ronscarpa Posted November 4, 2019 Report Share Posted November 4, 2019 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 2 2 1 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted November 4, 2019 Author Report Share Posted November 4, 2019 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. 2 1 2 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted November 4, 2019 Author Report Share Posted November 4, 2019 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 1 1 Quote Link to comment Share on other sites More sharing options...
RMLP Posted November 4, 2019 Report Share Posted November 4, 2019 Went to the Warka website & their connection to online banking is not of yet a private or secure connection. Quote Link to comment Share on other sites More sharing options...
DoD Posted November 4, 2019 Report Share Posted November 4, 2019 Ron, is this saying Warka is back trading on the ISX? 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted November 5, 2019 Report Share Posted November 5, 2019 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! Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted November 5, 2019 Report Share Posted November 5, 2019 (edited) Would be very nice if true! Nothing posted on the Warka website yet,,, Info is on Rabee as well! - http://www.rs.iq/iraq_news/view/15860 Edited November 5, 2019 by NMP2017 1 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted November 5, 2019 Author Report Share Posted November 5, 2019 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 1 1 Quote Link to comment Share on other sites More sharing options...
DoD Posted November 5, 2019 Report Share Posted November 5, 2019 Man that’s exactly what I wanted to hear, I have several million shares an was always hoping it would survive....thanks 1 Quote Link to comment Share on other sites More sharing options...
64jaguar Posted November 5, 2019 Report Share Posted November 5, 2019 (edited) 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. Edited November 5, 2019 by 64jaguar 1 Quote Link to comment Share on other sites More sharing options...
coorslite21 Posted November 6, 2019 Report Share Posted November 6, 2019 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 1 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted November 6, 2019 Report Share Posted November 6, 2019 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? 1 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted November 6, 2019 Report Share Posted November 6, 2019 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. 1 Quote Link to comment Share on other sites More sharing options...
ComPLX Posted November 14, 2019 Report Share Posted November 14, 2019 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! Quote Link to comment Share on other sites More sharing options...
screwball Posted November 16, 2019 Report Share Posted November 16, 2019 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! Quote Link to comment Share on other sites More sharing options...
screwball Posted November 16, 2019 Report Share Posted November 16, 2019 i could own warka bank....LOL..... Quote Link to comment Share on other sites More sharing options...
bigwave Posted December 11, 2019 Report Share Posted December 11, 2019 Good to know. Quote Link to comment Share on other sites More sharing options...
jcfrag Posted December 21, 2019 Report Share Posted December 21, 2019 On 11/5/2019 at 2:42 PM, 64jaguar said: 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. Same here 64. I have been trying to renew my subscription, also with no luck.... 1 1 Quote Link to comment Share on other sites More sharing options...
birelkart Posted December 22, 2019 Report Share Posted December 22, 2019 16 hours ago, jcfrag said: Same here 64. I have been trying to renew my subscription, also with no luck.... And now that the year is coming to an end, we can't download our interest statements for the last six months which means we can't accurately report our interest income on our taxes. 1 Quote Link to comment Share on other sites More sharing options...
FirstTop Posted January 13, 2020 Report Share Posted January 13, 2020 Anybody have the website to Warka. The one I have says server cannot be connected. Or are they not open for business? Quote Link to comment Share on other sites More sharing options...
birelkart Posted January 13, 2020 Report Share Posted January 13, 2020 4 minutes ago, FirstTop said: Anybody have the website to Warka. The one I have says server cannot be connected. Or are they not open for business? Most browsers including mine will not connect. I can only access the login page thru my cell phone. It doesn't matter tho because they refuse to send my new temporary password that I have requested daily for 3 months. I can't get my interest statement so I am writing this off as a failed investment loss. Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 18, 2020 Author Report Share Posted January 18, 2020 On 1/13/2020 at 7:16 AM, birelkart said: Most browsers including mine will not connect. I can only access the login page thru my cell phone. It doesn't matter tho because they refuse to send my new temporary password that I have requested daily for 3 months. I can't get my interest statement so I am writing this off as a failed investment loss. Good Morning birelkart, don't give up...for a number of reasons...I use Chrome on my pc and have always been able to connect. They operate a bit differently over there, and often times our online requests go to spam in their system. I have a business acquaintance who deals with Iraq on a regular basis, and have discussed this with him. He assures me that once Iraq goes International, things will radically change at Warka and all the other banks. I have almost 4 Million IQD in Warka, and it continues to grow at a 6% rate whenever I do check it, and they choose to respond. The last time I checked was in July 2019, do I'm due to check it again. I chose to not have an online banking account, because i felt it was a waste of money. When an RI/RV occurs, I'll then get an online account and a VISA/MC and just us it here...JMHO..! RON 2 1 Quote Link to comment Share on other sites More sharing options...
birelkart Posted January 18, 2020 Report Share Posted January 18, 2020 35 minutes ago, ronscarpa said: Good Morning birelkart, don't give up...for a number of reasons...I use Chrome on my pc and have always been able to connect. They operate a bit differently over there, and often times our online requests go to spam in their system. I have a business acquaintance who deals with Iraq on a regular basis, and have discussed this with him. He assures me that once Iraq goes International, things will radically change at Warka and all the other banks. I have almost 4 Million IQD in Warka, and it continues to grow at a 6% rate whenever I do check it, and they choose to respond. The last time I checked was in July 2019, do I'm due to check it again. I chose to not have an online banking account, because i felt it was a waste of money. When an RI/RV occurs, I'll then get an online account and a VISA/MC and just us it here...JMHO..! RON Ron, Thank you for the words of encouragement. I have tried Chrome, I.E. and Firefox with no success. Only with my cell phone can I get to the login page. There has never been a problem with reaching the bank web page, just the online account login page. For months I have emailed all of the principal people at Warka for my temporary password and have gone so far as to CC the Banking Supervisor at the CBI with no results. I hope you're right about the future. In the meantime, many of us will not be able to pay our tax on the interest. Thanks again Ron! 1 Quote Link to comment Share on other sites More sharing options...
JoeB Posted January 18, 2020 Report Share Posted January 18, 2020 5 hours ago, ronscarpa said: Good Morning birelkart, don't give up...for a number of reasons...I use Chrome on my pc and have always been able to connect. They operate a bit differently over there, and often times our online requests go to spam in their system. I have a business acquaintance who deals with Iraq on a regular basis, and have discussed this with him. He assures me that once Iraq goes International, things will radically change at Warka and all the other banks. I have almost 4 Million IQD in Warka, and it continues to grow at a 6% rate whenever I do check it, and they choose to respond. The last time I checked was in July 2019, do I'm due to check it again. I chose to not have an online banking account, because i felt it was a waste of money. When an RI/RV occurs, I'll then get an online account and a VISA/MC and just us it here...JMHO..! RON What kind of account do you have that gives you 6% interest? Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 18, 2020 Author Report Share Posted January 18, 2020 5 hours ago, birelkart said: Ron, Thank you for the words of encouragement. I have tried Chrome, I.E. and Firefox with no success. Only with my cell phone can I get to the login page. There has never been a problem with reaching the bank web page, just the online account login page. For months I have emailed all of the principal people at Warka for my temporary password and have gone so far as to CC the Banking Supervisor at the CBI with no results. I hope you're right about the future. In the meantime, many of us will not be able to pay our tax on the interest. Thanks again Ron! Glad I could be an encouragement. I wouldn't worry about the interest at this point, because you don't really have access to the account, or funds in it. Plus it has not been reported to you, and your posts here are evidence of that. Post any value increase you can make an adjustment, but the tax on the interest is minimal at this point, depending on your tax bracket and the amount of IQD you have in your account. Or, you can calculate an estimated interest by looking at past statements, and make an educated guess - you won't be off by much. That's showing good faith. I'm glad I have most of my IQD in a ROTH IRA, and only have a few million in Warka. Quote Link to comment Share on other sites More sharing options...
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