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Note receivable against Commercial Bank of Iraq
06/06/2011
Baghdad morning
A government source said yesterday that the judicial authorities issued a warrant against the head of the Iraqi commercial bank, the Bank said its management and routine activities in Baghdad and the governorates.
Current administration confirms continued work and servicing
Baghdad morning
A government source said yesterday that the judicial authorities issued a warrant against the head of the Iraqi commercial bank, the Bank said its management and routine activities in Baghdad and the governorates.
A government source quoted Reuters: that commercial bank chief Hussein Al-Azri fled to Lebanon, and did not respond to calls on his mobile phone.
Prime Minister Nuri al-Maliki announced Thursday a joint investigative Commission of body integrity, Office of financial supervision and the Ministry of finance experts reported on Iraqi bank irregularities, noting that the report was transmitted to the competent judicial authorities for consideration.
The Government source that authorities had information that Al-Azri went to Beirut, adding that "the judiciary ordered the arrests on the basis of the evidence against them one bank".
Iraqi Trade Bank was established in the aftermath of the war to overthrow Saddam's regime in 2003 and is one of the most successful national financial institutions and participates in the financing food supplies and secure funding for the private sector for energy projects and other reconstruction projects. Meanwhile, unconfirmed sources said Prime Minister appointed a new Director of hamdiya dry commercial bank. He said in a press release reported by the independent press agency "eiba": the successor tasks received dry former Hussein Al-Azri yesterday in the presence of the Secretary-General of the Council of Ministers on relations. , Legal counsel for the Bank's almamoury arrest warrant against Al-Azri, noting that he was suspended from his duties. In the same window, said Commerzbank's continued work and normal activities in Baghdad and the governorates.
The press release issued by the Bank received the "morning" from yesterday "in light of reports of space, channels like the Iraqi bank of Commerce announced that the Bank continued to exercise its business in providing services to all its customers and clients of State institutions and Iraqi banks, the private sector through its subsidiaries within and outside Baghdad.
"The Prime Minister's visit to the Bank and its guidance added support of members of the Bank and impetus for them to continue to bid and make efforts to enhance the performance of this important economic and financial architecture in the country.
The commercial bank of Iraq, which has 14 branches across the country announced that total assets amounted to 15 billion dollars in 2010, up 16 percent from a year earlier. He said in May that its profits increased last year by 18 percent to $ 361 million.
A banking source said Thursday that the irregularities detected are "unrecoverable loans stumble" worth billions of dollars owed by an Iraqi bank companies, pointing out that also includes accusations of mismanagement and lack of compliance with banking regulations.
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06/06/2011
Baghdad morning
A government source said yesterday that the judicial authorities issued a warrant against the head of the Iraqi commercial bank, the Bank said its management and routine activities in Baghdad and the governorates.
Current administration confirms continued work and servicing
Baghdad morning
A government source said yesterday that the judicial authorities issued a warrant against the head of the Iraqi commercial bank, the Bank said its management and routine activities in Baghdad and the governorates.
A government source quoted Reuters: that commercial bank chief Hussein Al-Azri fled to Lebanon, and did not respond to calls on his mobile phone.
Prime Minister Nuri al-Maliki announced Thursday a joint investigative Commission of body integrity, Office of financial supervision and the Ministry of finance experts reported on Iraqi bank irregularities, noting that the report was transmitted to the competent judicial authorities for consideration.
The Government source that authorities had information that Al-Azri went to Beirut, adding that "the judiciary ordered the arrests on the basis of the evidence against them one bank".
Iraqi Trade Bank was established in the aftermath of the war to overthrow Saddam's regime in 2003 and is one of the most successful national financial institutions and participates in the financing food supplies and secure funding for the private sector for energy projects and other reconstruction projects. Meanwhile, unconfirmed sources said Prime Minister appointed a new Director of hamdiya dry commercial bank. He said in a press release reported by the independent press agency "eiba": the successor tasks received dry former Hussein Al-Azri yesterday in the presence of the Secretary-General of the Council of Ministers on relations. , Legal counsel for the Bank's almamoury arrest warrant against Al-Azri, noting that he was suspended from his duties. In the same window, said Commerzbank's continued work and normal activities in Baghdad and the governorates.
The press release issued by the Bank received the "morning" from yesterday "in light of reports of space, channels like the Iraqi bank of Commerce announced that the Bank continued to exercise its business in providing services to all its customers and clients of State institutions and Iraqi banks, the private sector through its subsidiaries within and outside Baghdad.
"The Prime Minister's visit to the Bank and its guidance added support of members of the Bank and impetus for them to continue to bid and make efforts to enhance the performance of this important economic and financial architecture in the country.
The commercial bank of Iraq, which has 14 branches across the country announced that total assets amounted to 15 billion dollars in 2010, up 16 percent from a year earlier. He said in May that its profits increased last year by 18 percent to $ 361 million.
A banking source said Thursday that the irregularities detected are "unrecoverable loans stumble" worth billions of dollars owed by an Iraqi bank companies, pointing out that also includes accusations of mismanagement and lack of compliance with banking regulations.
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