**************** Cabinet decides to provide liquidity to banks eligibility "discreet"

03/19/2015 17:06



Long-Presse / Baghdad

Decided Committee of the Council of Ministers of Economic Affairs, on Thursday, the Central Bank of Iraq and the Trade Bank to provide liquidity eligibility for banks "discreet" in exchange for acceptable collateral at the sides, and while denied the Trade Bank of Iraq to lend the Kurdistan Regional Government and the central bank in the region, the government and the Council called on the House of Representatives not to allow the "promotion of rumors" affecting the Trade Bank of Iraq.

The Office of the Deputy Prime Minister Ruz Nuri Shaways, in a statement received (range Press), a copy of which, "The Committee on Economic Affairs met Bgelsthe eighth headed by Deputy Prime Minister Ruz Nuri Shaways and the membership of the Minister of Finance and Minister of Oil and Minister of Planning and Minister of Trade and Minister of Industry and Minerals and the deputy governor of the Bank Central and Chairman of the Finance Committee in the House of Representatives. "

The Deputy Prime Minister's Office, "The Committee discussed the support of private banks because of their role in the re-development of the country in order to give it a wider area in the process of economic transformation and the trend toward a market economy and contribute to the process of increasing GDP ratio, through the support of private sector activity "noting that" the Committee appreciated the role of the Central Bank of Iraq and the Iraqi Trade Bank in support of those banks and the fact that economic conditions faced by the country at the present time require to provide more support for these banks. "

The Vice Prime Minister's Office in his statement, that "the Committee decided that the Central Bank and Bank of Iraq to trade to provide liquidity eligibility for banks discreet that suffer from a lack of liquidity as a result of the faltering customers to repay debt owed to those banks in return for those banks to submit acceptable bank guarantees to the sides ".

He said the Deputy Prime Minister's Office, "The Committee also discussed the banking policy of the Trade Bank of Iraq, particularly the issue of lending to the Kurdistan Regional Government and the Central Bank of Iraq in the region, as the Commission found as banking operations professional and there is no loan granted by the bank to the two mentioned."

The Deputy Prime Minister's Office, that "the Commission emphasized that the bank in light of the large financial potential, it is financing its activities continue all to enjoy its high confidence being funded by the president of the trade the government sector," noting that "the Committee invited the State House of Representatives to take responsibility not to allowing the promotion of rumors affect his reputation and financial standing among global banks. "

He noted the Office of the Prime Minister, that "the Commission called for the bank to send the accounts and financial statements audited to the relevant authorities in accordance with the principles of disclosure and transparency, the Deputy Prime Minister's office."

The Iraqi Central Bank revealed on Thursday, for a number of lagging private banks in their work during the last term, and in attributing the cause of the delay to the non-payment of dues contractors and clients as a result of "lack of liquidity", vowed to dealers funds with lagging private banks through " legal reserve ".

The Iraq Stock Exchange has confirmed that the Iraqi Central Bank to impose their guardianship on some private banks, led to "shake the confidence" of the citizens, and low cash liquidity and price traded.

It is noteworthy that the central bank has put in (the fourth of June 2014), Bank of the economy to invest, under guardianship, attributing this to the passion for the advancement of the bank and protect Zbaúnh.kma above the Central Bank and the Warka Bank was placed under guardianship, 2012, to find work, before to decide filed in, (the sixth of February 2014).


http://www.almadapress.com/ar/news/45809/مجلس-الوزراء-يقرر--توفير-السيولة-ال

Parliamentary Finance announces the lifting of civil complaints against banks and form a committee to discuss the reluctance


03/19/2015 17:15


Long-Presse / Baghdad

Parliamentary Finance Committee, announced Thursday, to raise complaints against private banks to the Ministry of Finance, and indicated that they prove a paragraph in the general budget on behalf of the (deposit guarantee), as attributed the cause to give birth to problems in the future, confirmed the formation of a sub-committee to discuss the failure of some of the banks Eligibility in dealing with its customers.

He said the parliamentary Finance Committee member Jabbar Abdul Khaliq said in an interview to the (long-Presse), "The banks are obliged to give deposits to clients," noting that "some banks suffer Aderaah problems, and we had to raise the complaint against her to the Ministry of Finance."

Abdul Khaliq said that "the private banks monitored by the CBI, where banks provide monthly budget to the Central, and the latter used his powers to stop the work of the bank if the disposal of his money out of contexts, and when finds that liquidity has less than deposits then will declare bankruptcy."

For his part, said committee member Massoud Rustam said in an interview to the (long-Presse), "The Commission wants to avoid future problems, such as not to give the banks deposits, install a paragraph in the budget to enact a law on behalf of the (deposit guarantee)," adding that "with the neighboring countries and the world great experience in this subject, and has advanced laws to protect the Customer deposits with banks. "

Rustam said that "the Finance Committee has formed a committee to discuss the mini inside the rumors of failure of some of the private banks from the return of deposits to dealers with him."

The Central Bank of Iraq, it was revealed on Thursday, the presence of a number of private banks lagging in its work during the last term, and in attributing the cause of the delay to the non-payment of dues contractors and clients as a result of "lack of liquidity", vowed to dealers funds with lagging private banks through " legal reserve ".

The Iraq Stock Exchange has confirmed that the Iraqi Central Bank to impose their guardianship on some private banks, led to "shake the confidence" of the citizens, and low cash liquidity and price traded.

It is noteworthy that the central bank has put in (the fourth of June 2014), the economy Investment Bank, under the trusteeship, attributing this to the passion for the advancement of the bank and protect its customers. Ditto the Central Bank and the Warka Bank was placed under guardianship, 2012, to find work, before deciding filed in, (the sixth of February 2014).


http://www.almadapress.com/ar/news/45810/المالية-البرلمانية-تعلن-رفع-شكاوى-ض