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Emirates Bank turns huge amounts of money in the days of the Iraqi bank auction
19:32 - 08/05/2017
..
It revealed data released by the Central Bank of Iraq, Monday, Abu Dhabi Islamic Bank to impose its control over the currency auction around during the past four days, $ 58.3 million.
And spoke of the data published by the Central Bank on its website on the results of the sale currency window, seen by the agency / information /, "The foreign banks accounted for the largest share of selling the currency window during the past few days," noting that "the Abu Dhabi Islamic Bank on the days the last four years the amount of $ 58.3 million out of Iraq. "
A number of bankers have pointed to the need for more transparent criteria to determine the reasons for the acquisition of foreign banks on the larger quotas.
While the Transparency Association in Iraq, announced in a report, that "there is a distinctive discourse unlawfully, given to the branches of foreign banks operating in Iraq in the auction currency market at the expense of national banks."
She added that "the branches of foreign banks get abnormal privileges where it has advantages in the auction currency market, without the form of its branches in the capital of Iraq is the proportion of three and a half percent of the Iraqi capital of national banks."
"The bank's local Ahli binding with a capital of 250 billion Iraqi dinars, ie more than two hundred million dollars, while the capital of branches of foreign banks is seven million dollars and do not do business lending and credit and to extend facilities for Iraqi companies and local citizens, despite the enjoyment of shares plentiful inside the auction ".anthy 25 K
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19:32 - 08/05/2017
..
It revealed data released by the Central Bank of Iraq, Monday, Abu Dhabi Islamic Bank to impose its control over the currency auction around during the past four days, $ 58.3 million.
And spoke of the data published by the Central Bank on its website on the results of the sale currency window, seen by the agency / information /, "The foreign banks accounted for the largest share of selling the currency window during the past few days," noting that "the Abu Dhabi Islamic Bank on the days the last four years the amount of $ 58.3 million out of Iraq. "
A number of bankers have pointed to the need for more transparent criteria to determine the reasons for the acquisition of foreign banks on the larger quotas.
While the Transparency Association in Iraq, announced in a report, that "there is a distinctive discourse unlawfully, given to the branches of foreign banks operating in Iraq in the auction currency market at the expense of national banks."
She added that "the branches of foreign banks get abnormal privileges where it has advantages in the auction currency market, without the form of its branches in the capital of Iraq is the proportion of three and a half percent of the Iraqi capital of national banks."
"The bank's local Ahli binding with a capital of 250 billion Iraqi dinars, ie more than two hundred million dollars, while the capital of branches of foreign banks is seven million dollars and do not do business lending and credit and to extend facilities for Iraqi companies and local citizens, despite the enjoyment of shares plentiful inside the auction ".anthy 25 K
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