[You must be registered and logged in to see this image.]
Iraq raises foreign banks' capital to $ 50 million in two phases
Baghdad / long-Presse
Iraq raises foreign banks' capital to $ 50 million in two phases
Baghdad / long-Presse
A source at the Central Bank of Iraq, on Saturday, the granting of Directors of the Bank Bank return of the approval of the head opened a branch in the capital , Baghdad, as he pointed to the granting preliminary approvals on opening four more branches, thebank decided to raise the foreign banks' capital to $ 50 million in two phases.
the source said in an interview with (long - Presse), " the central bank has agreed to open a branch of Bank Audi in the capital , Baghdad, to be a branch president."
the source , who asked not to be named, said : " the central bank has also agreed initially the bank 's plan to open branches in Najaf, Erbil and Basra and Salahaddin. "
works Audi Bank to provide banking services for more than eight countries, particularly Lebanon, Egypt, Turkey, Switzerland, Saudi Arabia, France, Jordan, and Syria.
the increased the bank 's assets in the 7 years the last , according to his official from $ 20.39 billion at theend of 2008 to 42.27 billion at the end of last year.
the source added that " the Iraqi Central Bank decided to raise the foreign banks' capital to $ 50 million in two phases , " noting that " the first phase include a capital raising to 25 million dollars during the period lasts until 31 December 2016. "
The source continued," The second stage is to raise capital to $ 50 million during the year as well, that is,until 31 December 2017 , "noting that" the resolution submitted to the 50 million dollars instead of $ 70 million, came after meetings between the Iraqi Central Bank Governor Ali Mohsen Keywords and a delegation of Lebanese banks visited Iraq several times in the past three months. "
the source, that" the capital increase will allow the banks to open 15 branches in the Iraqi market , "explaining " the minimum capital exact money to open a foreign bank in Iraq was $ 7 million, but the central bank found that the advancement of the banking sector requires the lifting of foreign banks' capital, in a position to work in the Iraqi market."
the Lebanese banks objected to the central bank 's decision Iraqi raise their capital to $ 70 million, because ofthe Iraqi banking market is not conducive to profitability because of the security, political and economic conditions and have applied to the central bank reversed his decision , but he refused to categorically continued delegations to negotiate until reaching the agreement to $ 50 million in two phases .
CBI was announced on Sunday (June 12, 2016), to take a number of corrective decisions to eight community banks, while gave it three months to implement. it is
noteworthy that the banking system in Iraq consists of 54 banks as well as the Central Bank and distributed according to property among the seven state - owned and 23 private businesses , including Islamic nine inaddition to the 15 branches of foreign banks.
the source said in an interview with (long - Presse), " the central bank has agreed to open a branch of Bank Audi in the capital , Baghdad, to be a branch president."
the source , who asked not to be named, said : " the central bank has also agreed initially the bank 's plan to open branches in Najaf, Erbil and Basra and Salahaddin. "
works Audi Bank to provide banking services for more than eight countries, particularly Lebanon, Egypt, Turkey, Switzerland, Saudi Arabia, France, Jordan, and Syria.
the increased the bank 's assets in the 7 years the last , according to his official from $ 20.39 billion at theend of 2008 to 42.27 billion at the end of last year.
the source added that " the Iraqi Central Bank decided to raise the foreign banks' capital to $ 50 million in two phases , " noting that " the first phase include a capital raising to 25 million dollars during the period lasts until 31 December 2016. "
The source continued," The second stage is to raise capital to $ 50 million during the year as well, that is,until 31 December 2017 , "noting that" the resolution submitted to the 50 million dollars instead of $ 70 million, came after meetings between the Iraqi Central Bank Governor Ali Mohsen Keywords and a delegation of Lebanese banks visited Iraq several times in the past three months. "
the source, that" the capital increase will allow the banks to open 15 branches in the Iraqi market , "explaining " the minimum capital exact money to open a foreign bank in Iraq was $ 7 million, but the central bank found that the advancement of the banking sector requires the lifting of foreign banks' capital, in a position to work in the Iraqi market."
the Lebanese banks objected to the central bank 's decision Iraqi raise their capital to $ 70 million, because ofthe Iraqi banking market is not conducive to profitability because of the security, political and economic conditions and have applied to the central bank reversed his decision , but he refused to categorically continued delegations to negotiate until reaching the agreement to $ 50 million in two phases .
CBI was announced on Sunday (June 12, 2016), to take a number of corrective decisions to eight community banks, while gave it three months to implement. it is
noteworthy that the banking system in Iraq consists of 54 banks as well as the Central Bank and distributed according to property among the seven state - owned and 23 private businesses , including Islamic nine inaddition to the 15 branches of foreign banks.
[You must be registered and logged in to see this link.]
Today at 6:56 am by Rocky
» MM&C 11/8/24 Does printing the currency in Iraq cost huge amounts?.. An expert answers
Today at 6:55 am by Rocky
» utube 11/8/24 MM&C MM&C -Iraq Dinar-International Stability-Financial System-IMF-Art
Today at 6:54 am by Rocky
» MM&C 11/10/24 An agreement between (Hisabi) and (TBI) to open two new branches and install dozens
Today at 6:54 am by Rocky
» Parliamentary Foreign Affairs: The government's policy is to keep Iraq away from the circle of war
Today at 6:50 am by Rocky
» Collecting 90 parliamentary signatures to question the Minister of Education
Today at 6:48 am by Rocky
» Removing towers and concrete blocks from the international road west of Baghdad
Today at 5:16 am by Rocky
» 150 suspended laws.. Political differences continue to obstruct the work of Parliament
Today at 5:15 am by Rocky
» MP: Sunni and Kurdish blocs want US forces to remain in Iraq
Today at 5:14 am by Rocky
» Central Bank Dollar Sales Increase
Today at 5:13 am by Rocky
» Launching the industrial cities plan in Diyala
Today at 5:12 am by Rocky
» Researcher: Mismanagement and politics negatively affected the value of the Iraqi dinar against the
Today at 5:11 am by Rocky
» Analyst: Al-Mashhadani is marketing himself on the basis of representing the Sunni component in parl
Today at 5:09 am by Rocky
» Kurdistan Region Authority Demands Postponement of Population Census in Iraq
Today at 5:08 am by Rocky
» Urea factories in Iraq produce 2,500 tons per day.. How will they be affected?
Today at 5:06 am by Rocky
» Turkish companies produce nearly 40,000 barrels of oil per day in three countries, including Iraq
Today at 5:05 am by Rocky
» BlackRock's Bitcoin ETF Size Surpasses Gold's
Today at 5:04 am by Rocky
» Border crossings: The number of Lebanese guests to Iraq reached 18 thousand
Today at 5:02 am by Rocky
» Electricity identifies two sites for generating energy using waste
Today at 5:01 am by Rocky
» Parliamentary move to legislate the "Green Economy" law
Today at 5:00 am by Rocky
» Due to traffic congestion, 60% of Iraqis suffer from psychological pressure
Today at 4:59 am by Rocky
» Iraq looks forward to a new phase after Trump's victory
Today at 4:57 am by Rocky
» Baghdad hosts the fourth Arab Media Conference
Today at 4:56 am by Rocky
» Iraq at Riyadh Summit tomorrow
Today at 4:54 am by Rocky
» Al-Sudani directs to take important steps within the framework of efforts to reform the financial an
Today at 4:53 am by Rocky
» Al-Sudani renews his call to stop the war in Lebanon and Gaza
Today at 4:51 am by Rocky
» Foreign Minister arrives in Riyadh to participate in the ministerial meeting of the Arab-Islamic Sum
Today at 4:49 am by Rocky
» Today's newspapers focus on the phone call between Al-Sudani and Trump and the preparatory ministeri
Today at 4:48 am by Rocky
» Iraq's oil exports to America fell last week
Today at 4:46 am by Rocky
» Labor and the World Bank discuss developing and updating the electronic systems of the Social Protec
Today at 4:45 am by Rocky
» Kurdish concern over Trump's policies: We do not count on his positions on Middle East issues
Today at 4:43 am by Rocky
» Human Rights Center: 60% of Iraqis suffer from psychological pressure due to overcrowding
Today at 4:41 am by Rocky
» The regional government demands postponing the population census in areas subject to Article 140
Today at 4:40 am by Rocky
» Former Finance Undersecretary Reveals Reasons for the Continuation of the Region’s Salary Crisis: So
Today at 4:38 am by Rocky
» Industry confirms opening of 9 factories and completion of 80% of government program
Today at 4:36 am by Rocky
» Ministry of Construction: Launching the housing loan application form in early 2025
Today at 4:35 am by Rocky
» Al-Saadi: The government must purchase air defense systems despite American pressure
Today at 4:33 am by Rocky
» Al-Sudani directs the Crisis Management Center to provide relief to those affected by floods in nort
Today at 4:32 am by Rocky
» Erbil Trade and Industry calls on Al-Sudani to remove obstacles to trade movement with Iraqi provinc
Today at 4:31 am by Rocky
» Sudanese in Kurdistan next Wednesday
Today at 4:30 am by Rocky
» Trump's return and the file of withdrawing US forces.. Will understandings be slaughtered on the alt
Today at 4:29 am by Rocky
» Bitcoin breaks all-time record!
Today at 4:27 am by Rocky
» Baghdad and the factions calm down with “Trump” and deny providing facilities for Iran to strike Isr
Today at 4:26 am by Rocky
» The leaks crisis “gets more complicated” and the government complains of “targeting”.. Al-Sudani’s c
Today at 4:25 am by Rocky
» Al-Awadi: The communication between the Prime Minister and the US President-elect was highly positiv
Today at 4:23 am by Rocky
» Minister of Industry: Government move to ensure gas supply for fertilizer projects
Today at 4:22 am by Rocky
» Delay in 2025 budget schedules raises concerns in parliament
Today at 4:19 am by Rocky
» Next week .. Launching the eighth food basket in Iraq
Today at 4:18 am by Rocky
» The Commission responds to 68% of the appeals of the Kurdistan elections.. When is the "final approv
Today at 4:15 am by Rocky
» Is there a relationship between "Indomie" and dollar smuggling in Iraq?
Today at 4:12 am by Rocky
» Dollar exchange rates in Iraqi markets today
Today at 4:10 am by Rocky
» "For Budget and Elections Entitlements"... Basra is "Excited" to Count Its Population after Years of
Today at 4:09 am by Rocky
» Government advisor proud of resistance strikes from Iraq: Iran is the tent and foundation of resista
Today at 4:08 am by Rocky
» Solar electricity... billions on building roofs
Today at 4:06 am by Rocky
» To approve controversial laws... new political understandings between the blocs
Yesterday at 5:09 am by Rocky
» TBI opens two branches in Sulaymaniyah and Erbil and distributes 10,000 bank cards in Kurdistan
Yesterday at 5:07 am by Rocky
» Private Banks Association: The rate of financial inclusion for electronic payment is increasing
Yesterday at 5:03 am by Rocky
» Following the extension of the legislative term... a representative of "Al-Jabal": More than 120 law
Yesterday at 5:01 am by Rocky
» The leak of “billion-dollar bribes” shakes the atmosphere... Al-Sudani’s advisor is in the eye of th
Yesterday at 4:56 am by Rocky
» Central Statistical Organization: $24.6 billion in Iraqi imports in 2023
Yesterday at 4:52 am by Rocky
» Operating Iraqi factories... citizens' hope and influential merchants' obstacle
Yesterday at 4:48 am by Rocky
» Al-Sudani Office: Spreading lies is the weapon of the bankrupt
Yesterday at 4:47 am by Rocky
» Al-Maliki: The government and political forces must abide by the statement of the authority
Yesterday at 4:46 am by Rocky
» Parliamentary Security: US forces entered Iraq for the purpose of occupation
Yesterday at 4:44 am by Rocky
» Politician: Next year's budget will face several challenges
Yesterday at 4:43 am by Rocky
» White House Position Awaits Iraqi Beauty Who Helped Trump Return to Presidency
Yesterday at 4:41 am by Rocky
» Dana Gas achieves $112 million in profits in nine months in Kurdistan
Yesterday at 4:40 am by Rocky
» Al-Maliki warns against the explosion of internal crises and the activity of Baath Party cells in Ir
Yesterday at 4:39 am by Rocky
» Find out Iraq's global and Arab ranking with the highest average per capita wealth for the year 2024
Yesterday at 4:38 am by Rocky
» Al-Sudani's advisor: We have put in place a mechanism to provide loans to these groups
Yesterday at 4:36 am by Rocky
» A set of recommendations from Al-Sudani to reform the financial and banking system in Iraq
Yesterday at 4:35 am by Rocky
» Economist: Mistakes are being made in dealing with Basra crude prices
Yesterday at 4:34 am by Rocky
» MP reveals reason behind rising real estate prices in Basra
Yesterday at 4:32 am by Rocky
» Private Banks Association: Financial inclusion rate rose to 48%
Yesterday at 4:31 am by Rocky
» Economic Center Proposes Establishing a Ministry or Authority for Artificial Intelligence in Iraq
Yesterday at 4:30 am by Rocky
» Head of the "Homeland" coalition to "Nina": New understandings between parliamentary blocs to pass c
Yesterday at 4:28 am by Rocky
» Interior Minister chairs meeting to discuss preparations for securing Arab Summit in Baghdad
Yesterday at 4:27 am by Rocky
» The Prime Minister of the Kurdistan Regional Government discusses with the Japanese Ambassador to Ir
Yesterday at 4:25 am by Rocky
» Al-Maliki: Iraq is a key country in the region, not a marginal one
Yesterday at 4:24 am by Rocky
» Al-Araji discusses with the Iranian military attaché in Baghdad ways to enhance the security and sta
Yesterday at 4:23 am by Rocky
» Expectations of delaying the formation of the regional government until next year due to the lack of
Yesterday at 4:21 am by Rocky
» Tens of thousands of victims.. Will Iraq be able to remove mines before the end of 2028?
Yesterday at 4:20 am by Rocky
» Parliamentary satisfaction with intelligence efforts: The quality of information contributed to dire
Yesterday at 4:18 am by Rocky
» Trump wants to meet Sudani soon
Yesterday at 4:17 am by Rocky
» Kurdistan Finance delegation in Baghdad to discuss October salaries
Yesterday at 4:16 am by Rocky
» Voting this week.. Political dialogues to resolve differences over controversial laws in parliament
Yesterday at 4:14 am by Rocky
» Oil: Associated gas investment in the north reached 410 MCM
Yesterday at 4:13 am by Rocky
» With a length of (2444) meters.. Transport explains the strategic importance of the submerged tunnel
Yesterday at 4:11 am by Rocky
» Government Media: 670 model schools completed in all governorates
Yesterday at 4:10 am by Rocky
» For these reasons, Al-Mashhadani came to power as Speaker of Parliament.
Yesterday at 4:08 am by Rocky
» For these reasons, Al-Mashhadani came to power as Speaker of Parliament.
Yesterday at 4:06 am by Rocky
» Iraq reveals Iranian pledges not to use its territory in any attack
Yesterday at 4:05 am by Rocky
» Al-Mashhadani’s first test: “One month” before the Iraqi parliament to decide on “controversial” law
Yesterday at 4:04 am by Rocky
» Al-Sudani directs Jordanians to enter Iraq without a visa
Yesterday at 4:03 am by Rocky
» Wasted wealth.. More than 50% of Iraqi factories are out of operation
Yesterday at 4:02 am by Rocky
» Saleh Al-Mutlaq: “General amnesty” is designed for thieves
Yesterday at 4:01 am by Rocky
» Parliamentarian: Cancellation of the international coalition withdrawal agreement from Iraq is possi
Yesterday at 4:00 am by Rocky
» Government 'furious' at spreading lies: Law will take its right course
Yesterday at 3:58 am by Rocky
» Baghdad Mayor launches new phase to achieve sustainable development at Cairo Urban Forum
Yesterday at 3:57 am by Rocky