Thursday, 06.14.2012
Baghdad (news) .. The Central Bank of the slow action of the observer
in charge of the arithmetic and control of inventory of assets of the
Warka Bank for the lack of return to work at the moment.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in a statement (of the Agency news): The Warka Bank is one of the private banks which are exposed to a problem with the liquidity and wealth Alrismalah of the bank have fallen so and under the Banking Act No. 94 of 2004 and the Central Bank Law, it shall be the Central Bank of custody The bank in this case.
He added that guardianship means the creation of an interim administration until the evaluation of the bank and find out and put it Alrismala.
Saleh pointed to: that the lifting of guardianship or continuation depends on what is available from the assets in the banks so head the central bank, according to the law (64) of the Banking Act to ask for a loan from the government in its financial position and this depends on the decision of the Controller of account, which costs from both parties from the central bank and the government.
And the favor: he is supposed to observer arithmetic to raise a report to the trustee within weeks of any central bank, and then the central bank raises the report to the government and confirming that the Warka Bank is subject to the lives and assets are good, but subject to minor problems and to preserve the stability of the financial system can be saved and return to his situation.
He said: The bank is expected that the external auditor's report of its proceedings, but the fact that there is a slow and buildings assets held by issue is taking a long time Palmsph him.
The Executive Director of the Association of Iraqi private banks Abdul Aziz Hassoun announced a number of media in August 2011 that the Warka Bank needs to be about 100 billion Iraqi dinars (90 million) to boost its liquidity while confirming the Iraqi market for securities that the Board of Governors in the Iraqi Stock Exchange decided to write off the inclusion of Al 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 appropriate action to appeal pointing out that the Warka Bank is turned off from trading since the eighth of February 2010
The Warka Bank for Investment and Finance which was established in 1999.130 branches and (350) ATMs in all parts of Iraq.
The central bank set a three-stage plan to raise banks' capital to 213 million by June 2013 to stimulate lending at a time when Iraq is recovering from the sanctions and the U.S. invasion in 2003.
It is noteworthy that Iraq has seven banks owned by the state and (23) private banks, eight Islamic banks particularly according to the website the central bank as dominated by the banking sector, banks, Rafidain and Rasheed Aovernmaan and are under way to restructure in order to pay off the debts that have accumulated after years of war and sanctions / Finished / 3 . n. r /
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in a statement (of the Agency news): The Warka Bank is one of the private banks which are exposed to a problem with the liquidity and wealth Alrismalah of the bank have fallen so and under the Banking Act No. 94 of 2004 and the Central Bank Law, it shall be the Central Bank of custody The bank in this case.
He added that guardianship means the creation of an interim administration until the evaluation of the bank and find out and put it Alrismala.
Saleh pointed to: that the lifting of guardianship or continuation depends on what is available from the assets in the banks so head the central bank, according to the law (64) of the Banking Act to ask for a loan from the government in its financial position and this depends on the decision of the Controller of account, which costs from both parties from the central bank and the government.
And the favor: he is supposed to observer arithmetic to raise a report to the trustee within weeks of any central bank, and then the central bank raises the report to the government and confirming that the Warka Bank is subject to the lives and assets are good, but subject to minor problems and to preserve the stability of the financial system can be saved and return to his situation.
He said: The bank is expected that the external auditor's report of its proceedings, but the fact that there is a slow and buildings assets held by issue is taking a long time Palmsph him.
The Executive Director of the Association of Iraqi private banks Abdul Aziz Hassoun announced a number of media in August 2011 that the Warka Bank needs to be about 100 billion Iraqi dinars (90 million) to boost its liquidity while confirming the Iraqi market for securities that the Board of Governors in the Iraqi Stock Exchange decided to write off the inclusion of Al 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 appropriate action to appeal pointing out that the Warka Bank is turned off from trading since the eighth of February 2010
The Warka Bank for Investment and Finance which was established in 1999.130 branches and (350) ATMs in all parts of Iraq.
The central bank set a three-stage plan to raise banks' capital to 213 million by June 2013 to stimulate lending at a time when Iraq is recovering from the sanctions and the U.S. invasion in 2003.
It is noteworthy that Iraq has seven banks owned by the state and (23) private banks, eight Islamic banks particularly according to the website the central bank as dominated by the banking sector, banks, Rafidain and Rasheed Aovernmaan and are under way to restructure in order to pay off the debts that have accumulated after years of war and sanctions / Finished / 3 . n. r /