Saturday 05/12/2012
Baghdad (news) ..
Most likely the deputy governor of the Central Bank of the appearance
of Mohammed Saleh, to report on the status of financial Sergeant Warka
Bank to the Central Bank during the next few days to know the status of
the bank in terms of financial assets and financial liabilities of
Foreign Affairs, to take legal action in the light of the report.
Saleh said (of the Agency news) on Saturday: The matter is still undecided about the Warka Bank as a major bank and its operations are complex and evaluation of assets of financial need and a long time, and the central bank is now waiting for Sgt. Financial will submit his report within the next few days to temporary administration of the bank "guardian "It is then submitted to the Central Bank to determine if the bank can continue and" life "to help him, or needs to extend his custody until the solution of financial problems.
And: that the report of Sergeant Financial includes an inventory of financial assets and liabilities of foreign bank and see if there are significant losses in the head money, and in the light not know the status of the bank, noting that the central bank will be required from the Ministry of Finance granted financial loans long futures in the event of a sharp decline in its financial, or resorting to participation by other banks as stipulated by the law of Iraqi banks in Article (66) No. (64) for the year (2004).
It is noteworthy that the Board of Governors in the Iraqi Stock Exchange canceled the listing of the Warka Bank from the market, in accordance with paragraph IX of Article V of the instruction number three amended for the year 2011, which provides for the write-off company from the listing if the stoppage of circulation for six months without taking action suitable for the appeal, pointing out that the Warka Bank is dependent on the eighth trading since February 2010.
The Warka Bank for Investment and Finance, which was established in 1999, (130) 130 branches and (350) ATMs in all parts of Iraq. Has developed the Central Bank of three-phase plan to raise banks' capital to 213 million by June 2013 to stimulate lending in the time who is recovering from the Iraq sanctions and the U.S. invasion in 2003. / Finished / 8. d. Q
Saleh said (of the Agency news) on Saturday: The matter is still undecided about the Warka Bank as a major bank and its operations are complex and evaluation of assets of financial need and a long time, and the central bank is now waiting for Sgt. Financial will submit his report within the next few days to temporary administration of the bank "guardian "It is then submitted to the Central Bank to determine if the bank can continue and" life "to help him, or needs to extend his custody until the solution of financial problems.
And: that the report of Sergeant Financial includes an inventory of financial assets and liabilities of foreign bank and see if there are significant losses in the head money, and in the light not know the status of the bank, noting that the central bank will be required from the Ministry of Finance granted financial loans long futures in the event of a sharp decline in its financial, or resorting to participation by other banks as stipulated by the law of Iraqi banks in Article (66) No. (64) for the year (2004).
It is noteworthy that the Board of Governors in the Iraqi Stock Exchange canceled the listing of the Warka Bank from the market, in accordance with paragraph IX of Article V of the instruction number three amended for the year 2011, which provides for the write-off company from the listing if the stoppage of circulation for six months without taking action suitable for the appeal, pointing out that the Warka Bank is dependent on the eighth trading since February 2010.
The Warka Bank for Investment and Finance, which was established in 1999, (130) 130 branches and (350) ATMs in all parts of Iraq. Has developed the Central Bank of three-phase plan to raise banks' capital to 213 million by June 2013 to stimulate lending in the time who is recovering from the Iraq sanctions and the U.S. invasion in 2003. / Finished / 8. d. Q