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 July 07, 2019
The Central Bank of Iraq endorses the rules of merger and the Union of Banks

 



In the belief of the need to develop and improve services in the banking sector, the Board of Directors of the Central Bank of Iraq approved the (controls merger and the Union of Banks) in its resolution No. 90 of 2019.
 
This bank confirms that the controls included the requirements of merger or union between banks wishing to do so, as well as the benefits obtained by the merged banks or United, and the powers of the Central Bank in those operations.
 
Central Bank of Iraq
information Office
7 July 2019
 
» For the merger and the Union of Banks regulations click here 
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Release date: 2019/7/7 14:17 • 65 times read
The Central Bank approves the merger regulations and the Union of Banks
(Baghdad: Al-Furat News) The Central Bank of Iraq approved on Sunday the controls of merger and the Union of Banks.
The bank said in a statement received {Euphrates News}, a copy of it: "Believing the need to develop and improve services in the banking sector, the Board of Directors of the Central Bank of Iraq on the {controls merger and the Union of Banks} in its resolution No. 90 of 2019. 
He added that "the controls included the requirements of merger or union between banks wishing to, as well as the benefits obtained by the merged banks or the United, and the powers of the Central Bank in those operations, and can be accessed through the controls by visiting the website of the Central Bank of Iraq."
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The Central Bank of Iraq endorses the rules of merger and the Union of Banks

Economy | 02:26 - 07/07/2019

 
image
 
 

BAGHDAD - Mawazine News 
The Central Bank approved on Sunday the controls of merger and the Union of Banks. 
"In a belief in the need to develop and improve services in the banking sector, the Board of Directors of the Central Bank of Iraq approved the (merger controls and the Union of Banks) in its resolution No. 90 of 2019," the bank said in a statement received by Mawazine News. 
He added that "the controls included the requirements of merger or union between banks wishing to, as well as the benefits obtained by the merged banks or the United, and the powers of the Central Bank in those operations, and can be accessed through the controls by visiting the website of the Central Bank of Iraq" s

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The Central Bank approves the merger regulations and the Union of Banks

Editorial Date: 2019/7/7 14:17252 times read
The Central Bank approves the merger regulations and the Union of Banks
 
(Baghdad: Al-Furat News) The Central Bank of Iraq approved on Sunday the controls of merger and the Union of Banks.
The bank said in a statement received {Euphrates News}, a copy of it: "Believing the need to develop and improve services in the banking sector, the Board of Directors of the Central Bank of Iraq on the {controls merger and the Union of Banks} in its resolution No. 90 of 2019.
He added that "the controls included the requirements of merger or union between banks wishing to, as well as the benefits obtained by the merged banks or the United, and the powers of the Central Bank in those operations, and can be accessed through the controls by visiting the website of the Central Bank of Iraq."
Edited by 6ly410
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8550.jpg
Central Bank of Iraq
  

 Banks


Economy News Baghdad

The Central Bank of Iraq announced on Sunday its ratification of the controls of the merger of banks.

The Central Bank said in a statement received by "Economy News", "in the belief of the need to develop and improve services in the banking sector, the Board of Directors of the Central Bank of Iraq on (the merger and the Union of Banks) in its resolution No. 90 of 2019.

The statement said that "the controls included the requirements of merger or union between banks wishing to, as well as the benefits obtained by the merged banks or the United, and the powers of the Central Bank in those operations."

He pointed out that "these controls can be accessed by visiting the website of the Central Bank of Iraq."


Views 129   Date Added 07/07/2019

 
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Does this mean that the CBI is connected with the rest of the international and domestic banks.  Please explain anyone who knows thanks in advance.

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This is a move in the right direction.

 

Banks mergers seek to improve income from services, but the increase is offset by higher staff costs; return on equity improves because of a decrease in capital. Acquisitions aim to restructure the loan portfolio of the acquired bank; improved lending policies result in higher profits.

 

Three reasons why banks merger

- Synergy

- Growth 

- Eliminates competition 

 

The Iraqi banking system is getting ready for international banking business.

 

Go CBI

Go International 

Go RV

Go $1:1

Go Jan. 2020

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10 minutes ago, kwg said:

TY Laidback excellent explaination!

You are welcome my friend kwg👍🏼😊

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Central Bank approves the controls of the merger and the Union of Banks

Central Bank approves the controls of the merger and the Union of Banks
Central Bank of Iraq - Basra Branch
 08 Jul 2019 11:38 AM

Direct: The Central Bank of Iraq, on Sunday, the controls of merger and the Union of Banks.

The Central Bank said in a statement that the adoption of these controls comes within the framework of the development and improvement of services in the banking sector.

The bank added that the controls included integration or interbank requirements, as well as the advantages that would be obtained by the merged banks or the United Nations.

The controls included the minimum requirements to be followed in the preparation of the economic and technical feasibility study for the merger or union of banks, as well as the powers of the Central Bank in those operations.

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