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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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    Economists call for fairness in granting government loans to banks without collateral

    Rocky
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    • Post n°1

    Economists call for fairness in granting government loans to banks without collateral Empty Economists call for fairness in granting government loans to banks without collateral

    Post by Rocky Thu 04 Sep 2014, 4:18 am

    Economists call for fairness in granting government loans to banks without collateral


    Wednesday 3 September 2014 15: 56



    Alsumaria news/Baghdad

    A number of economists, Wednesday, the integrity Commission to investigate some State banks loans without guarantees, noting that many of them, they wash their hands to repay these loans.

    He said economic expert Ahmad rikaby said in an interview for "alsumaria news", "some State banks are granting loans to more than 70 billion dinars to some businessmen without collateral", stating that "most of these later repaid they wash their hands".

    Added Rikabi: "some favoritism and corruption leads to walmnsobet some of these banks to loans without guarantee for building an investment project", called "the integrity Commission to investigate the problem of corruption that incipient State banks."

    For his part, says one businessman Mohammed Al-Qaisi said banks had granted loans to some businessmen without collateral as it has done in 2008 to some businessmen and companies belonging to the industry Ministry by giving them loans without guarantees ".

    Al Qaisi told shows for "alsumaria news", that "the State banks are applying a double standard between customers while stress management procedures to grant loans without guarantees to others."

    Al-Qaisi called "integrity Commission to speed up the investigation into the corruption and bring those responsible to justice."

    Already an important Government and banks is TBI problems led to the escape of former Director Hussein Al-Azri, after the Cabinet decided as directly responsible for the commercial bank, a joint investigative Committee from the integrity Commission and the Office of financial supervision and the Ministry of finance experts, as reported on irregularities in the Bank's report was transmitted to the judicial authorities responsible for consideration.

    He was Director of the commercial bank of Iraq Hussein Al-Azri, arrived in Beirut on the fourth of June 2011 fleeing from Iraq to back board charged with corruption by Prime Minister Nouri al-Maliki, parliamentary integrity Commission blamed the Government for the escape of Al-Azri abroad, she repeatedly stressed not to allow any official to travel only after approval.

    The banks have not kept pace with developments in the work of the World Bank, and the link between them is through the use of telephone and fax, and the Internet did not intervene until after the year 2004, the Ministry of finance to the development of associated banks through the introduction of modern technologies and global banks are bound to, to facilitate the transfer of funds to and from Iraq.


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