Document: The Central Bank issued new standards on depriving the participation of some banks and currency auction
June 1 .2017 - 15:38 | Number of readings: 259
Sommer News: Baghdad
I got "Sommer News" on the document issued by the Central Bank of Iraq, signed by the director of the commercial banks control department, dividing Saleh Ali, include criteria for classifying banks, depriving banks in the category "C" from participating in the sale and purchase of foreign currency window if not improved their conditions during the next review, and the banks that did not get the degree of success in compliance with the standard is not allowed to jointly sell and buy a window of foreign currency, regardless of the rest of the grades obtained.
The document states that "this assessment is only for the purpose of entering exclusively window, and will be applied to standards starting today 01/06/2017, directed banks category C the same assessment and inform the Central Bank in the case of observations affect the ratings and within five days from the day of the book ".
The Central Bank of Iraq has issued ratings for banks participating in the auction according to the standards of a number of the most prominent of the volume of deposits, compliance and anti-money laundering, as the banks rating to (B and B + and C) did not get any bank on rating (A).
It is noteworthy that the seed banks category "C" is the Middle East and Africa banks, Beirut and the Arab countries, Iraq's commercial, Islamic country, the Islamic National, United Investment, Byblos, Erbil, Mediterranean, Kurdistan, north, Warka, Zain Iraq, the economy, investment , guidance, the Iraqi Union.[You must be registered and logged in to see this link.]