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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


    Investors in the Iraq market are asking the Central Bank to return fines and compensate shareholders

    Rocky
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    • Post n°1

    Investors in the Iraq market are asking the Central Bank to return fines and compensate shareholders Empty Investors in the Iraq market are asking the Central Bank to return fines and compensate shareholders

    Post by Rocky Sat 19 Aug 2023, 6:54 am


    Investors in the Iraq market are asking the Central Bank to return fines and compensate shareholders



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    2023-08-19 04:40
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    Shafaq News / The Iraqi Stock Exchange Investors Association demanded, on Saturday, the Central Bank of Iraq, to ​​return the fines and compensate the shareholders of the banks that declared bankruptcy.
    "The financial fines imposed by the Central Bank on banks and non-banking financial institutions during the first half of the year 2023 amounted to more than 66 billion dinars," the head of the association, Alaa Al-Moussawi, said in a statement received by Shafaq News agency.



    Al-Moussawi added, "We have previously suggested returning the fine amount to the bank after its compliance with the legislation and instructions for which the fine was imposed," noting that "the fine amount is paid from shareholders' equity."
    The president of the Association suggested that the Central Bank use these amounts to compensate shareholders, especially small shareholders in banks that have been declared bankrupt and liquidation procedures have begun, such as Dar Al Salam Bank.


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    Rocky
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    • Post n°2

    Investors in the Iraq market are asking the Central Bank to return fines and compensate shareholders Empty Investors in the Iraq market are asking the Central Bank to return fines and compensate shareholders

    Post by Rocky Sat 19 Aug 2023, 10:05 am

    Investors in the Iraq market are asking the Central Bank to return fines and compensate shareholders

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    Economy News
    On Saturday, the Association of Investors in the Iraq Stock Exchange called on the Central Bank of Iraq to return the fines and compensate the shareholders of the banks that declared bankruptcy.
    "The financial fines imposed by the Central Bank on banks and non-bank financial institutions during the first half of the year 2023 amounted to more than 66 billion dinars," said Alaa Al-Moussawi, head of the association, in a statement received by Al-Iqtisad News.
    Al-Moussawi added, "We have previously suggested returning the fine amount to the bank after its compliance with the legislation and instructions for which the fine was imposed," noting that "the fine amount is paid from shareholders' equity."
    The president of the association suggested that the Central Bank use these amounts to compensate shareholders, especially small shareholders in banks that have been declared bankrupt and liquidation procedures have begun, such as Dar Al Salam Bank.


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