***** Central Bank pulls licenses of five banks
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***** Central Bank pulls licenses of five banks
Admin Mon Jan 27, 2014 9:16 am
01/27/2014 12:20
According to the central bank website on the Internet working in Iraq 23 conventional banks and private banks, nine private Islamic and seven state-owned banks and 16 foreign banks.
BAGHDAD / obelisk said Abdul Basit Turki Saeed Governor of the Central Bank of Iraq, on Monday, said that the bank expects to withdraw licenses of five commercial banks and Aragbh unable to increase their capital before the expiry of a deadline for the end of January.
Saeed said in a press statement on the sidelines of a financial conference in Dubai followed the "obelisk" The other banks have committed to the decision or took steps but those five banks are not working on it.
And pressing the Iraqi Central Bank on private sector banks to increase their capital to 250 billion dinars (215 million dollars) in the context of efforts to strengthen the banking system and raise its efficiency.
The previous deadline for the June 2013 but decided to extend the deadline to January 31 present.
According to the central bank website on the Internet working in Iraq 23 conventional banks and private banks, nine private Islamic and seven state-owned banks and 16 foreign banks.
Said when asked about the measures to be taken against the banks that do not raise their capital by the end of the deadline that their licenses will be withdrawn.
He declined to give the names of the five banks, pointing out that there is still some time before the expiry of the deadline.
http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.almasalah.com/ar/NewsDetails.aspx%3FNewsID%3D23486&usg=ALkJrhgXT-vBfWkgPuEQFGWCTCiPe7SGNQ
According to the central bank website on the Internet working in Iraq 23 conventional banks and private banks, nine private Islamic and seven state-owned banks and 16 foreign banks.
BAGHDAD / obelisk said Abdul Basit Turki Saeed Governor of the Central Bank of Iraq, on Monday, said that the bank expects to withdraw licenses of five commercial banks and Aragbh unable to increase their capital before the expiry of a deadline for the end of January.
Saeed said in a press statement on the sidelines of a financial conference in Dubai followed the "obelisk" The other banks have committed to the decision or took steps but those five banks are not working on it.
And pressing the Iraqi Central Bank on private sector banks to increase their capital to 250 billion dinars (215 million dollars) in the context of efforts to strengthen the banking system and raise its efficiency.
The previous deadline for the June 2013 but decided to extend the deadline to January 31 present.
According to the central bank website on the Internet working in Iraq 23 conventional banks and private banks, nine private Islamic and seven state-owned banks and 16 foreign banks.
Said when asked about the measures to be taken against the banks that do not raise their capital by the end of the deadline that their licenses will be withdrawn.
He declined to give the names of the five banks, pointing out that there is still some time before the expiry of the deadline.
http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.almasalah.com/ar/NewsDetails.aspx%3FNewsID%3D23486&usg=ALkJrhgXT-vBfWkgPuEQFGWCTCiPe7SGNQ
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