TBI: the restoration of more than $ 557 million

6/11/2014 0:00 

Suspended with reporters in global banks 

Baghdad, Hussein al-Tamimi Tgb regained TBI tbi more than $ 557 million amounts belonging to government departments and suspended with reporters in global banks since 2004. announced that the "morning" Hamdiya dry Director General of the Trade Bank of Iraq, said: "This amounts accumulated by our correspondent JPMORGAN who declined to replay for" D FI "(Development Fund for Iraq) because of problems related to the beneficiary and equipped, although it breach by the supplier. Dry and Oadan that these amounts belonging to government departments for the years from 2004 to 2010 where he made management of the bank since received responsibility middle of the year 2011 efforts to work on the replay through the adoption of Sirefi behavior with high professionalism contributed to convince the reporter retrieved. amounts suspended and showed dry that these amounts represent financial rights of the various state departments and related open credits through the bank with our correspondent, and for a period of 23 / 4/2012 until 10/29/2014 pointing out that work is underway to restore the amounts suspended (remaining) with the reporter. revealed restore debt stalled during the current year, of which 60 million dollars out of the debt up to 63 million dollars and by 20 million in cash and 40 million dollars of credit and in collaboration with the South Oil Company, and has been restored $ 38 million of the debt of $ 38 million with the exception of the benefits of it. credit rating bank's interaction with the international banking sector is an important step raises would among global banks ago saying also: "The bank depends regular plan in building relationships with international banks sober, including Citibank and the collection of Morgan, who are working with him to put the credit rating of the bank, to make it a high status among global banks, and the banks and the quality and Rsantha measured through universally desired credit rating." considered dry failure to approve the budget impact negatively on the performance of the banking sector, especially in the aspect of investment allocations, prompting the bank to look for other bank products to compensate for this effect through the investment of cash available, pointing to the importance that the fluctuation of oil prices into account when preparing the next general budget 2015 To avoid a defect in the project and the nature of the financial allocations of exchange for the state. The bank has been able to after the year 2011 of the retrieval billion and $ 195 million of non-performing debts with dealers Iraqis, as well as the recovery of 114 million euros in debt stalled since the establishment of the bank.  strategic projects and the prospects of the banking business in the current circumstances, said dry: "The management of the bank is aiming to invest high liquidity in strategic projects, and initiated the bank to lend an international company to implement electricity project in Baghdad covers the capital and the edges when it is completed in 2017 ".  She said go for the opening of a new branch of the bank in a beautiful area, commercial weight within the country and bringing the number of branches in Baghdad 7 branches , while distributed 12 branches in different provinces of the country of which 3 in Kurdistan, one of them in Sulaimaniyah and two in Erbil, pointing to the intention of the bank to open a branch in all remaining provinces. finance projects  dry showed that "the bank has a high financial liquidity that can be used in grants credit safe areas large and projects that serve the economy and dealing with the various economic problems, stressing that the bank Mall strategic projects will touch off citizen in 2016, including the production of electric power and industrial projects, projects. "  She called at the end of her speech Association of private banks in Iraq to activate your proposed funding strategy projects by participating with the Trade Bank of Iraq, where only two banks did not respond yet.

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