NMP2017 Posted October 23, 2020 Report Share Posted October 23, 2020 So if I am reading this right 2 years ago the CBI told Warka to start giving us our money back but Warka has been using it to make money instead. If true the CBI needs to make Warka start doing #1 immediately! I mean if Warka can issue letters of guarantee they can give us our money back,,, Here is the post: https://www.facebook.com/groups/7830...ref=nf&__xts__[0]=68.ARD2ul8Mgy7txJZk19fy6YcV33yg7dkyzc177zZoFY4HTh zYuawSFXsmdZ0rm0Oulbr5cLRASwqeMnMp6Zw2ZXRM1Td25fia i5ZA6l5Iayv6SqBwRz2jsCFMI4QrBDQz7mswmn0ti6zu7LO9ZA 8b0LcSWLpXNH4wXeJinGD6nU9MS6CYGLPSMhSuKdSSBHz8Z7nQ nHvqlb5smNW8XFf3vSTPR1nw7GWpjavrR1E7U3BDjVbAim8LyB HKdq-FzV8Ym07HmgSfsTs7C7v55IKfa0gH4JjdpZGJ4uYM4geB_lG-7gaDXIOlje4Za-e-9U8TnxE1R_lp37jSUa32r_Zp&__xts__[1]=68.ARAhL1-FMzP_TTlaahV5Fw3djbmSvsRdZQEVocQaaYcilX8c5CzknovYS U8aSDcng57U7UOJyETak6fIWb3zG1ITh7acpDKwfF0cD-55lsF72KrTfCzyQz0QRba2t7d5UBnx9hkzn_LCtQ_8q6e1L6d1 bOvq1LsiG4gvkPdr8h7gS23r2mV_xNZ61GvPhiOxaCJyvAFsB6 HgKbwZ8r3Onf9Ud5o6Cy840Ej4qibzEwfgGiFyZ4BnSzaIYO-I8Ky5T2YWaHF6SMQJvGdO_IcrCKLc-LIFZuOdNLA17N01eCBwQkv6fyu0PZLooZRtoA8iGM48NfEVLrl ncvkv6vT7&__tn__=C-R Alwarq Bank The contributors to the Bank visited the headquarters of the General Administration of the Bank and contacted the Central Bank for the latest developments. We have received the following information: Almost two years ago, the central bank requested the bank to pay the depositors and then allowed the bank to participate in the window of selling the currency and practicing its business normally. After a period of time, the bank's administration applied to the central bank to increase its capital. Money and pay the depositors shares for their deposits But the depositors rejected this proposal and things remained unresolved Upon enquiry from the Central Bank about the possibility of operating a bridge bank, the answer was (joking) that the Warek Bank is required by a two-story bridge bank. 3-Now, the bank's administration has three options: First option: To pay the depositaries their money and go back to work normally The second option: Merging with another bank The third option: Clearance of the bank The second and third option will result in the loss of shareholder s' rights So all contributors should unite their efforts to put pressure on the board of directors of the bank and the central bank to protect their rights Greetings to all Dr. Alaa Al Musavi Head of the Iraqi Stock Exchange Investors Association Quote Link to comment Share on other sites More sharing options...
SONIA1 Posted October 26, 2020 Report Share Posted October 26, 2020 The best way to do it is to contact us embassy in Baghdad and let them help us.. https://iq.usembassy.gov/embassy-consulates/baghdad/ Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted November 5, 2020 Author Report Share Posted November 5, 2020 Found this new post in FB Iraqi Warka group - https://www.facebook.com/groups/783060431793021/ I'd like to know what decision was made on 7/17/2020. Here is the post: "From the news of Warka Bank (copied from a publication and not the ideas of the current publisher): I made a lot of contacts with the relevant authorities, and I looked at the decision of the Board of Directors of the Central Bank on 7/17/2020. I also reviewed the plan for the rehabilitation of the Warka Bank, which indicates the Central Bank’s keenness, specifically the Banking Control Department, to make efforts to save the bank. Therefore they called everyone The bank’s board of directors, major shareholders and depositors, to seize the opportunity and cooperate to make the central bank’s efforts to save the bank a success. This may be the last opportunity. After studying all the matters, I propose to you the following plan to save the bank: 1- The bank’s board of directors calls for a meeting of the general assembly to elect a new board of directors and make a decision to increase the capital from 105 to 250 billion dinars 2- That the major shareholders contribute with the new board of directors to the success of the capital increase process, taking advantage of the facilities approved by the Central Bank to complete the capital increase 3 - That the board of directors do everything necessary to return the company to trading on the Iraq Stock Exchange 4- Stopping the implementation of all judicial decisions against the bank for a period of one year 5- That the bank proceed, after a month of its start of work, to pay the money of deposited persons at a rate of 5% of their money every month, provided that the full amount is paid within a maximum period of two years THIS IS THE BIG ONE TO ME! 6- After paying the deposited persons' money, a plan is set to pay the state departments and the creditor companies 7 - The central bank undertakes a plan to rehabilitate the bank and that everything is done in cooperation between the bank’s board of directors and the central bank and under its supervision I hope everyone will cooperate to save this bank, which was a pioneer in everything Greetings to all Dr. Alaa Al-Mousawi President of the Investors Association of the Iraq Stock Exchange" 2 3 Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted April 21, 2021 Author Report Share Posted April 21, 2021 Found something new about warka in fb...posted yesterday 20 Apr. Make of it what you will, not like we haven't heard this or similar before. https://www.facebook.com/groups/783060431793021/ Posted by Jawad Al-Hilfi Results of the interview today... Things are positive, God willing Al-Warka Bank has applied to the central bank to facilitate a currency and return to auction and to raise legal cases between them. This is required with the approval of all districts in the central bank 000 The Directorate of Banking and Credit, represented by its manager, has submitted a request to approve the bank's work to all the departments Waiting for approval of this 1 4 Quote Link to comment Share on other sites More sharing options...
screwball Posted April 22, 2021 Report Share Posted April 22, 2021 When did the last post before this? It’s ironic it’s all about timing! 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted April 22, 2021 Report Share Posted April 22, 2021 13 hours ago, NMP2017 said: Found something new about warka in fb...posted yesterday 20 Apr. Make of it what you will, not like we haven't heard this or similar before. https://www.facebook.com/groups/783060431793021/ Posted by Jawad Al-Hilfi Results of the interview today... Things are positive, God willing Al-Warka Bank has applied to the central bank to facilitate a currency and return to auction and to raise legal cases between them. This is required with the approval of all districts in the central bank 000 The Directorate of Banking and Credit, represented by its manager, has submitted a request to approve the bank's work to all the departments Waiting for approval of this One of the largest private banks with the largest atm network 2 Quote Link to comment Share on other sites More sharing options...
Warka Return Our Money Posted April 26, 2021 Report Share Posted April 26, 2021 On 10/25/2020 at 11:38 PM, SONIA1 said: The best way to do it is to contact us embassy in Baghdad and let them help us.. https://iq.usembassy.gov/embassy-consulates/baghdad/ you would be a fool if you think that these Embsy folks would do anything to help us. They are programmed, trained and told not to talk about this kind of stuff that has been occurring for many many years. You think that they would have already done something in almost 20 years that Warka has been taking and holding peoples funds yet they are silent just like the rest of the corrupted usa and all of its political so called leaders. Its the biggest fraud scheme in history. The cabal is protecting banks like CITI who was used to set up most accounts with warka bank yet you never hear a peep from the OCC office of comptroller of currency in the USA. Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted November 26, 2021 Author Report Share Posted November 26, 2021 Posted today by a couple Iraqis, on an Iraqi Warka FB page. Mansour is an Administrative district of Baghdad according to Wikipedia. No idea if true or not so take it with a grain of salt: "the management of Al-Worka Bank has moved to its new place in Mansour near Kebab Mohammed Restaurant" And by another Iraqi poster in the same thread: "They moved and are waiting for a loan from Al-Rafidine Bank. Everything is fine, God willing." Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted December 28, 2021 Author Report Share Posted December 28, 2021 I got this email from the CBI this morning, 28 Dec 2021. Nothing new, the same bs the said YEARS ago. They are like ostriches with their heads stuck in the sand hoping if they ignore everyone we will go away... "Dear Mr. XXX, Referring to all your recent emails, we would like to inform you that Warka Bank will schedule the payment of its depositors' dues after holding the general assembly meeting, i addition to practicing all banking activities and business, achieving appropriate revenues, and activating the bank's rehabilitation plan. Meanwhile you can contact the above bank via the email below: ccu@warka-bank-iq.com" 5 Quote Link to comment Share on other sites More sharing options...
64jaguar Posted December 30, 2021 Report Share Posted December 30, 2021 On 12/28/2021 at 5:02 AM, NMP2017 said: I got this email from the CBI this morning, 28 Dec 2021. Nothing new, the same bs the said YEARS ago. They are like ostriches with their heads stuck in the sand hoping if they ignore everyone we will go away... "Dear Mr. XXX, Referring to all your recent emails, we would like to inform you that Warka Bank will schedule the payment of its depositors' dues after holding the general assembly meeting, i addition to practicing all banking activities and business, achieving appropriate revenues, and activating the bank's rehabilitation plan. Meanwhile you can contact the above bank via the email below: ccu@warka-bank-iq.com" At least they still exist... That's good news!... LOL 1 Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted December 30, 2021 Author Report Share Posted December 30, 2021 9 hours ago, 64jaguar said: At least they still exist... That's good news!... LOL True and NOW they got 3 months to sh*t or get off the pot! Praying the CBI don't give out any time extensions or allow delays. I think doing so would hurt their Reform Plan (the cbi plan not the infamous warka "get well plan") 1 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted December 31, 2021 Report Share Posted December 31, 2021 well thats great news now proof will be in the pudding 1 Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted March 5, 2022 Author Report Share Posted March 5, 2022 Recent post of the fb page - "My dear contributors and shareholders, I have a good and uncertain news. The return of Al-Wurka Bank to normalcy and the meeting in Amman during the week. I hope those in the relationship enlighten us. May Allah protect you." I'm hopin and prayin it be true! END O'MARCH my friends! 🙏🙏🙏 1 2 Quote Link to comment Share on other sites More sharing options...
redbaron Posted April 13, 2022 Report Share Posted April 13, 2022 On 3/4/2022 at 7:56 PM, NMP2017 said: Recent post of the fb page - "My dear contributors and shareholders, I have a good and uncertain news. The return of Al-Wurka Bank to normalcy and the meeting in Amman during the week. I hope those in the relationship enlighten us. May Allah protect you." I'm hopin and prayin it be true! END O'MARCH my friends! 🙏🙏🙏 Well, Any new news out of FB about our Lovely Bank. Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted April 13, 2022 Author Report Share Posted April 13, 2022 2 hours ago, redbaron said: Well, Any new news out of FB about our Lovely Bank. nada, not a peep, crickets,,, 😢 Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted March 7, 2023 Author Report Share Posted March 7, 2023 Posted this morning on the Iraqi Warka FB page: "I received an up to date account statement and Omar said that they couldn't give me a new password as the system was being updated. He also said Warka would be opening for business soon. Nothing else." Sadly he uses that infamous word "soon" lol 1 2 Quote Link to comment Share on other sites More sharing options...
md11fr8dawg Posted March 7, 2023 Report Share Posted March 7, 2023 But at least you got a response. That's a start. 1 1 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted March 7, 2023 Report Share Posted March 7, 2023 2 hours ago, NMP2017 said: Posted this morning on the Iraqi Warka FB page: "I received an up to date account statement and Omar said that they couldn't give me a new password as the system was being updated. He also said Warka would be opening for business soon. Nothing else." Sadly he uses that infamous word "soon" lol Quote Link to comment Share on other sites More sharing options...
haymon Posted March 7, 2023 Report Share Posted March 7, 2023 I did not see it. Do you have an email we can send to that u used? Thanks 1 Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted July 9, 2023 Author Report Share Posted July 9, 2023 A damn long read! I haven't gone through it all yet. I pulled it from an Iraqi FB page. Publish date for article in Kitibat is tomorrow, 10 July 2023 https://kitabat-com.translate.goog/%...o=wapp#content 1 Quote Link to comment Share on other sites More sharing options...
Steelwire Posted July 9, 2023 Report Share Posted July 9, 2023 (edited) Thanks for sharing this article NMP2017. Good to see there is still some discussions on this matter being published. The more the merrier. Maybe more will come after the budget is active. Edited July 9, 2023 by Steelwire 2 Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted November 15, 2023 Author Report Share Posted November 15, 2023 (edited) This was posted today and the document is dated 2/11/2023 according to an Iraqi. Looks like Warka has increased their capital to a little more than $209 million USD (at 1300-1). Here's hoping it's the beginning of re-opening! I included the doc in arabic as well as the translation posted on fb and a google translation I did Here's hoping and praying for the best! Edited November 15, 2023 by NMP2017 1 2 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted November 15, 2023 Report Share Posted November 15, 2023 AWESOME!! 1 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted November 15, 2023 Report Share Posted November 15, 2023 Excellent thank you for the info! 1 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted November 15, 2023 Report Share Posted November 15, 2023 Buddy do you have link and where u found this? Thank you Quote Link to comment Share on other sites More sharing options...
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