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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

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    Integrity identifies cases of delay in repaying the loans of the Real Estate Bank

    Rocky
    Rocky
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    • Post n°1

    Integrity identifies cases of delay in repaying the loans of the Real Estate Bank Empty Integrity identifies cases of delay in repaying the loans of the Real Estate Bank

    Post by Rocky Sun 14 Jan 2018, 8:48 am

    [size=30]Integrity identifies cases of delay in repaying the loans of the Real Estate Bank[/size]
    14/01/2018 12:16 | Number of readings:
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    [rtl]Trend Press / Baghdad[/rtl]
     
     
    [rtl]An investigative team from the Department of Prevention recommended that the Integrity Commission follow up the loans provided by the Real Estate Bank, work to recover the debts from them, and benefit from the assets belonging to the bank in order to maximize its resources and enable it to meet its obligations.[/rtl]
     
    [rtl]According to a statement by the Integrity Commission, "Al-Tawhia Press" obtained a copy of it on Sunday, 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 its performance to a better level; To provide the best services to citizens, called for the need to benefit seriously from the property belonging to the bank to maximize its resources, in addition to the involvement of the staff of the current and savings courses Anti-money laundering and the financing of terrorism.[/rtl]
     
    [rtl]The statement pointed out that "the team in its report, sent a copy to the Office of the Minister of Finance, the adoption of 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 volume of business, The banks' money, which resulted in the existence of amounts of the bank's payment was not paid to Rafidain Bank and Rashid after the entry into force of the legal period of 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 August sports previous years, reached the amount of (67,172,000000) billion dinars.[/rtl]
     
    [rtl]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.[/rtl]
     
    [rtl]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.[/rtl]
     
    [rtl]"The difficulty of obtaining compensation amounts by the Ministry of Finance, where the amount of compensation to (23.0000 billion) billion Iraqi dinars, and delayed tenants to pay rent and excesses on land and real estate belonging to the bank, and non-payment of the provinces of Nineveh, Salahuddin, Anbar), as a result of the security situation experienced.[/rtl]
     
    [rtl]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.[/rtl]
     
    [rtl]As part of the response to the recommendations and recommendations of the Integrity Commission, the Bank pointed out that the Bank's legal department has been continuously monitoring the transactions that have not been paid. He attributed the reasons for the low rates of refunds to the branches of Diwaniyah and Basrah or any other branch for delaying the receipt of Sukuk from government departments Paying, while the General Pension Authority sends the retirees retirements every two months, and sometimes the payment through remittances; because there is no electronic clearing in some branches.[/rtl]
     
    [rtl]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.[/rtl]



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