The central bank prevents electronic payment companies from lending to anyone

by **Rocky** Tue 13 Nov 2018, 6:38 am

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Post n°1

The central bank prevents electronic payment companies from lending to anyone

by Rocky Tue 13 Nov 2018, 6:38 am

The central bank prevents electronic payment companies from lending to anyone

Tuesday, November 13,

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The Central Bank of Iraq decided on Tuesday to prevent electronic payment companies authorized to lend to anyone.

The bank said in a statement received by Alsumaria News that "it was decided not to allow authorized electronic payment companies to lend to any person, whether natural or moral, and not to borrow from shareholders in the company or from banks only after obtaining the approval of the Central Bank."

The bank added that "this will be allowed after providing reasons for the justification and clear the reason for borrowing, similar to all banks approved in Iraq and companies to mediate the sale and purchase of foreign currencies."

The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.

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by Lobo Tue 13 Nov 2018, 8:21 am

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Post n°2

Re: The central bank prevents electronic payment companies from lending to anyone

by Lobo Tue 13 Nov 2018, 8:21 am

Thanks Rocky, this is interesting.

by **Rocky** Tue 13 Nov 2018, 2:48 pm

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Post n°3

Central Bank: Prevent authorized electronic payment companies from lending to anyone

by Rocky Tue 13 Nov 2018, 2:48 pm

Central Bank: Prevent authorized electronic payment companies from lending to anyone

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The [You must be registered and logged in to see this link.] Bank [You must be registered and logged in to see this link.] Iraq decided on Tuesday to prevent authorized electronic payment companies from lending to anyone.
"It has been decided not to allow authorized electronic payment companies to lend to any person, whether natural or legal, and not to borrow from the shareholders of the company or from banks, only after obtaining the approval of [You must be registered and logged in to see this link.] Central [You must be registered and logged in to see this link.] " the [You must be registered and logged in to see this link.] said in a statement.
The bank added that "this will be allowed after providing reasons for the justification and clear the reason for borrowing, similar to all banks approved in [You must be registered and logged in to see this link.] and companies to mediate the sale and purchase of foreign currencies."

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by **Rocky** Wed 14 Nov 2018, 6:35 am

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Post n°4

The central bank prevents electronic payment companies from lending to anyone

by Rocky Wed 14 Nov 2018, 6:35 am

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[rtl]The central bank prevents electronic payment companies from lending to anyone[/rtl]
[rtl]
The Central Bank of Iraq decided to prevent electronic payment companies authorized to lend to anyone. The bank said in a statement that it "decided not to allow authorized electronic payment companies to lend to any person, whether natural or moral and not to borrow from the shareholders of the company or from banks only after obtaining the approval of the Central Bank."The bank added that "this will be allowed after providing reasons for the justification and clear the reason for borrowing, similar to all banks approved in Iraq and companies to mediate the sale and purchase of foreign currencies."[/rtl]

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