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Tag Archives | Erste Bank

Iraq Signs $290m Loan Agreement with Austrian Bank

By on 19th September 2024 in Agriculture, Investment, Iraq Banking & Finance News

By John Lee. Iraq's Minister of Finance, Taif Sami Mohammed, signed an agreement with the Austrian ambassador to Baghdad to secure a €262.16 million [$291 million] loan from Austria's Erste Group Bank. The loan will fund the development of pivot irrigation systems for the Ministry of Agriculture, with Austrian company Bauer leading the project's execution. […]

Iraqi Cabinet Approves Austrian Irrigation Loan Agreement

By on 2nd September 2024 in Agriculture, Iraq Banking & Finance News, Iraq Industry & Trade News

By John Lee. The Iraqi Cabinet has granted the Finance Minister the authority to sign a loan agreement with Austria's Erste Bank, secured by the Austrian Export Credit Agency (OeKB). The loan will finance an irrigation technology project under the Ministry of Agriculture, in accordance with the Federal Budget Law for the fiscal years 2023-2025. […]