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Central: the Committee on Trusteeship will pay depositors Warka Bank
14/05/2012 0:00
BAGHDAD - Al Sabah
said the central bank, The Committee on Trusteeship, which commissioned the study and the liquidation of the assets of the Warka Bank Ahli, who suffered a severe financial crisis is seeking as a first stage to pay depositors the bank over the assets of the bank as he emphasized that the Sergeant Financial is still studying up to now, the Bank's assets in order to raise a final report on its status to the Central Bank.
and decided Central Bank of Iraq early last March, the development and guardianship to the Warka Bank because of the deterioration of fiscal policy, the bank said that the imposition of guardianship on the Warka Bank came to save him.
The main tasks of the Central Bank in managing monetary policy in the country, and raise the value of Iraqi dinar and tackle inflation .
Deputy Governor of Bank of the appearance of Mohammed in an interview made by the Agency (Rn) that «the Commission guardianship which was commissioned by the Central Bank of the management of the Warka Bank operates as a first stage to pay depositors the bank by the owners of capital through the liquidation of assets of the Bank».
He also explained that « Warka Bank assets there is a large lot of money awarded to investors millions of dollars and is seeking custody of the Commission through legal methods to recover the money that some people refuse to pay ».
and the Deputy Governor of the Bank that «the sergeant in charge of the financial report of the numbers from the assets of the bank is still working ... Requires more time out for the purpose of the report because there are many complexities ». He said. Sought Warka Bank, according to economic reports to emerge from its financial crisis by entering Bembagesat with Standard Chartered Bank British to sell a share of the shares, but the talks reached a dead end.
The decision to place custody of the Warka Bank at a time enter the central new mechanism requiring the withdrawal of hard currency on the basis of the importance of development projects in the country, after the news spread about the widening phenomenon of smuggling hard currency, especially to Iran, facing international sanctions.
, says Central Bank of Iraq that the article 59 of its law permits him put custody of the banks which is about the appointment of an interim administration for any Bank gets it financial problems.
According to Article 66 of the Bank Act to be appointed guardian after the central bank could seek through the Central Bank's decision at the request of the Minister of Finance to save the bank in case found that there is a possibility to save him.
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