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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    This way TBI can recover $215 million from defaulting borrowers

    Rocky
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    This way TBI can recover $215 million from defaulting borrowers Empty This way TBI can recover $215 million from defaulting borrowers

    Post by Rocky Tue 09 Apr 2024, 6:34 am

    [size=35][size=35]This way TBI can recover $215 million from defaulting borrowers[/size]
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    Economy

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    2024-04-09 | 06:33
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    Al-Sumaria News -

    Economy Economist Duraid Al-Anzi presented, today, Tuesday, a method that he believes is “effective” for the Trade Bank of Iraq (TBI) to recover the amount of $215 million that it lost from reluctant creditors, while revealing the reasons for the occurrence of this problem years ago.


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    Al-Enezi said in an interview with Al-Sumaria News, “Most of the loans that were given in the past were without guarantees, and most of them went to the [You must be registered and logged in to see this link.] region, in very high numbers, due to the collusion of the bank’s management at that time with a group of influential businessmen, while the controls stipulate the condition of having a guarantee from The beneficiary party can recover it at any moment,” noting that “this guarantee is supposed to compensate the amount of the borrowed amount one and a third times.”



    Al-Enezi added, “The way through which the bank can recover its money is by reviewing the lending contracts and forming a neutral foreign committee specialized in resolving disputes and studying the borrowing contracts,” pointing out that “a portion of these loans goes to the Federal Court to issue seizure or control decisions or announce the sale.” for the purpose of payment.”

    Al-Enezi explained, "The method should also be through cooperation with the borrower and by including his name in the [url=https://www.alsumaria.tv/entity/1763694690/%D8%A7%D9%84%D8%B4%D8%B1%D8%B7%D8%A9 %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9/ar/]International Police[/url] ([You must be registered and logged in to see this link.]) and asking him to pay in installments and obtain new guarantees on the amounts he borrowed from the bank."

    Al-Enezi continued, "The fees of this investigative committee should be on the losing party and not on the bank," noting "the difficulty of recovering money from people in the [You must be registered and logged in to see this link.] region, because the authority of the federal government there is somewhat weak."
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