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Book of the Central Bank of Iraq on the Warka Bank for Investment and Finance


yota691
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إلى / الوزارات والجهات غير مرتبطة بوزارة كافة المحافظات ومجالس المحافظات كافة م / مصرف الوركاء للاستثمار والتمويل

استناداً الى قرار مجلس إدارة هذا البنك رقم (717١) لسنة 273815 نود اعلامكم باستئناف مصرف الوركاء للاستثمار والتمويل ممارسة نشاطه وتقديم الخدمات المصرفية المتمثلة بإصدار خطابات الضمان والاعتمادات المستندية لغرض العمل مع المصرف من خلال هذه النشاطات وقبول خطابات الضمان الصادرة من قبله.


Translation of PDF:

To / ministries and entities not linked to the Ministry of all governorates and all provincial councils m / Warka Bank for Investment and Finance

 

According to the decision of the Board of Directors of this bank No. (7171) for the year 2019, we would like to inform you that Warka Bank for Investment and Finance has resumed its activities and provided banking services such as issuing letters of guarantee and letters of credit for the purpose of working with the bank through these activities and accepting letters of guarantee issued by it.

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Also on Rabee's Securities site.

http://www.rs.iq/research_reports/preview/2019_11_20191103_RS_Daily.pdf

 

Based on the CBI’s decision no. (127) for the year 2019 that Al-Warkaa Investment Bank (BWAI) has resumed its activities and provides banking services such as issuing letters of guarantee and documentary credits for the purpose of working with the Bank through these activities and accepting the letters of guarantee issued by it

Edited by jb4388
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Article from a few years ago DV Link to CBI Announcement dated 01/28/2016

 
Sunday January 31, 2016 15:06
 
NB-158408-635898389244829683.jpg
 
 

Alsumaria News / Baghdad 
The central bank announced on Sunday, for allowing the Warka Bank to exercise banking activities after rehabilitation, including the entry of sale and purchase of foreign currency window. 

The bank said in a statement Alsumaria News received a copy of it was "based on the decision of guardianship for the Warka Bank lifted in accordance with the decision of the Financial Services Court No. 5 / Financial Services / 2013 in September 2013 9, and achieve the goal of monetary stability and soundness of the banking system and out of the role of the Central Bank of Iraq in maintaining the confidence of the Iraqi banking system and for the purpose of enabling the bank to fulfill its role actor with commercial banks operating in Iraq announce his suppor t for the rehabilitation of the Warka Bank for Investment and Finance. "
 
He added that the bank "Warka Bank will be allowed to exercise all banking activities, including entering the sale and purchase of foreign currency window, similar to other banks operating in Iraq to improve its resources and service the Iraqi economy." 

The central bank announced on the fifth of March 2013 on the status of the Warka Bank under guardianship following the failure of talks with Standard Chartered Bank, which began in April 2011 to buy a stake in it after suffering a financial crisis that summoned.

  

 
 
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Real time link from Alsumaria translated different looking at it today from the past dated 01/03/2016...

The Central Bank announces that Warka Bank will be allowed to carry out its banking activities after its rehabilitation

2016-01-31 | 08:06
The Central Bank announces that Warka Bank will be allowed to carry out its banking activities after its rehabilitation
 
 
 
 
Source:
 
8,867 views
 
 

The Central Bank announced on Sunday that Warka Bank will be allowed to carry out its banking activities after qualifying, including entering the window of buying and selling foreign currency.

Alsumaria News / Baghdad 's
central bank announced, Sunday, allowing for Warka Bank to exercise banking activities after entering rehabilitation, including buying and selling foreign currency window.

The bank said in a statement Alsumaria News received a copy of it that "based on the decision to lift guardianship of Warka Bank in accordance with the decision of the Financial Services Court No. 5 / Financial Services / 2013 on September 9, 2013, and to achieve the objective of monetary stability and the integrity of the banking system and from the role of the Central Bank of Iraq In maintaining confidence in the Iraqi banking system and for the purpose of enabling the bank to play its active role with commercial banks operating in Iraq announces its support for the rehabilitation of Warka Bank for Investment and Finance.
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23 hours ago, DWS112 said:

إلى / الوزارات والجهات غير مرتبطة بوزارة كافة المحافظات ومجالس المحافظات كافة م / مصرف الوركاء للاستثمار والتمويل

استناداً الى قرار مجلس إدارة هذا البنك رقم (717١) لسنة 273815 نود اعلامكم باستئناف مصرف الوركاء للاستثمار والتمويل ممارسة نشاطه وتقديم الخدمات المصرفية المتمثلة بإصدار خطابات الضمان والاعتمادات المستندية لغرض العمل مع المصرف من خلال هذه النشاطات وقبول خطابات الضمان الصادرة من قبله.


Translation of PDF:

To / ministries and entities not linked to the Ministry of all governorates and all provincial councils m / Warka Bank for Investment and Finance

 

According to the decision of the Board of Directors of this bank No. (7171) for the year 2019, we would like to inform you that Warka Bank for Investment and Finance has resumed its activities and provided banking services such as issuing letters of guarantee and letters of credit for the purpose of working with the bank through these activities and accepting letters of guarantee issued by it.

 

 

So I email my broker (the pdf) and asked about transferring some of my Warka funds to them in order to purchase some more stocks.

 

Here was his reply for what itś worth.

 

Yes the translation is quite good for the letter you send me. And Al Warka bank is no more under custody. And they are almost do their operations 100%. But about their finical situation you may contact them if they can transfer the fund you have to us or not? It is up to you and them. So contact them and wait for their response if that possible and have the liquidity to get back your funds in the bank.

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