CBI sets a time limit for banks to reach their capital 250 billion dinars

14/06/2012 12:58


Baghdad, June 14 (Rn) - Iraq's central bank said Thursday that he set a time limit for all banks in Iraq to increase their capital and reached the roof of 250 billion dinars, indicating that the end of the selection is to improve the banking dealings.

Parae swesre And exceeds the number of banks in Iraq and 50 banks with more than 800 branches spread across the provinces, which still is a little number compared with the population.

The deputy governor of Bank of the appearance of Mohammed, told the Kurdish news agency (Rn) "We asked all banks in Iraq by increasing their capital to strengthen their dealings and give them loans more," noting that "the minimum capital duty and arrival at the next June is 250 billion dinars."

The Deputy Governor explained that "each bank should be present during June with a capital of 250 billion dinars ... banks currently seeking to increase their capital and the central bank is working to improve their work and not by the sword of Damocles."

Iraq has suffered from a decline in per capita share of banking services for up to a bank an average of one per 40 thousand people, is a big difference from what exists in neighboring countries.

The main task of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign currency reserves and the organization of the banking sector.

From: Raman Brosk. Open: Abdullah Sabri


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Iraqi banks must increase capital to 250bn IQD this month, says Central Bank
14/06/2012 14:14

BAGHDAD, June 14 (AKnews) - The Iraqi Central Bank (ICB) has set a time limit for all banks in Iraq to increase their capital and reach a minimum requirement of 250bn IQD ($215m), hoping this will improve banking.

ICB deputy governor Muzher Mohammed Saleh said: "We asked all banks in Iraq to increase their capital this month to strengthen their dealings and give more loans."

The number of banks in Iraq exceeds 50 with more than 800 branches spread across the provinces. This number is still low if compared to the number of the population.

Iraq is suffering from a decline in the citizens' share of banking services of up to one bank for 40,000 people. This is a big difference compared to what exists in neighboring countries.

By Raman Brosk

RN/DM/AKnews


http://www.aknews.com/en/aknews/2/312259/

Central Bank implemented a plan to increase the capital of private banks


15/06/2012 03:48


BAGHDAD / news center for the Iraqi Media Network - Central Bank of Iraq announced that it Sabde raise capital of private banks early next year to reach 250 billion dinars.



The deputy governor of the Central Bank of the appearance of Mohammed Saleh (news center for the Iraqi Media Network) that "the central bank began raising measures capital of private banks for up to 250 billion dinars as part of the system development and activation of the banking sector."



He explained that "this amount may be reduced slightly after receiving requests from the owners of banks reduced stresses the need" to tell us that "the central bank will do this in the next year after the end of the administrative and legal measures to implement it."

The Central Bank of Iraq announced that the system of payments in the amount of private banks and 40 banks technically the best of the payments system in government banks.



The total capital of Iraqi private banks billion and 600 million dollars now, other than that owned by the branches of Arab and foreign banks operating in the country.



The main tasks of the Iraqi Central Bank to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, in addition to regulating the sector banks.


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