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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


    TBI: the restoration of more than $ 557 million

    day dreamer
    day dreamer
    day dreamer
    Interacting Investor
    Interacting Investor


    Posts : 3197
    Join date : 2012-12-19
    • Post n°1

    TBI: the restoration of more than $ 557 million Empty TBI: the restoration of more than $ 557 million

    Post by day dreamer Wed 05 Nov 2014, 5:40 pm

    TBI: the restoration of more than $ 557 million 

         
     6/11/2014 0:00


    Suspended with reporters in global banks
    Baghdad, Hussein al-Tamimi Tgb
    Regained TBI tbi more than $ 557 million in back payments to government departments and suspended with reporters in global banks since 2004.
    Announced that the "morning" Hamdiya dry, Director General of Trade Bank of Iraq, said: "This amounts accumulated by our correspondent JPMORGAN who declined to replay for" D FI "(Development Fund for Iraq) because of problems related to the beneficiary and equipped, although it breach by the supplier.
    Oadan dry and that these amounts belonging to government departments for the years 2004 - 2010, where the bank has made administration since mid-received responsibility efforts in 2011 to work on the replay through the adoption of behavior Sirefi high professionalism contributed to convince the reporter retrieved.


    Amounts suspended


    Dry and showed that these amounts represent financial rights of the various state departments and related appropriations open through the bank with our correspondent, and for the period from 23/04/2012 till 10/29/2014 pointing out that work is underway to restore the amounts suspended (remaining) with the reporter.
    Revealed restore distressed debt during the current year, of which 60 million dollars out of debt up to 63 million dollars and $ 20 million in cash and 40 million dollars of credit and in collaboration with the South Oil Company, and has been restored $ 38 million out of $ 38 million debt with the exception of the benefits of it.


    Credit rating


    Bank of interaction with the international banking sector is an important step raises would among global banks and went, saying also: "The bank depends regular plan in building relationships with international banks sober, including Citibank and the collection of Morgan, who are working with him to put the credit rating of the bank, to make it a high status among global banks and that the quality of banks and Rsantha measured through a global desired credit rating. "
    Considered dry failure to approve the budget impact negatively on the performance of the banking sector, especially in the aspect of investment allocations, prompting the bank to look for other bank products to compensate for this effect through the investment of cash available, pointing to the importance that the fluctuation of oil prices into account when preparing the next general budget 2015 to avoid a defect in the project and the nature of the financial allocations of exchange for the state. The bank has been able to after the year 2011 of the retrieval billion and $ 195 million of non-performing debts with dealers Iraqis, as well as the recovery of 114 million euros in debt stalled since the establishment of the bank.


    Strategic projects


    And the prospects of the banking business in the current circumstances Dry: "The administration said the bank is moving to invest in high liquidity in strategic projects, and initiated a global bank lending to companies to implement electricity project in Baghdad covering the edges of the capital and when it is completed in 2017."
    She pointed to the trend for the opening of a new branch of the bank in a beautiful area, commercial weight within the country and bringing the number of branches in Baghdad, 7 branches, while distributed 12 branches in different provinces of the country, three of them in Kurdistan, one of them in Sulaimaniyah and two in Erbil, pointing to the intention of the bank to open a branch in all remaining provinces.


    Finance projects


    Dry showed that "the bank has a high financial liquidity can be used to grant credit safe areas large and projects that serve the economy and dealing with the various economic problems, stressing that the bank Mall strategic projects will touch off citizen in 2016, including the production of electric power and industrial projects, projects."
    She called her own at the conclusion of the Association of Banks in Iraq to activate your proposed strategic projects funded by participating with the Trade Bank of Iraq, where only two banks did not respond yet.



    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Fri 26 Apr 2024, 2:39 pm