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Central Bank raises guardianship for Warka Bank !


DinarThug
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CNN. Broadcasting With The Golden Ticket To Visit Willie Warka And The Chocolate Factory !

 

 

 

Central Bank raises guardianship for Warka Bank

Author: ASJ 
Editor: BS 02.06.2014 14:44 

10626.jpg?width=400&height=300&crop=auto


Long-Presse / Baghdad
Decided to CBI, on Thursday, lifting the trusteeship imposed by the Warka Bank since 2012 to find work since 2010.
Follow ............

http://almadapress.com/ar/news/25608/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%B1%D9%81%D8%B9-%D8%A7%D9%84%D9%88%D8%B5%D8%A7%D9%8A%D8%A9-%D8%B9%D9%86-%D9%85%D8%B5%D8%B1%D9%81-

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10626.jpg?width=400&height=300&crop=auto
Money in one of the private banks
Central Bank raises guardianship for Warka Bank


Author: ASJ, BS 
Editor: BS 6/2/2014 forty-four past two p.m. number of readings: 203 
 


 

 

 

Long-Presse / Baghdad

Decided to CBI, on Thursday, lifting the trusteeship imposed by the Warka Bank since 2012 to find work since 2010, and specialize in what was described the decision as "good financially," Daian government to "maintain the financial situation in the country."

A source at the Central Bank in an interview with the (long-Presse), "The bank decided, today, lifting the trusteeship, which was imposed on the Warka Bank since 2012," noting that "the central bank impose a trusteeship after tumble work of the bank in 2010."

For his part, the deputy governor of the Central Bank of the previous appearance of Mohammed Saleh in an interview with the (long-Presse), "The bank's move to lift the guardianship for Warka Bank, after a period of almost two years good financial sense, because it will give a good indication of the guarantees of the banking and financial dealings in Iraq," He expressed surprise at the "delay in raising the tutelage of progress despite a number of international organizations, financial reporting orally about the return of the Warka Bank to work."

Saleh added that "Warka Bank need to organize administrative simple to return to the financial arena also requires that there be active assistance by the government represented by the Ministry of Finance through the development of a deposit long-term in the bank even help him to Financial Action Task Force in spite of the high volume of financial assets relative to debt ".

He said the deputy governor of the Central Bank of the past that "the duty of government is to keep the financial situation of the country, because the Warka Bank does not carry all the money the owners have, but there are large amounts of citizens who are part of the financial system of the country and assist the Ministry of Finance of the Warka Bank due now."

Salih noted that "with the lifting of guardianship for Warka Bank, has not only left a single bank (via Iraq), and can not call it the recommended naming it, because the theme is nearing its decisiveness by the central bank and the borrowers."

For his part, welcomed a member of the Board of Directors in Warka Bank Issam al-Asadi, the decision of the Central Bank, describing him as a "fair decision because it will enhance the role of the bank in the financial system."

He said al-Asadi said in an interview (range Press), "The Warka Bank has the capacity currently on infringement of the crisis, because financial assets within the bank amounting to almost 500 billion dinars, which is greater than the liability that does not exceed the 380 billion dinars," pointing out that "Warka Bank is of large banks and very good and has many branches that qualify him to support the country's economy in general. "

The Iraqi Central Bank announced on (March 5, 2012) guardianship of the Warka Bank one of the largest Iraqi banks, following the failure of talks with Standard Chartered Bank, the British, which began in April 2011 to buy a stake in it after suffering a financial crisis summoned and placed under trusteeship, because of marking some of the problems of financial in his dealings.

The central bank said at the time that the imposition of guardianship on the Warka Bank of Iraq for Investment and Finance came to save him from some of the problems that plague them, as Article 59 of its law permits him put custody of the banks which is about the appointment of an interim administration for any bank get the financial problems, while indicating Article 66 of the law to be appointed guardian after the central bank can be sought through the central bank's decision at the request of the Minister of Finance to save the bank in case it was found that there is a possibility to save him.

Article 67 of the Banking Act that the Central Bank of Iraq and the establishment of an interim license to the bank on the basis of Article 67 and provide it with a capital by the state for all or part of the assets and liabilities of the Bank subject to rehabilitation.

And the 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, state-owned 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 are currently undergoing restructuring in order to pay off the debt that accumulated after years of war and sanctions.

http://almadapress.com/ar/news/25608/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%B1%D9%81%D8%B9-%D8%A7%D9%84%D9%88%D8%B5%D8%A7%D9%8A%D8%A9-%D8%B9%D9%86-%D9%85%D8%B5%D8%B1%D9%81-

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Wark-A Mile In My Clown Shoes ...

 

 

CBI raises money for guardianship recipe Warka Bank Ahli

5601.jpg?width=650&watermark=4
Warka Bank Ahli

Author: mo editor: al Correspondent: 
06/02/2014 20:47
Tomorrow's Press / Baghdad: Iraqi Central Bank announced on Thursday, raising the status of guardianship for money Warka Bank Ahli imposed on him two years ago because of obstructed Mali.

The bank said in Bayat received "tomorrow Press", "The senior management of the Central Bank decided to raise the guardianship for Warka Bank and all its branches in Iraq," noting that "the bank studied the group reports from bank and financial institutions on the resumption of the bank to his financial and thus obviate the need for the continuation of the trusteeship on his money. "

He added that "the goal of lifting the trusteeship is to strengthen the financial position of the parties involved in the civil Iraqi banking sector and create the necessary guarantees to attract Almstttmaren this sector."

The Central Bank of Iraq has decided in March of 2012, the imposition of trusteeship because of obstructed Warka Bank in financial performance for more than two years, while the bank has to submit reports to prove his return for the resumption of banking activity in order to raise guardianship.

http://alghadpress.com/ar/news/9198/%D8%A7%D9%84%D8%A8%D9%86%D9%83_%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A_%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A_%D9%8A%D8%B1%D9%81%D8%B9_%D8%B5%D9%81%D8%A9_%D8%A7%D9%84%D9%88%D8%B5%D8%A7%D9%8A%D8%A9_%D8%B9%D9%86_%D8%A7%D9%85%D9%88%D8%A7%D9%84_%D9%85%D8%B5%D8%B1%D9%81_%D8%A7%D9%84%D9%88%D8%B1%D9%83%D8%A7%D8%A1_%D8%A7%D9%84%D8%A7%D9%87%D9%84%D9%8A

 

   B)      B)      B)

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they are righting this ship!  they are tilling the soil of economic growth once this oil law gets implemented, the high risk level of iraq gets downgraded and contractors come running from every corner of the globe to get a deal in iraq.  this shiite lead attack against sunnis is having to take a back seat to the money powers (how many don't believe warka's situation was based in sectarianism?):

 

The report says the saga also shows how political divisions plague business in Iraq. The controversy over Warka has polarised government officials and members of parliament, highlighting a rift between the Shi’ite-led government and a Sunni Muslim community which lost political dominance because of the U.S. invasion in 2003, but which still retains considerable economic power.

 

they've been prepping the banking sector for the influx of investors about to hit this country.  loans will be flying like dandelion seeds in the dead of a michigan summer soon as these contractors use the banks to feed their payrolls.  its about to get fun in a minute.  Oh! and its time for me to heavily consider being prepped to buy some warka stock!

Edited by TrinityeXchange
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Central Bank raises guardianship for Warka Bank


Thu Feb 06 2014 23:53 | (Voice of Iraq) - long-Presse / Baghdad decided to CBI, on Thursday, lifting the trusteeship imposed by the Warka Bank since 2012 to find work since 2010, and specialize in what was described the decision as "good financially" , Daian government to "maintain the financial situation in the country." said a source at the Central Bank in an interview with the (long-Presse), "The bank decided, today, lifting the trusteeship, which was imposed on the Warka Bank since 2012," noting that "the Bank Central impose trusteeship after tumble work of the bank in 2010. " For his part, the deputy governor of the Central Bank of the previous appearance of Mohammed Saleh in an interview (range Press), "The bank's move to lift the guardianship for Warka Bank, after a period of almost two years good financial sense, because it will give a good indication of the bank guarantees and financial dealings in Iraq, "expressing his surprise at the" delay in raising the guardianship despite progress a number of international organizations, financial reporting orally to the return of the Warka Bank to work. " Saleh added that "Warka Bank need to organize administrative simple to return to the arena Finance, also requires that there be active assistance by the government, namely the Ministry of Finance through the development of a deposit long-term in the bank even help him to Financial Action Task Force in spite of the high volume of financial assets relative to debt. " He said the deputy governor of the Central Bank of the past that "the duty of the government is to keep the financial situation of the country, because the Warka Bank does not carry all the money the owners have, but there are large amounts of citizens who are part of the financial system of the country and assist the Ministry of Finance of the Warka Bank due now. " Salih noted that "with the lifting of guardianship for Warka Bank, has not left Only one bank, which (via Iraq), and can not call it a label recommended it, because the theme is nearing its decisiveness by the central bank and the borrowers. " For his part, welcomed a member of the Board of Directors in Warka Bank Issam al-Asadi, the decision of the Central Bank, describing him as a "decision equitable It will enhance the role of the bank in the financial system. " added al-Asadi said in an interview (range Press), "The Warka Bank has the capacity currently on infringement of the crisis, because financial assets within the bank amounting to almost 500 billion dinars, which is greater than liabilities, which does not exceed the 380 billion dinars, "pointing out that" Warka Bank is one of the big banks and the very good and has many branches that qualify him to support the country's economy in general. " It was the Iraqi Central Bank announced on (March 5, 2012) custody of the Warka Bank one of the largest Iraqi banks, after the failure of talks with Standard Chartered Bank, the British, which began in April 2011 to buy a stake in it after suffering a financial crisis summoned and placed under trusteeship, because of marking some of the problems of financial dealings. confirmed the central bank at the time that the imposition of guardianship on the Warka Bank of Iraq for Investment and Finance came to save him from some of the problems afflicting, since Article 59 of its law authorizes him to put guardianship banks which is about the appointment of an interim administration for any bank get the financial problems, while indicating article 66 of the law to be appointed guardian after the central bank can be sought through the Central Bank request a decision from the Minister of Finance to save the bank in case it was found that there is a possibility to save him. Article 67 of the Banking Act that the Iraqi Central Bank to establish and license of the Bank of progress on the basis of Article 67 and provide it with a capital by the state for all or part of the assets and liabilities of the Bank under for rehabilitation. and Warka Bank for Investment and Finance, which was established in 1999.130 branches and 350 ATMs in all parts of Iraq. noteworthy that Iraq has seven banks, state-owned 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 are currently undergoing restructuring in order to pay off the debt that has accumulated after years of war and sanctions.


Read more: http://www.sotaliraq.com/mobile2014.php?id=135648#ixzz2sZyzGJGU
Edited by Butifldrm
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I don't understand wasn't Saled sent to prison or is this someone else---Salied was no 2 man before shabibbi was removed---There must be a big problem over there with so many similar names!

Not laughing just trying to keep it straight!

saleh was jailed but then released.  tikrit (or something like that) took shabibi's place.  shabibi was to be jailed as well but he sought asylum in london (?) i believe and never returned to the country.

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they are righting this ship!  they are tilling the soil of economic growth once this oil law gets implemented, the high risk level of iraq gets downgraded and contractors come running from every corner of the globe to get a deal in iraq.  

I Agree With U Tri-X - This Could Be One Of The Rumbles Before The Storm ! ;)

B)B)B)

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saleh was jailed but then released. tikrit (or something like that) took shabibi's place. shabibi was to be jailed as well but he sought asylum in london (?) i believe and never returned to the country.[/quote

Shabs was CBI, not WARKA.... :)

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That or you just cut a fart again

I Swear That It Was My Whoopee Cushion ! :o

:D:D:D

saleh was jailed but then released. tikrit (or something like that) took shabibi's place. shabibi was to be jailed as well but he sought asylum in london (?) i believe and never returned to the country.[/quote

Shabs was CBI, not WARKA.... :)

Agreed ! ;) However, I Think That Tri-X Was Talking About The CBI When Answering The Question About Saleh + Shabbs !

B)B)B)

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