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The Iraqi Central Bank fined banks and exchange companies about 250 billion dinars
Economy Central Bank of Iraq Exchange companies Administrative and financial penalties Iraqi banks
2024-10-27 01:03
Shafaq News/ The Central Bank of Iraq announced on Sunday that the fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 249 billion Iraqi dinars during the past nine months.
A table of the bank, viewed by Shafaq News Agency, showed that the fines imposed on banks and financial companies during the past 9 months, starting from January and until the end of last September, amounted to 249 billion, 889 million, 756 thousand and 16 dinars, indicating that “the fines also included 221 dinars.” Administrative punishment for these banks and non-banking institutions varied between a warning, a warning, and a grace period.”
The table showed that “the month of January witnessed the highest fines on banks and non-financial institutions, as these fines amounted to 98 billion, 277 million, 722 thousand and 62 dinars, with administrative penalties amounting to 17 penalties, while the month of September witnessed the lowest fines, as they amounted to 2 billion, 331 million, 465 thousand and 48 dinars.” With administrative penalties amounting to 13 penalties.
The table did not show the names of the banks on which fines and administrative penalties were imposed.
The Association of Investors in the Iraqi Stock Exchange criticized the Central Bank of Iraq's increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks.
https://shafaq.com/ar/اقتصـاد/المركزي-العراقي-يغر-م-مصارف-وشركات-صرافة-نحو-250-مليار-دينار
Economy Central Bank of Iraq Exchange companies Administrative and financial penalties Iraqi banks
2024-10-27 01:03
Shafaq News/ The Central Bank of Iraq announced on Sunday that the fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 249 billion Iraqi dinars during the past nine months.
A table of the bank, viewed by Shafaq News Agency, showed that the fines imposed on banks and financial companies during the past 9 months, starting from January and until the end of last September, amounted to 249 billion, 889 million, 756 thousand and 16 dinars, indicating that “the fines also included 221 dinars.” Administrative punishment for these banks and non-banking institutions varied between a warning, a warning, and a grace period.”
The table showed that “the month of January witnessed the highest fines on banks and non-financial institutions, as these fines amounted to 98 billion, 277 million, 722 thousand and 62 dinars, with administrative penalties amounting to 17 penalties, while the month of September witnessed the lowest fines, as they amounted to 2 billion, 331 million, 465 thousand and 48 dinars.” With administrative penalties amounting to 13 penalties.
The table did not show the names of the banks on which fines and administrative penalties were imposed.
The Association of Investors in the Iraqi Stock Exchange criticized the Central Bank of Iraq's increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks.
https://shafaq.com/ar/اقتصـاد/المركزي-العراقي-يغر-م-مصارف-وشركات-صرافة-نحو-250-مليار-دينار
