Central Bank raises custody by the Central Bank (via Iraq) after the lifting of capital to 150 billion dinars

06/11/2014 10:55



Long-Presse / Baghdad

Iraqi Central Bank announced on Wednesday, lifting the guardianship by the Bank (via Iraq's) after a period of more than two years, and while stressing that lifting the trusteeship came after the implementation of the completion of bank procedures, all of which raise capital to 150 billion dinars, pointed out that he committed the bank to raise capital to 250 billion dinars for up to year-end 2014.

The Director General of the Directorate of banking and credit of the Central Bank Abdul Abbas Khalaf said in an interview to the (long-Presse), it is "based on the decision of the Governing Council of the central bank decisions numbered 1510 and the complex on 2 March 2014 in view of the completion of all procedures Bank across Iraq, your terms of increased capital to 150 billion dinars in accordance with Article (56 / IV) of the Companies Act in force decided to raise the commandments for this bank. "

Khalaf said "the central bank committed the bank to raise its capital to 250 billion dinars at the end of the maximum period of up to 31/12/2014", noting that "the lifting of capital is one of the items signed by the bank and for which was raised by the commandments."

It is noteworthy that the central bank a few days ago and may impose guardianship on the economy and the investment bank in a move that said, it's to keep the funds the bank customers and the Iraqi economy.


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