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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


3 posters

    The central bank plans to restructure banking companies and merge some banks

    Rocky
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    • Post n°1

    The central bank plans to restructure banking companies and merge some banks Empty The central bank plans to restructure banking companies and merge some banks

    Post by Rocky Thu 20 Sep 2018, 6:27 am

    The central bank plans to restructure banking companies and merge some banks

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    Central Bank of Iraq
    The [url=https://www.thebaghdadpost.com/ar/Story/t/2020/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A]Central Bank of Iraq[/url] announced its intention to restructure [url=https://www.thebaghdadpost.com/ar/Story/t/12603/%D8%B4%D8%B1%D9%83%D8%A7%D8%AA %D8%A7%D9%84%D8%B5%D9%8A%D8%B1%D9%81%D8%A9]banking companies[/url] and merge some banks. 

    "There are 70 banks operating in the country, 20 of which are branches of foreign banks, did not reach the level of ambition because most of them are newly formed, and worked in exceptional circumstances passed by the country," said the governor of the Central Bank Ali al-Alaq in a press statement. 

    He added: "The number of private banks and transfer and exchange companies was greater than the need of the market, and did not give any new license to open a commercial bank or leave to a banking company, and we have canceled the transfer companies financial, in the presence of an intention to restructure [url=https://www.thebaghdadpost.com/ar/Story/t/12603/%D8%B4%D8%B1%D9%83%D8%A7%D8%AA %D8%A7%D9%84%D8%B5%D9%8A%D8%B1%D9%81%D8%A9]banking companies[/url] leading to greater control And there is a plan to merge some banks. "

    But he added: "We have been given licenses to open a number of Islamic banks, based on the facilities provided by its law, as the House of Representatives put a paragraph to help establish the reduction of capital required at the establishment."


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    weslin3
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    • Post n°2

    The central bank plans to restructure banking companies and merge some banks Empty Re: The central bank plans to restructure banking companies and merge some banks

    Post by weslin3 Thu 20 Sep 2018, 7:05 am

    in the presence of an intention to restructure


    Hope this is restructure for the new rate...
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    Rocky
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    • Post n°3

    The central bank plans to restructure banking companies and merge some banks Empty Central Bank: 70 banks in Iraq and a plan to integrate them

    Post by Rocky Thu 20 Sep 2018, 8:25 am

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    this is a reposted article from here 18th sept


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    Editorial date: 2018/9/18 8:32 • 373 times read
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    {Baghdad: Al Furat News} The Central Bank of Iraq, the number of private banks operating in Iraq.
    "When I assumed responsibility, I found that the number of private banks, transfer and exchange companies exceeded the need of the market. We did not grant any new license to open a commercial bank or a banking license. We also canceled the transfer companies, Intention to restructure the banking companies, which leads to greater control over them and there is a plan to merge some banks. " 
    "But we have given us licenses to open a number of Islamic banks based on the facilities provided by its law, as the Council of Representatives put forward a paragraph that helps to establish it, reducing the required capital at the time of incorporation." 
    "There are currently 70 working banks in the country, 20 of which are branches of foreign banks, but most of them are newly formed, so it did not reach the level of ambition, and these banks worked under exceptional circumstances experienced by the country."
    "As you know, the main task of banks is to provide credit through the granting of loans and other services, in return, take the funds of depositors and give them a percentage of interest, but Iraqi banks in general have a great difficulty in doing this Activity. When a loan is granted, the borrower often does not meet its repayment despite the high collateral given by the banks and the high interest rate, as borrowers may be up to 20 percent. " 
    "The problem is that the bank, when it starts its actions against the borrower, such as the seizure of the property, for example, faces a significant delay in legal proceedings by other parties, in addition to threats of tribal or partisan, and this makes banks afraid to grant loans."
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    weslin3
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    • Post n°4

    The central bank plans to restructure banking companies and merge some banks Empty Re: The central bank plans to restructure banking companies and merge some banks

    Post by weslin3 Thu 20 Sep 2018, 8:45 am

    Thanks rocky... so this shows they are uniting or merging to be like ONE bank... or together.. Sounds good.



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    Lobo
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    • Post n°5

    The central bank plans to restructure banking companies and merge some banks Empty Re: The central bank plans to restructure banking companies and merge some banks

    Post by Lobo Thu 20 Sep 2018, 3:57 pm

    Thanks Rocky, very interesting news.
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    The central bank plans to restructure banking companies and merge some banks Empty Re: The central bank plans to restructure banking companies and merge some banks

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