Central» Iraqi reach ten Lebanese banks agreed with the installment of capital increase for two year

Central» Iraqi reach ten Lebanese banks agreed with the installment of capital increase for two years


Thursday, June 2, 2016, 26th Sha'ban 1437 AH



The CBI yesterday told ten Lebanese banks, approval of the installment capital increase to $ 50 million for two years, so that banks must pay 20 million this year and 30 million in 2017.
Sources said the follow-up for Arab Economic News that the central decision to Iraq came before the deadline set in June, and by the end, after the visit of a delegation assigned by Lebanese banks (included bankers Samir long and Chawki Badr and lawyer Nasser Hebron) met CBI officials, a proposal was made by installments (there has been an adjustment for hand reduce maturities of three years to two years and the volume of premiums 15-15-15 million to $ 20-30 million) to be issued by the approval decision.
The sources pointed out that «the first installment Almtojb this year (20 million) is the CBI in Baghdad have and, consequently, will not bear the banks the burden supplied in a year full of difficulties and challenges that impose significant financial burdens, especially after the announcement of the bank to its branches in Erbil and Sulaymaniyah are no longer linked done administratively or organizationally or financially, which means not to release the Lebanese deposited money there ».
This file is a clause in the reform process, which the government in Baghdad led with US assistance, so take one of the US Federal units followed up immediately and is charged with investigating suspicious business deals and operations of oil smuggling and remittances dinars / USD, frequented in American arcades it revealed thefts directly inside Iraq by 20 % of them and the rest outside, and totaled about $ 724 billion. And Baghdad are demanding the recovery of about 10% of those thefts, which is equivalent to $ 100 billion in order to provide the Iraqi public sector salaries and financial benefits derived therefrom, after negotiations conducted by the Prime Minister Haider al-Abadi and his predecessor, Nouri al-Maliki in the United States.
The «Lebanese banks that have branches in the Kurdistan region are:« Fransabank »,« Audi »,« Bank BLOM »,« Byblos Bank »,« Mediterranean Bank »,« Credit Libanais »,« Bank of Beirut and the Arab Countries »,« Lebanese - French bank »,« Antrkintenntal Bank »,« Middle East and Africa Bank ».
The Lebanese deposited the money value of the Iraqi Central Bank in Erbil and Sulaymaniyah have, amounts to about $ 90 million, which targeted Baghdad's decision not to edit .--

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