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[size=36]The Iraqi Trade Bank announces the recovery of one trillion and 500 billion dinars[/size]
Economie| 12:39 - 11/12/2022
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Baghdad - Mawazine News
, the Iraqi Trade Bank announced, on Sunday, the recovery of one trillion and 500 billion dinars, while confirming that there are no loans for fake projects.
And a statement by the bank stated, "The Iraqi Trade Bank TBI represents the gateway to communication with the world for the implementation of documentary credits and the issuance of letters of guarantee and foreign transfers with financial institutions with countries all over the world, and that these banking operations are implemented for the government and private sectors."
He explained that he "enjoys the confidence of major international banks through banking financial relations by opening accounts for the bank with those correspondent banks, which number 420 correspondent banks around the world," noting that he "publishes, with full transparency, on his official website, all the financial statements audited by a company." The four specialized majors around the world, in which all the financial details of the bank are clarified, including the amounts of lagging loans.
Regarding what was published on one of the satellite channels, the statement explained, "The total amount of the bank's lag loans is inaccurate, because there are financial settlements concluded with the bank's customers, and they are continuing to pay the loan amounts and their interest without hesitation."
He stressed, "There are no loans for fictitious projects, according to what has been mentioned, but there are a number of previous loans to customers of unknown place of residence, which were made during the era of the previous administrations of the bank, and who could not be notified at the addresses registered with the bank, which forced the administration to take legal measures against them through Informing them of the official legal means of the unknown place of residence through the official Iraqi newspapers, and we confirm that the Iraqi courts have issued decisions and rulings in absentia against them.
He pointed out, "The circulation of this information in the media without verifying its exact sources directly affects the Iraqi Trade Bank and its relationship with correspondent banks around the world, which is reflected in the Iraqi economy in general."
And he continued, "The Iraqi Trade Bank began gradually, most recently in the last two years, by taking allocations for doubtful debts and withholding them from the bank's profits to face loans that are lagging on repayment, in order to strengthen the financial position and to enhance the bank's sobriety due to the delay in repaying those loans," noting that "the personalities whose names are mentioned In the report published on the satellite channel, they are not reluctant and are committed to paying loan amounts and interest on an ongoing basis.
And he added, "The administration of the Iraqi Trade Bank (TBI) is keen to preserve public money and has been working in the last two years in cooperation with the Office of Financial Supervision, the Integrity Commission and the Supreme Judicial Council on this matter, as nearly an amount (one trillion and five hundred billion Iraqi dinars) has been collected through the establishment of judicial legal cases." Seizing movable and immovable funds, implementing travel ban provisions against a number of reluctant customers to pay what they owe, concluding financial settlements with another number of reluctant customers, and taking additional guarantees to strengthen the general position of loans.
He pointed out, "The work is continuing in full swing to follow up on the bank's lagging customers, in order to recover all the amounts of those lagging loans and their benefits, noting that the Iraqi Trade Bank has achieved profits and financial returns so far from this year 2022 at the highest rate compared to previous years, and one returns These reasons lead to the recovery of a number of sums of money for the bank's lagging customers. Ended 29/N33
, the Iraqi Trade Bank announced, on Sunday, the recovery of one trillion and 500 billion dinars, while confirming that there are no loans for fake projects.
And a statement by the bank stated, "The Iraqi Trade Bank TBI represents the gateway to communication with the world for the implementation of documentary credits and the issuance of letters of guarantee and foreign transfers with financial institutions with countries all over the world, and that these banking operations are implemented for the government and private sectors."
He explained that he "enjoys the confidence of major international banks through banking financial relations by opening accounts for the bank with those correspondent banks, which number 420 correspondent banks around the world," noting that he "publishes, with full transparency, on his official website, all the financial statements audited by a company." The four specialized majors around the world, in which all the financial details of the bank are clarified, including the amounts of lagging loans.
Regarding what was published on one of the satellite channels, the statement explained, "The total amount of the bank's lag loans is inaccurate, because there are financial settlements concluded with the bank's customers, and they are continuing to pay the loan amounts and their interest without hesitation."
He stressed, "There are no loans for fictitious projects, according to what has been mentioned, but there are a number of previous loans to customers of unknown place of residence, which were made during the era of the previous administrations of the bank, and who could not be notified at the addresses registered with the bank, which forced the administration to take legal measures against them through Informing them of the official legal means of the unknown place of residence through the official Iraqi newspapers, and we confirm that the Iraqi courts have issued decisions and rulings in absentia against them.
He pointed out, "The circulation of this information in the media without verifying its exact sources directly affects the Iraqi Trade Bank and its relationship with correspondent banks around the world, which is reflected in the Iraqi economy in general."
And he continued, "The Iraqi Trade Bank began gradually, most recently in the last two years, by taking allocations for doubtful debts and withholding them from the bank's profits to face loans that are lagging on repayment, in order to strengthen the financial position and to enhance the bank's sobriety due to the delay in repaying those loans," noting that "the personalities whose names are mentioned In the report published on the satellite channel, they are not reluctant and are committed to paying loan amounts and interest on an ongoing basis.
And he added, "The administration of the Iraqi Trade Bank (TBI) is keen to preserve public money and has been working in the last two years in cooperation with the Office of Financial Supervision, the Integrity Commission and the Supreme Judicial Council on this matter, as nearly an amount (one trillion and five hundred billion Iraqi dinars) has been collected through the establishment of judicial legal cases." Seizing movable and immovable funds, implementing travel ban provisions against a number of reluctant customers to pay what they owe, concluding financial settlements with another number of reluctant customers, and taking additional guarantees to strengthen the general position of loans.
He pointed out, "The work is continuing in full swing to follow up on the bank's lagging customers, in order to recover all the amounts of those lagging loans and their benefits, noting that the Iraqi Trade Bank has achieved profits and financial returns so far from this year 2022 at the highest rate compared to previous years, and one returns These reasons lead to the recovery of a number of sums of money for the bank's lagging customers. Ended 29/N33
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