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


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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


2 posters

    Central Bank gives a Warka Bank between liquidation and payment of 200 billion dinars

    Hkp1
    Hkp1
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    Posts : 3118
    Join date : 2012-12-19
    • Post n°1

    Central Bank gives a Warka Bank between liquidation and payment of 200 billion dinars Empty Central Bank gives a Warka Bank between liquidation and payment of 200 billion dinars

    Post by Hkp1 Thu 20 Dec 2012, 12:16 am

    Central Bank gives a Warka Bank between liquidation and payment of 200 billion dinars

    Editor: AA
    Wednesday 19 k 1 2012 17: 02 GMT

    Alsumaria news/Baghdad

    The Central Bank of Iraq, Wednesday, warning the filtering of Warka Bank for investment and finance outstanding $ 200 billion Iraqi dinars by the end of this month.

    The Bank said in a statement issued today, and got the "Sumerian news", a copy of it, to "Warka Bank for investment and finance has encountered several problems and committed his many errors which called for Central Bank of Iraq to impose Trusteeship and start new filtering already", stating that "the major shareholders in the Bank offered several proposals for rehabilitation".

    The Bank said that "filter options examined and rehabilitation under strong concern to the interests of depositors and their rights," he said, adding that "the liquidation of the Bank shareholders ' exposure to risk."

    The Bank said that "keeping the Warka Bank on this case is contrary to the directives of the Central Bank to build a strong Iraqi bank and trust", pointing out that he "decided to issue an ultimatum to the Warka Bank until the 31 of December, to pay agreed to deposit $ 200 billion dinars in the light of the meeting with him, and reversed the Central Bank takes actions necessary to filter".

    The Central Bank announced, in (26 June 2012), the Trusteeship Committee formed to audit Warka bank financial returns will be obtained from Bank debts between small savers, stressing that there are ten thousands of small depositors in the Bank.

    Article 67 of the law on banks that the Central Bank of Iraq to establish and progress Bank license on the basis of article 67 and capital by the State for all or part of the assets and liabilities of the Bank subject to rehabilitation.

    The Executive Director of the Association of private Iraqi banks Abdul Aziz Hassoun, in August 2011, the Warka Bank needs about 100 billion Iraqi dinars (90 million dollars) to boost liquidity, while stressing Iraq market for securities, the Board of Governors in the Iraqi stock exchange decided to remove insert company Warka Bank from the market, in accordance with paragraph 9 of article v of the modified directive no. three for 2011, which provides cancellation of the insertion if the company stopped trading for six months without taking Appropriate procedures to appeal, pointing to Warka Bank is trading since 8 February 2010.

    For the Warka Bank for investment and finance, which was established in 1999, 130 branches and 350 ATMs throughout Iraq.

    Iraq reportedly has seven state-owned banks and private banks, eight Islamic banks, according to a Central Bank, as the banking sector is dominated by the Rafidain and Rashid banks Government.


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    Rocky
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    • Post n°2

    Central Bank gives a Warka Bank between liquidation and payment of 200 billion dinars Empty Central of Warka either (liquidation) or (rehab) and giving him 10 days to deposit 200 billion dinar

    Post by Rocky Sun 23 Dec 2012, 12:34 pm

    Central of Warka either (liquidation) or (rehab) and giving him 10 days to deposit 200 billion dinars



    BAGHDAD / obelisk: Central Bank has given the Warka Bank for ten days to comply with its decisions Judge deposit of $ 200 billion Iraqi dinars and not to damage the interests of its clients.
    A statement issued by the bank and got the obelisk, a copy of "I faced the Warka Bank for Investment and Finance several problems and committed his administration a lot of mistakes, which summoned the Iraqi Central Bank to impose trusteeship upon start act Capricorn liquidate him has offered major shareholders in the bank several proposals for his rehabilitation."
    The statement noted that "the Board of Directors of the Central Bank studied two options to address the situation Bank Warka first heading toward (liquidation) and the second emphasizes the (rehab) under very careful on the interests of depositors and their rights and noted that the liquidation of the bank threaten their rights."
    "The keep the bank on this case is contrary to trends central bank in building a Iraqi bank Rezin and strengthen confidence" past to say "it Council decided to extend a warning to the Warka Bank until 12/31/2012 to pay what was agreed upon deposit of $ 200 billion dinars, Otherwise take the Central Bank of the necessary measures to eliminate him. "
    The Central Bank of Iraq announced, (5 March 2012) on the status of the Warka Bank under trusteeship after the failure of talks with British bank Standard Chartered, which began in April 2011 to buy a stake in it after suffering a financial crisis summoned and placed under guardianship.
    Warka Bank for Investment and Finance, which was established in 1999, 130 branches and 350 ATMs in all parts of Iraq.
    It is noteworthy that Iraq has seven banks owned by the state and 23 private banks and eight Islamic banks in particular, according to the site's central bank, while dominated by the banking sector banks Rafidain and Rasheed Aovernmaan, and subject currently restructuring in order to pay off the debts accumulated after years of war and sanctions.


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