Iraqi Depository Center: Foreigners own 1.3 trillion dinars of the capital of 33 private Iraqi banks

[yota691]

Iraqi Depository Center: Foreigners own 1.3 trillion dinars of the capital of 33 private Iraqi banks 

 

Iraqi bank employee «Internet»

 

 

Economy News Baghdad: 

The Iraqi Depository Center announced that the capital of 33 private banks amounts to 8 trillion dinars, indicating that the share of foreigners amounts to 1.3 trillion dinars of the capital of these banks. 

The Iraqi Depository Center, in a report published by the Iraqi market for securities, viewed by "Economy News," that "33 banks listed in the Iraqi market for securities amounted to 8 trillion dinars," adding that "the deposited capital of 6.8 trillion dinars."

He added that "the Iraqis own the capital of these banks 5.7 trillion dinars while the share of foreigners 1.3 trillion dinars," noting that "the credit bank of Iraq has foreigners in it 227.6 billion dinars out of 250 billion dinars, followed by the Commercial Bank of Iraq, which has foreigners In which 214 billion dinars. " 

He pointed out that "the number of shareholders deposited in these banks amounted to 28325 people, including 24325 Iraqis and 4034 foreigners."

 

 

Views 275   Date Added 10/09/2017

[yota691]

39.9 trillion dinars deposits of Rafidain Bank

 

Rafidain Bank        Economy News Baghdad:  The Union of Arab Banks announced that the deposits of Rafidain Bank amounted to 39.9 trillion dinars, indicating that the profits of Rafidain Bank during the last year amounted to 192 billion dinars. The Union of Arab Banks in a report published on the Rafidain Bank and viewed by "Economy News", "The deposits of Rafidain Bank amounted to 30.9 trillion dinars and cash assets 12.3 trillion dinars and investments 4.8 trillion dinars," noting that "the capital paid to the bank 126 billion dinars and reserves 107 billion dinars. " He added that "the revenues of the bank during the last year amounted to 715 billion dinars and spending 522 billion dinars," noting that "the net profit amounted to 192 billion dinars."     Views 148   Date Added 09/12/2017

[Officiallytook]

Hmm interesting...

[jcfrag]

6 hours ago, yota691 said:

He added that "the Iraqis own the capital of these banks 5.7 trillion dinars while the share of foreigners 1.3 trillion dinars," noting that "the credit bank of Iraq has foreigners in it 227.6 billion dinars out of 250 billion dinars, followed by the Commercial Bank of Iraq, which has foreigners In which 214 billion dinars."

Do you think he might be refering to WARKA???   

[skeetdog]

Thanks Yota...I guess it goes back to...How many set of books does Iraq still have...

[presence]

It's hard to speculate, but I like the timing of this financial disclosure very much. At a minimum it shows that Iraq has a good handle on their financial records and current accounting- hopefully there are other 'subtle' reasons for the timing of this article. Go RV!!!