Parliamentary Finance: Government Banks Did Not Comply with Sudanese Directives
Shafaq News / Member of the Parliamentary Finance Committee, Moen Al-Kazmi, confirmed on Monday that government banks do not comply with the Sudanese directives on the loan interest rate.
“A lot of the advances and loan money in banks is privately owned, and it does not necessarily have to be bank money, so there is no interest consideration and reduction,” Kadhimi told Shafak News.
He added that “the simple employee, if he wants to take an advance of 10 million dinars from banks, he will pay 14 million with the interest rate.”
Al-Kazmi explained that “the parliamentary finance committee will host during the coming period the governor of the Central Bank and bank managers to discuss the mechnism of granting loans and advances to employees and citizens,” noting that “the banks do not comply with the directive of the Prime Minister on that the interest rate is decreasing and not fixed.”
On March 26, a source familiar with the matter told Shafaq News that most government banks still adopt a fixed interest method on advances and loans despite the directives of Prime Minister Mohammed Al-Sudani to recalculate bank interest.
The Sudanese had directed government banks by adopting dwindling interest on loans and advances.
No comments:
Post a Comment