Central of Warka either (liquidation) or (rehab) and giving him 10 days to deposit 200 billion dinars

Read more ... BAGHDAD / obelisk: Central Bank has given the Warka Bank for ten days to comply with its decisions Judge deposit of $ 200 billion Iraqi dinars and not to damage the interests of its clients.



A statement issued by the bank and got the obelisk, a copy of "I faced the Warka Bank for Investment and Finance several problems and committed his administration a lot of mistakes, which summoned the Iraqi Central Bank to impose trusteeship upon start act Capricorn liquidate him has offered major shareholders in the bank several proposals for his rehabilitation."



The statement noted that "the Board of Directors of the Central Bank studied two options to address the situation Bank Warka first heading toward (liquidation) and the second emphasizes the (rehab) under very careful on the interests of depositors and their rights and noted that the liquidation of the bank threaten their rights."



"The keep the bank on this case is contrary to trends central bank in building a Iraqi bank Rezin and strengthen confidence" past to say "it Council decided to extend a warning to the Warka Bank until 12/31/2012 to pay what was agreed upon deposit of $ 200 billion dinars, Otherwise take the Central Bank of the necessary measures to eliminate him. "



The Central Bank of Iraq announced, (5 March 2012) on the status of the Warka Bank under trusteeship after the failure of talks with British bank Standard Chartered, which began in April 2011 to buy a stake in it after suffering a financial crisis summoned and placed under guardianship.



Warka Bank for Investment and Finance, which was established in 1999, 130 branches and 350 ATMs in all parts of Iraq.



It is noteworthy that Iraq has seven banks owned by the state and 23 private banks and eight Islamic banks in particular, according to the site's central bank, while dominated by the banking sector banks Rafidain and Rasheed Aovernmaan, and subject currently restructuring in order to pay off the debts accumulated after years of war and sanctions.


http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.almasalah.com