Baghdad/JD/... Said Iraqi Middle East investment bank providing facilities for its customers up to 198 billion dinars.
Director said the Bank Commissioner ruled Zarzis bahnan agency/JD/:
that the facilities will be provided by 2013 to customers up to 198
billion dinars, with 33% of the volume of bank deposits of more than 600
And the size of facilities bahnan char granted
eight times the Bank's capital when funds, so that the possibility of
further credit available.
The Director explained: the gives
credit in current account overdrafts, and discounting and advances of
all kinds whether productivity or consumption.
He continued: with
respect to facilities bahnan Treaty, the size of the Bank currently 192
billion dinars from documentary credits amounting to 144 billion dinars
and letters of guarantee internal and external 48 billion dinars.
bank credit investment oriented to dealing with large investment
projects on housing and other projects in need of large transfers.
Middle East Bank has announced its capital increase to 250 billion dinars, he will take action and the new amendments in 2013.
Director said the Middle East Bank Commissioner ruled in an earlier
permit Behnam Zarzis for Agency/JD/: the Bank wants to increase its
capital from 150 billion dinars to 250, an amount of 100 billion dinars.
said: that part of the increase will come from the capitalization of
profits in 2012 of 52.6 billion dinars, and after download the income
tax and share legal reserve remaining will be redistributable by 42
billion dinars, representing about 28 percent of its issued capital
Behnam said: either the remaining Simon
within 58 billion dinars will be offering it in two stages the first 15
days of the shareholders and the remainder public offering public
displays also for 15 day./finished/Haidar Ghalib
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