The Central Bank announces the establishment of a deposit guarantee company

by **Rocky** Wed 31 Jan 2018, 3:45 am

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Post n°1

The Central Bank announces the establishment of a deposit guarantee company

by Rocky Wed 31 Jan 2018, 3:45 am

The Central Bank announces the establishment of a deposit guarantee company

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The Central Bank of Iraq (CBE) announced on Wednesday the establishment of a deposit guarantee company with 44 local and foreign banks.

The Director of the Information Office of the Central Bank of Iraq, Acer Jabbar in a press statement received by "Economy News", "Based on the duties of the Central Bank stipulated in its law and in order to ensure the stability of the banking sector and increased confidence in it was signed the Memorandum of Association of the bank deposit guarantee company with the founding body, Including government and private banks, including foreign and a total of 44 banks distributed by 6 government banks 22 commercial banks and 16 foreign banks.

He added that "this company is expected to have a major role in protecting the banking sector, especially deposits of the public (individuals and companies), which strengthens confidence in the banking sector in Iraq and in the correspondents of banks outside Iraq," noting that "This will contribute to attract more deposits And re-use in credit and investment to serve the Iraqi economy. "

He pointed out that "the company's capital is 100 billion dinars, of which 55 billion dinars from government and private banks where the proportion of government banks 25% and private banks 30% and the remaining 45 billion dinars will be put for public subscription."

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by **Rocky** Wed 31 Jan 2018, 5:59 am

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Post n°2

The Central Bank announces the signing of the deposit guarantee company

by Rocky Wed 31 Jan 2018, 5:59 am

[ltr]The Central Bank announces the signing of the deposit guarantee company[/ltr]
[ltr]Economie[/ltr]
Since 2018-01-31 at 12:33 (Baghdad time)
[ltr][You must be registered and logged in to see this image.][/ltr]
[ltr]Baghdad Mawazine News[/ltr]
[ltr]The Central Bank of Iraq (CBE) announced on Wednesday the signing of the deposit guarantee company.[/ltr]
[ltr]The Director of the Information Office of the Bank, Acer Jabbar, said in a statement received by Mawazine News that "as a result of the duties of this bank stipulated in its law and in order to ensure the stability of the banking sector and increase confidence in it was signed the Memorandum of Association of the bank deposit guarantee company with the founding body, Governmental and private, including foreign, "Mrdfa" total 44 banks distributed by 6 government banks 22 commercial banks and 16 foreign banks. "[/ltr]
[ltr]"It is expected that this company will play a major role in protecting the banking sector, especially the deposits of the public (individuals and companies), which strengthens confidence in the banking sector in Iraq and in the correspondents of banks outside Iraq," noting that "this will contribute to attract more Deposits and reuse of credit and investment to serve the Iraqi economy. "[/ltr]
[ltr]He pointed out that "the capital of the company hundred billion dinars, including 55 billion dinars of government and private banks," noting that "the proportion of government banks were 25% and private banks 30% and the remaining 45 billion dinars will be put for public subscription."[/ltr]

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[/ltr]

by **Rocky** Wed 31 Jan 2018, 6:18 am

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Post n°3

Central: Signing a contract to establish a deposit guarantee company

by Rocky Wed 31 Jan 2018, 6:18 am

[size=30]Central: Signing a contract to establish a deposit guarantee company[/size]

31/01/2018 12:49 | Number of readings: 80

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[rtl]Trend Press / Baghdad[/rtl]

[rtl]The Director of the Information Office of the Central Bank of Iraq, Acer Jabbar, said Wednesday, "Based on the duties of this bank stipulated in its law and in order to ensure the stability of the banking sector and increased confidence in him" was signed the Memorandum of Association of the bank deposit guarantee company with the founding body " Including foreign and a total of 44 banks distributed by 6 government banks 22 commercial banks and 16 foreign banks . "[/rtl]

[rtl]"It is expected that this company will play a major role in protecting the banking sector, especially the deposits of the public (individuals and companies), which will enhance confidence in the banking sector in Iraq and the correspondents of banks outside Iraq," Jabbar said in a press statement. Which will contribute to attracting more deposits and reuse of credit and investment to serve the Iraqi economy .[/rtl]

[rtl]The capital of the company is 100 billion dinars, of which 55 billion dinars from government and private banks where the proportion of government banks 25% and private banks 30% and the remaining 45 billion dinars will be put for public subscription .[/rtl]

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[/rtl]

by weslin3 Wed 31 Jan 2018, 7:54 am

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Post n°4

Re: The Central Bank announces the establishment of a deposit guarantee company

by weslin3 Wed 31 Jan 2018, 7:54 am

Ready to go!!! bounce

by sassy Wed 31 Jan 2018, 8:09 am

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Post n°5

Re: The Central Bank announces the establishment of a deposit guarantee company

by sassy Wed 31 Jan 2018, 8:09 am

One step closer!!!!

by Lobo Wed 31 Jan 2018, 10:41 am

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Post n°6

Re: The Central Bank announces the establishment of a deposit guarantee company

by Lobo Wed 31 Jan 2018, 10:41 am

"which strengthens confidence in the banking sector in Iraq and in the correspondents of banks outside Iraq," -

BANKS OUTSIDE IRAQ - INTERNATIONAL

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