Established in 2006 as a Community of Reality

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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.

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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


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    Central Bank plans to withdraw licenses of five commercial banks for failing to comply withregulatio

    Rocky
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    • Post n°1

    Central Bank plans to withdraw licenses of five commercial banks for failing to comply withregulatio Empty Central Bank plans to withdraw licenses of five commercial banks for failing to comply withregulatio

    Post by Rocky Mon 27 Jan 2014, 6:00 am

    Central Bank plans to withdraw licenses of five commercial banks for failing to comply with regulations

    27-01-2014 12:33 PM

    Baghdad (news) .. Iraqi Central Bank announced its intention to withdraw the licenses of five commercial banks for not being able to increase their capital.

    According to a statement of the bank received the Agency (news) copy of it: that the bank is expected to pull the licenses of five commercial banks and Aragbh unable to increase their capital before the expiry of a deadline for the end of January.

    He pointed out: The other banks or committed to the decision taken steps but those five banks are not working on it. / End / h. /

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    Rocky
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    Central Bank plans to withdraw licenses of five commercial banks for failing to comply withregulatio Empty Re: Central Bank plans to withdraw licenses of five commercial banks for failing to comply withregulatio

    Post by Rocky Mon 27 Jan 2014, 6:58 am

    CBI .. withdraw licenses for commercial banks not to raise their capital



    27-01-2014 12:31 PM

    Free -
    Abdul Basit Turki Saeed said the governor of the Iraqi Central Bank on Monday that the bank is expected to pull the licenses of five commercial banks are unable or unwilling to increase their capital before the expiry of a deadline for the end of January.

    Saeed said on the sidelines of a financial conference in Dubai that other banks have committed to the decision or took steps but those five banks are not working on it.

    And pressing the Iraqi Central Bank on private sector banks to increase their capital to 250 billion dinars (215 million dollars) in the context of efforts to strengthen the banking system and raise its efficiency.

    The previous deadline for the June 2013 but decided to extend the deadline to January 31 present.

    According to the central bank website on the Internet working in Iraq 23 conventional banks and private banks, nine private Islamic and seven state-owned banks and 16 foreign banks.

    Said when asked about the measures to be taken against the banks that do not raise their capital by the end of the deadline that their licenses will be withdrawn.

    He declined to give the names of the five banks, pointing out that there is still some time before the expiry of the deadline.

    The conference takes place on the second global financial and banks in Iraq under the auspices of the Iraqi Central Bank on 27 and 28 January / Cowen second in Dubai.

    The event is a platform gathering of delegates and sponsors local projects in Iraq to communicate with international investors, as well as providing a forum to discuss three main issues arising from the rapid economic growth in Iraq.

    These areas include sources and financial structures for major projects in Iraq, and the current situation of the banking sector and the participation of foreign lending companies, environment and technology, and its central role in driving innovation and risk mitigation.

    The governor of the Iraqi Central Bank 'Central Bank of Iraq began a major program to attract foreign investment to Iraq and pave the way for the entry of banks and foreign financial institutions to the State'.

    He added: 'We will use this event to provide outstanding strategies and policies for the development of the financial and economic situation in Iraq, including highlighting the important role played by foreign companies in the growth and development of the local banking sector. We look forward to active participation on the part of financial contributors and investment bodies in supporting the process of construction and development and take advantage of investment opportunities'.

    The work in Iraq is currently fifteen international banks, as well as seven state banks and twenty-three private lending company and nine Islamic banks. Over the past year, in particular, have increased the appetite

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    Neno
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    • Post n°3

    Central Bank plans to withdraw licenses of five commercial banks for failing to comply withregulatio Empty Re: Central Bank plans to withdraw licenses of five commercial banks for failing to comply withregulatio

    Post by Neno Mon 27 Jan 2014, 7:17 pm

    Big Boy has set the rules...FOR ALL, including Iraqi banks. I do not see Iraqi Banks competing with International ones.
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    Central Bank plans to withdraw licenses of five commercial banks for failing to comply withregulatio Empty Re: Central Bank plans to withdraw licenses of five commercial banks for failing to comply withregulatio

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