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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


    integrity economy diagnoses delays in repayment of loans estimated at tens of billions

    Rocky
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    Join date : 2012-12-21
    • Post n°1

    integrity economy diagnoses delays in repayment of loans estimated at tens of billions Empty integrity economy diagnoses delays in repayment of loans estimated at tens of billions

    Post by Rocky Sun 14 Jan 2018, 3:42 am

    [size=32]
    integrity economy diagnoses delays in repayment of loans estimated at tens of billions[/size]
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     one hour ago



    Shafak News / A survey team recommended by the Department of Prevention in the Integrity Commission to follow up the loans provided by the Real Estate Bank, and work to recover the rest of them, and benefit from the assets belonging to the bank to maximize its resources and enable it to meet its obligations.

    The Commission said in a statement to the News Agency that the team that conducted a field visit to the Real Estate Bank to see the features of the work, and identify the most important obstacles and the development of proposals that would improve the performance of a better level; in order to provide better services to citizens, called for the need to benefit seriously Of the assets belonging to the bank in order to maximize its resources, in addition to the involvement of the staff of the current and savings courses of combating money laundering and the financing of terrorism.

    In its report, which is sent to the Office of the Minister of Finance, the Panel authorizes the Bank to borrow from other banks for the purpose of financing lending activities, while not increasing the capital of the Bank commensurate with the size of the business and not responding to the requirements of the Central Bank regarding the increase of the banks' capital. The amount of bank overdrafts has not been paid to Rafidain and Rasheed Bank after the validity of the legal period for payment, as the total amounts owed by the bank to other banks 30 billion dinars, while the report monitored the existence of debts to the bank is the responsibility of the Ministry of Youth and Sports for the year Previous, reached the amount of (67,172,000000) billion dinars.

    The report also noted that there was a delay in payment transactions in the main branch, although these transactions date back to 2002 and 2003, and the low rates of loan recovery in the Diwaniyah and Basrah branches of the amounts of actual loans and repayments of loans (ministries, The real estate registration department - the first Rusafa to lift the booking signal for a number of transactions without payment of the loan amount, despite the absence of a book issued by the bank.

    As for the problems and obstacles facing the Bank's work, the Integrity Commission's report pointed out, among other things, that the Bank did not compensate for 50% of the loans granted to the military before 2004 based on the dissolved Cabinet Resolution No. 5861 of 9/7/2001. To the concerned departments.

    In addition to the difficulty of obtaining the amounts of compensation by the Ministry of Finance, where the amount of compensation to (23,0000 million) billion Iraqi dinars, and delayed tenants to pay rent and excesses of land and real estate belonging to the bank, and non-payment of the provinces of Nineveh, Anbar), as a result of the security situation experienced.

    For its part, the management of the bank in a letter addressed to the Integrity Commission that the Ministry of Finance apologized not to increase the capital of the bank from the reserves account, noting that the bank pays the interest of loans due on loans received from Rafidain Bank and Rashid first, Depending on the availability of cash.

    واكدت في اطار الاستجابة لملاحظات وتوصيات تقرير هيأة النزاهة أشار المصرف إلى تولِّي القسم القانونيِّ في المصرف المتابعة المُستمرَّة للمعاملات التي لم يتمّ تسديد أقساطها ، فيما عزا أسباب انخفاض نسب استرداد مبالغ الجباية لفرعي الديوانيَّة والبصرة، أو أي فرعٍ آخر لتاخُّر ورود الصكوك  من الدوائر الحكوميَّة المرسلة لأقساط التسديد، فيما ترسل هيأة التقاعد العامَّة أقساط المُتقاعدين كلَّ شهرين، وفي بعض الأحيان يكون التسديد عن طريق الحوالات؛ لعدم وجود المقاصَّة الإلكترونيَّة في بعض الفروع.

    The bank announced that it will take legal action against the real estate registration department - Rusafa the first; for the lifting of the booking signal for a number of transactions without payment of the loan amount, as well as borrowers who have been lifted the attachment without payment of the loan amount, and the Commission not to exploit the building belonging to the real estate - Al-Rusafa Branch For more than two years, the bank confirmed that it was offered for investment.







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