Home
Source: Bank carries out its intended Economy
06/12/20140
Investment Iraq denies placed under the tutelage of the Central BAGHDAD - time
Denied Investment Bank of Iraq to be CBI may be placed under guardianship. A source at the bank of (time) yesterday that (the bank carries on its business as usual and provide banking services to customers on the way according to the daily.) And added to (the bank intended to custody by the Central Bank is the bank for the financing of the economy and the investment). The (time) has been published in the issue dated on the eighth of June, a report talked about the imposition of the CBI custody of the Economy Bank for Finance and Investment, and he would set up committees and trusteeship composed of three people for a period of 18 months, subject to extension of its mission to prepare a report on the financial situation and the future and prospects future for the bank. The bank said in a statement that (due to the deterioration of the financial Bank of the economy and its inability to fulfill its financial obligations because of mistakes and unsound practices committed by the bank and the debacle over the obligations to its
customers and the aim of the safety of banking and financial system in Iraq decides to impose a trusteeship on the bank). He said that (based on Article 40 of the Bank Act of 2004, which authorized him supervisory authority and control over the banks operating in Iraq and the implementation of the provisions of paragraph 1 of Article 59 of the Banking Act 94 of 2004, which stipulates that the Bank shall appoint a trustee for the bank when the bank decided that the bank of Ivy obligations When financial entitlements.) to the central bank warned citizens to deal with the Basra International Bank and investment, adding that the bank stopped all its banking practice. The bank said in a statement yesterday that (on the citizens not to accept any instrument issued by the Basra International Bank for Investment and to stop the practice of all banking business). He added that the (bank had previously put under the guardianship of coercive based on the decision of the Iraqi Central Bank in 1485 in June 2012 in accordance with Article 69 of the Banking Act 2004).
[You must be registered and logged in to see this link.]
Modify message
06/12/20140
Investment Iraq denies placed under the tutelage of the Central BAGHDAD - time
Denied Investment Bank of Iraq to be CBI may be placed under guardianship. A source at the bank of (time) yesterday that (the bank carries on its business as usual and provide banking services to customers on the way according to the daily.) And added to (the bank intended to custody by the Central Bank is the bank for the financing of the economy and the investment). The (time) has been published in the issue dated on the eighth of June, a report talked about the imposition of the CBI custody of the Economy Bank for Finance and Investment, and he would set up committees and trusteeship composed of three people for a period of 18 months, subject to extension of its mission to prepare a report on the financial situation and the future and prospects future for the bank. The bank said in a statement that (due to the deterioration of the financial Bank of the economy and its inability to fulfill its financial obligations because of mistakes and unsound practices committed by the bank and the debacle over the obligations to its
customers and the aim of the safety of banking and financial system in Iraq decides to impose a trusteeship on the bank). He said that (based on Article 40 of the Bank Act of 2004, which authorized him supervisory authority and control over the banks operating in Iraq and the implementation of the provisions of paragraph 1 of Article 59 of the Banking Act 94 of 2004, which stipulates that the Bank shall appoint a trustee for the bank when the bank decided that the bank of Ivy obligations When financial entitlements.) to the central bank warned citizens to deal with the Basra International Bank and investment, adding that the bank stopped all its banking practice. The bank said in a statement yesterday that (on the citizens not to accept any instrument issued by the Basra International Bank for Investment and to stop the practice of all banking business). He added that the (bank had previously put under the guardianship of coercive based on the decision of the Iraqi Central Bank in 1485 in June 2012 in accordance with Article 69 of the Banking Act 2004).
[You must be registered and logged in to see this link.]
Modify message
