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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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    The Central Bank clarifies the proposal to reduce interest on some loans of the Iraqi Trade Bank

    Rocky
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    • Post n°1

    The Central Bank clarifies the proposal to reduce interest on some loans of the Iraqi Trade Bank Empty The Central Bank clarifies the proposal to reduce interest on some loans of the Iraqi Trade Bank

    Post by Rocky Mon Aug 05, 2019 7:21 am

    [size=35]The Central Bank clarifies the proposal to reduce interest on some loans of the Iraqi Trade Bank[/size]


    2019-08-05 06:55


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    • Post n°2

    The Central Bank clarifies the proposal to reduce interest on some loans of the Iraqi Trade Bank Empty Explanation of the proposal to reduce the interest of the loans of the Iraqi Trade Bank

    Post by Rocky Mon Aug 05, 2019 3:23 pm

    [rtl]

    Explanation of the proposal to reduce the interest of the loans of the Iraqi Trade Bank

    [/rtl]
    [rtl]Editorial date: 2019/8/5 19:01 • 187 times read[/rtl]
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    (Baghdad: Al Furat News) The Central Bank of Iraq issued on Monday, clarification on the proposal to reduce the interest on some of the loans of the Iraqi Trade Bank.
    The bank said in a statement that "within the framework of the government's understanding of the challenges and losses of the private sector during the past years and the delay of payment of dues for several years, several decisions were issued by the Council of Ministers on directing government banks not to meet the benefits of those with debts owed by the government." 
    The bank added that "these decisions were not implemented because the banks are operating on a commercial basis and in accordance with the requirements and standards to ensure the maintenance of its financial position and the results of its activity in accordance with international practices and standards and controls of the Central Bank of Iraq as subject to supervision and control in achieving financial stability," noting that " Remain identical to the position of the Bank of Iraq in not being able to reduce the benefits and look for a possible mechanism to implement that support. "
    He continued that "the continued demand of those involved in the decisions to reconsider the benefits of their loans to implement those decisions, the meeting held with the Iraqi Trade Bank made recommendations is that if the government wishes to implement those decisions, the bank does not bear the financial consequences, but the Treasury, which is a proposal based on considerations Which are consistent with the nature of the work of banks, which are non-binding proposals and if the government wants to take them or count them. " 
    The bank pointed out that "the subject involves details that have been discussed during the past years and in the case of the introduction of the conditions and limits set by the Iraqi Trade Bank, so that the guidance of support for those affected and within the criteria set by the bank for this purpose," pointing out that "the issue is not open to all loans They also relate to limited years. "
    The bank confirmed that it and the Iraqi Bank for Trade "showed their responsibility was proposed to the banking sector and not subject to bear the consequences of the circumstances that have passed and that any consideration of those circumstances and the half affected should be done in a manner not detrimental to the interests of banks."


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    • Post n°3

    The Central Bank clarifies the proposal to reduce interest on some loans of the Iraqi Trade Bank Empty The Central Bank explains the proposal to reduce the interest on some of the loans of the Iraqi Trad

    Post by Rocky Mon Aug 05, 2019 3:33 pm

    The Central Bank explains the proposal to reduce the interest on some of the loans of the Iraqi Trade Bank

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    [url=https://www.thebaghdadpost.com/ar/Story/t/1486/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A][size=13]The Central Bank of[/url] Iraq issued a clarification on Monday on the proposal to reduce interest rates on some of the loans of the Iraqi Trade Bank.
    The bank said in a statement that "within the framework of the government's understanding of the challenges and losses of the private sector during the past years and the delay of payment of dues for several years, several decisions were issued by the Council of Ministers on directing government banks not to meet the benefits of those with debts owed by the government."
    The bank added that "these decisions were not implemented because the banks are operating on a commercial basis and in accordance with the requirements and standards to ensure the maintenance of its financial position and the results of its activity in accordance with international practices and standards and controls of [url=https://www.thebaghdadpost.com/ar/Story/t/1486/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A]the Central Bank of[/url]Iraq as subject to supervision and control in achieving financial stability," noting that " Remain identical to the position of the Bank of Iraq in not being able to reduce the benefits and look for a possible mechanism to implement that support. "
    He continued that "the continued demand of those involved in the decisions to reconsider the benefits of their loans to implement those decisions, the meeting held with the Iraqi Trade Bank made recommendations is that if the government wishes to implement those decisions, the bank does not bear the financial consequences, but the Treasury, which is a proposal based on considerations Which are consistent with the nature of the work of banks, which are non-binding proposals and if the government wants to take them or count them. "
    The bank pointed out that "the subject involves details that have been discussed during the past years and in the case of the introduction of the conditions and limits set by the Iraqi Trade Bank, so that the guidance of support for the affected already and within the criteria set by the bank for this purpose," noting that "the issue is not open to all loans They also relate to limited years. "
    The bank confirmed that it and the Iraqi Bank for Trade "showed their responsibility was proposed to the banking sector and not subject to bear the consequences of the circumstances that have passed and that any consideration of those circumstances and the half affected should be done in a manner not detrimental to the interests of banks."




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    • Post n°4

    The Central Bank clarifies the proposal to reduce interest on some loans of the Iraqi Trade Bank Empty The Central Bank clarifies the proposal to reduce interest on some loans of the Iraqi Trade Bank

    Post by Rocky Mon Aug 05, 2019 3:41 pm

    [size=35][size=35]The Central Bank clarifies the proposal to reduce interest on some loans of the Iraqi Trade Bank[/size]
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    2019-08-05 06:55
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    He continued that "the continued demand of those involved in the decisions to reconsider the benefits of their loans to implement those decisions, the meeting held with the Iraqi Trade Bank made recommendations is that if the government wishes to implement those decisions, the bank does not bear the financial consequences, but the Treasury, which is a proposal based on considerations Which are consistent with the nature of the work of banks, which are non-binding proposals and if the government wants to take them or count them. " 

    The bank pointed out that "the subject involves details that have been discussed during the past years and in the case of the introduction of the conditions and limits set by the Iraqi Trade Bank, so that the guidance of support for those affected and within the criteria set by the bank for this purpose," pointing out that "the issue is not open to all loans They also relate to limited years. "

    The bank confirmed that it and the Iraqi Bank for Trade "showed their responsibility was proposed to the banking sector and not subject to bear the consequences of the circumstances that have passed and that any consideration of those circumstances and the half affected should be done in a manner not detrimental to the interests of banks."


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    • Post n°5

    The Central Bank clarifies the proposal to reduce interest on some loans of the Iraqi Trade Bank Empty Re: The Central Bank clarifies the proposal to reduce interest on some loans of the Iraqi Trade Bank

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