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October 24, 2024
:diamonds: Opening branches of exchange companies for category (A) ... For more, click here
https://cbi.iq/static/uploads/up/file-172977092862454.pdf
https://cbi.iq/news/view/2698
~~~~~~~~~~~~~~~~
(approximate and incomplete translation of https://cbi.iq/static/uploads/up/file-172977092862454.pdf )
DATE: 2024/10/24
(Population Census... the Pillar of Development)
Exchange Companies for the Art (A)
M/ Opening Branches
Based on the decision of the Board of Directors of this bank No. (225) of 2024, the following has been decided: -
1- Cancel the decision of the Board of Directors of this bank No. (192) of 2023, addressed to you pursuant to our circular No. (19/3/33) on 12/25/2023,
2- Allow your companies that have not exceeded 10 branches (including the main office) to open new branches for them, not exceeding that.
3- Request your companies that have reached 10 branches, including the main office, to increase their capital by an amount of (250) million dinars
When they wish to open a new branch, regardless of the period of granting them the license.
With appreciation.
October 24, 2024
:diamonds: Opening branches of exchange companies for category (A) ... For more, click here
https://cbi.iq/static/uploads/up/file-172977092862454.pdf
https://cbi.iq/news/view/2698
~~~~~~~~~~~~~~~~
(approximate and incomplete translation of https://cbi.iq/static/uploads/up/file-172977092862454.pdf )
DATE: 2024/10/24
(Population Census... the Pillar of Development)
Exchange Companies for the Art (A)
M/ Opening Branches
Based on the decision of the Board of Directors of this bank No. (225) of 2024, the following has been decided: -
1- Cancel the decision of the Board of Directors of this bank No. (192) of 2023, addressed to you pursuant to our circular No. (19/3/33) on 12/25/2023,
2- Allow your companies that have not exceeded 10 branches (including the main office) to open new branches for them, not exceeding that.
3- Request your companies that have reached 10 branches, including the main office, to increase their capital by an amount of (250) million dinars
When they wish to open a new branch, regardless of the period of granting them the license.
With appreciation.
