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North Bank: foreign investment reason the share price decline
March 11, 2015
Direct: North Bank for Finance and Investment, "said BNOR ", included in the Iraq Stock Exchange, on Wednesday, that there is no fundamental reasons for the low stock price, but the reason is that the foreign investor viewing of large amounts of shares in the bank with the lack of cash.
He said the bank in a statement to the Iraqi market, in addition to the presence of the amounts reserved at the Central Bank of Iraq in the Kurdistan region, as well as non-approved budget for 2015 allocations disbursed so far.
The stock fell nearly 30% during the last three sessions to close at 370 dinars with the end of the session on Tuesday.
The Bank operates in the open current accounts, accepting deposits, cash credit of all kinds of grants, issuing letters of credit, letters of credit open, accepting transfers of all kinds, the issuance of the Bills and instruments, buying and selling foreign currencies.
Has a capital of 300 billion dinars distributed to 300 billion shares of 1 dinar per share.
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March 11, 2015
Direct: North Bank for Finance and Investment, "said BNOR ", included in the Iraq Stock Exchange, on Wednesday, that there is no fundamental reasons for the low stock price, but the reason is that the foreign investor viewing of large amounts of shares in the bank with the lack of cash.
He said the bank in a statement to the Iraqi market, in addition to the presence of the amounts reserved at the Central Bank of Iraq in the Kurdistan region, as well as non-approved budget for 2015 allocations disbursed so far.
The stock fell nearly 30% during the last three sessions to close at 370 dinars with the end of the session on Tuesday.
The Bank operates in the open current accounts, accepting deposits, cash credit of all kinds of grants, issuing letters of credit, letters of credit open, accepting transfers of all kinds, the issuance of the Bills and instruments, buying and selling foreign currencies.
Has a capital of 300 billion dinars distributed to 300 billion shares of 1 dinar per share.
[You must be registered and logged in to see this link.]
