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ronscarpa

WARKA BANK IS BACK - 11/04/20019

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11-4-2019   Intel Guru Delta    Article:  "To / ministries and entities not linked to the Ministry of all governorates and all provincial councils m / Warka Bank for Investment and Finance"    FOR WARKA ACCOUNT HOLDERS VERY GOOD NEWS THIS LETTER WAS FROM CBI AND SIGN BY ALAQ STATING THAT WARKA BANK IS BACK,  ALSO A COPY WAS SENT TO THE ISX...!!!    ... 

I'LL TRY TO FIND THE FULL ARTICLE AND POST IT IN THIS THREAD ... RON :twothumbs:

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Here it is folks:

 

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.

 

https://static.mubasher.info/File.Mix_Announcement_File/3042C234-A951-4AE0-9F68-BE9BD7FB5127.pdf

 

Note: Warka Bank has 120 branches in Iraq.

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Went to the Warka website & their connection to online banking is not of yet a private or secure connection.  

 

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dont get to excited...they still are very very slow to respond to emails and wont allow transfers outside the country or within the country unless you are there in person. and NO they are not on the ISX!

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18 hours ago, DoD said:

Ron, is this saying Warka is back trading on the ISX? 

 

Yes, they are back on the ISX, and that is a great sign for those of us who hold IQD in Warka. I'm actually thinking of purchasing Warka stock with some of the IQD i hold in Warka. When there is an increase in value (however small) I feel it will be a good investment as investments will flow into Iraq and Warka will grow as a non-government influenced bank like the big 3. JMHO....RON

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Man that’s exactly what I wanted to hear, I have several million shares an was always hoping it would survive....thanks 

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4 hours ago, ronscarpa said:

 

Yes, they are back on the ISX, and that is a great sign for those of us who hold IQD in Warka. I'm actually thinking of purchasing Warka stock with some of the IQD i hold in Warka. When there is an increase in value (however small) I feel it will be a good investment as investments will flow into Iraq and Warka will grow as a non-government influenced bank like the big 3. JMHO....RON

 

Still can't get these lame brains to renew my online password. Never had a problem before after several tries, but they are SOOOOOOO unreliable.  :rake:

Edited by 64jaguar

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8 hours ago, ronscarpa said:

 

Yes, they are back on the ISX, and that is a great sign for those of us who hold IQD in Warka. I'm actually thinking of purchasing Warka stock with some of the IQD i hold in Warka. When there is an increase in value (however small) I feel it will be a good investment as investments will flow into Iraq and Warka will grow as a non-government influenced bank like the big 3. JMHO....RON

 

Back in March of 2018 on the Warka website they were offering account holders stock.....BWAI.....for 1 IQD per share......I've always believed Warka being made whole would be followed by a revaluation.....I had been led to believe Warka would come back on line in late to mid August....

But.....we'll see?.......good thread......     CL

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9 hours ago, ronscarpa said:

 

Yes, they are back on the ISX, and that is a great sign for those of us who hold IQD in Warka. I'm actually thinking of purchasing Warka stock with some of the IQD i hold in Warka. When there is an increase in value (however small) I feel it will be a good investment as investments will flow into Iraq and Warka will grow as a non-government influenced bank like the big 3. JMHO....RON

noit more warka can stick it up their ass.....why buy warka shares at 1.00 when you can buy 9 times the shares in another bank?

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6 hours ago, DoD said:

Man that’s exactly what I wanted to hear, I have several million shares an was always hoping it would survive....thanks 

hope they are in your name because people who didnt transfer them over to their own name under their own isx trading account lost their shares.

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On 11/4/2019 at 8:39 AM, ronscarpa said:

Warka Bank for Investment and Finance (on ISX)

The par value is    1.00IQD

Trading Currency Iraqi Dinar

Company Statistics

Current Total Shares    105,072,250

Sharecapital:  105,072,250.00

https://www.mubasher.info/markets/ISX/stocks/BWAI

A Little over 100mil total shares is small, even in western terms. In Iraq terms, this speaks volumes!

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On 11/15/2019 at 6:24 AM, ComPLX said:

A Little over 100mil total shares is small, even in western terms. In Iraq terms, this speaks volumes!

this makes me laugh I own as much as they value themselves at!

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