the end of the year.
Credit facilities are defined as the services provided to customers by
which individuals, institutions and establishments in the community are
provided with the necessary funds, provided that the debtor undertakes to pay
those funds, their interests, the commissions due on them and the expenses in
one go or in installments on specific dates. Bank credit is granted based on a
set of conditions, including the existence of guarantees. Which guarantees the
bank to recover his money in the event the customer stops paying without any
losses.