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Shafaq News/ The Central Bank of Iraq announced, on Thursday, that the fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 66 billion Iraqi dinars during the past six months.
A table of the bank, seen by Shafaq News agency, showed that the fines imposed on banks and financial companies during the past six months, starting from January and until the end of June, amounted to 66 billion and 423 million and 972 thousand and 453 dinars, indicating that the fines also included 290 administrative penalties. For these banks and non-banking institutions, they were divided into warnings, warnings, and reprieves.
The table showed that the month of April witnessed the highest fines for banks and non-financial institutions, as these fines amounted to 17 billion and 440 million and 383 thousand and 447 dinars, with administrative penalties amounting to 17 penalties, while the month of June witnessed the lowest fines, amounting to 8 billion and 353 million and 387 thousand and 476 Dinars administrative penalties amounted to 50 penalties.
The table did not show the names of the banks on which fines and administrative penalties were imposed.
The Association of Investors in the Iraq Stock Exchange criticized early June that the Central Bank of Iraq had increased fines on banks, noting that it would affect the profitability of investors in the shares of these banks
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