CBI News 12/29/2021

[yota691]

The Central Bank of Iraq and the General Secretariat of the Council of Ministers honor Princess Mary

 

  

 December 29, 2021

 

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The Central Bank of Iraq and the General Secretariat of the Council of Ministers honor Princess Mary

 

A delegation from the General Secretariat of the Council of Ministers and the Central Bank of Iraq visited Princess Maryam to check on her health and to provide moral and financial support as part of their community initiative.

The delegation conveyed the greetings of the Secretary-General of the Council of Ministers, Mr. Hamid Al-Ghazi, and the Governor of the Central Bank of Iraq, Mr. Mustafa Ghalib, and their wishes for safety and continued health, stressing that Princess Maryam will remain an icon of steadfast Iraqi women, fighters, and pioneers towards construction and reconstruction.

The Princess and her family expressed their sincere thanks and appreciation for this kind initiative.

 

 

[yota691]

Mix

A FAMOUS KUWAITI ARTIST DONATES 1,500 DOLLARS TO HELP "PRINCESS MARY"!

 

Wed, Dec 29, 2021 2:07 PM

Baghdad/National News Center

Kuwaiti media, Mai Al-Aidan, confirmed that the artist, Ilham Al-Fadala, donated two million and 200 thousand Iraqi dinars (about 1,500 dollars) to perform a surgical operation on the Iraqi girl known as “Princess Maryam.”

And on her Twitter account, May Al-Aidan published pictures of the girl Maryam and a picture of the money transfer, and said: "Ilham Al-Fadala pays the Iraqi girl Maryam Al-Rikabi two million and 200 thousand Iraqi dinars for her treatment and operations... People of Iraq, how much is this amount in dollars, please, or not?" ”

The number of Mai Al-Aidan's followers praised the step taken by Al-Fadala, while some criticized the artist, Ilham Al-Fadala, and considered this amount to be very low.

Ilham Al-Fadala had earlier apologized for her delay in helping the Iraqi young woman, Maryam Al-Rikabi, to help treat her severe deformities.

The Iraqi girl, Maryam, had lived through a painful incident that preoccupied public opinion, as an Iraqi young man proposed to marry her, and she refused, to infiltrate her home in the Mansour district of Baghdad and spray it with an incendiary substance, causing her to be disfigured.

[yota691]

The Central Bank of Iraq joins Christians in their Christmas celebrations

 

  

 December 29, 2021

 

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The Central Bank of Iraq joins Christians in their Christmas celebrations

 

The Governor of the Central Bank of Iraq, His Excellency Mr. Mustafa Ghaleb Mikheib, participated in the celebration of Christmas celebrations with the Iraqi people, as His Excellency and his deputy attended the celebrations held in the Church of Joseph Cathedral and the Church of Our Lady of Salvation in Baghdad. 

After the religious ceremonies were completed, gifts were distributed to the children celebrating this occasion, with the support of the Community Initiatives Fund, which is supervised by the Central Bank and the Association of Private Banks and financed by private banks. 

At the beginning of his speech, the Governor of the Central Bank congratulated Christians on the occasion of Christmas, and said, "The glorious Christmas, with its spiritual, religious and symbolic connotations, reinforces in our souls the values of the one home," adding that "peaceful coexistence is the only option for building Iraq." 

He explained that "the Iraqi mosaic, which includes all its components, is considered an important sign in Iraq, and gives an impression of coexistence and harmony among its nationalities." 

For his part, Patriarch Cardinal Louis Raphael Sako expressed his thanks and appreciation to the Governor of the Central Bank and the Association of Private Banks. 

In his speech, he said, "This great initiative contributes significantly to increasing fraternity among the Iraqi people," noting that "the Central Bank, through its Fund for Initiatives, supports Christians by rehabilitating some churches."

Central Bank of Iraq

information Office

12/24/2021

 

[6ly410]

The Central Bank of Iraq takes a decision to improve the performance of banks that are not committed to its reform plan
 https://cbi.iq/news/view/1908
The Board of Directors of the Central Bank of Iraq hosted, during its session on 12/29/2021, the President of the Association of Iraqi Private Banks and his two deputies. His Excellency the Governor, Mr. Mustafa Ghaleb, presented the conditions of the banking sector in light of the reform plan adopted by the Central Bank in early 2021 to reform the sector and the directions of the Board of Directors to take corrective administrative measures for the purpose of compliance by some banks with the controls and instructions before proceeding with legal procedures against them. The attendees supported this approach to ensure that the banks improve their financial conditions and avoid the effects resulting from their negative performance and its reflection on the reputation of the banking sector, despite granting them sufficient periods to improve their conditions and perform their obligations.
The Board decided to stop all banking operations and activities of these banks, while giving them a deadline of three months to improve their performance and secure the necessary liquidity to fulfill their obligations and increase their capital to the required limits. It was stated in the Board of Directors’ decision that banks that are unable to secure what is required of them must merge with other banks, and in the event that the above is not met, the license will be withdrawn and legal measures will be taken against it.
 
Central Bank of Iraq
information Office
2021/12/29

[Floridian]

"The Board decided to stop all banking operations and activities of these banks, while giving them a deadline of three months to improve their performance and secure the necessary liquidity to fulfill their obligations and increase their capital to the required limits."

 

I like this!  One step closer to RV.

[NMP2017]

Warka better be at the top of this list! They've only been working with the CBI on the 'get well plan" since June 2015!

 

Fingers crossed and prayers said that we hear something by end of March 2022!

 

And the CBI wanted them "merged" with another bank 10 years ago...maybe they'll get the merger now

Edited December 29, 2021 by NMP2017

[horsesoldier]

Foot dragging & sand bagging....the heat is on now. Imbeciles 

[boosterbglee]

3 months……the cycle continues🤬

[horsesoldier]

5 minutes ago, boosterbglee said:

3 months……the cycle continues🤬

...at this juncture I Don’t know whether to laugh or cry. 2022 will be the beginning of 19 years waiting on this investment to pop. Reckon I’m a bit perturbed right now.

[ronscarpa]

The central bank takes action against a number of banks

 

 

 

PM:10:00:29/12/2021 - NRT TV News

 

 

The Central Bank of Iraq announced, on Wednesday, the suspension of all operations and activities of non-compliant banks.

 

A statement by the bank, which NRT Arabic received today (December 29, 2021), stated that “the Board of Directors of the Central Bank of Iraq hosted, during its session on 12/29/2021, the president of the Association of Iraqi Private Banks and his two deputies.”

 

The statement added, "The Governor of the Central Bank, Mustafa Ghaleb, presented the conditions of the banking sector in light of the reform plan adopted by the Central Bank in early 2021 to reform the sector and the directions of the Board of Directors to take corrective administrative measures for the purpose of compliance by some banks with controls and instructions before proceeding with legal procedures against them."

 

He explained, "The meeting supported this approach to ensure that banks improve their financial conditions and avoid the effects resulting from their negative performance and its reflection on the reputation of the banking sector, despite granting them sufficient periods to improve their conditions and perform their obligations."

 

He pointed out that "the Council decided to stop all banking operations and activities of these banks, while giving them a deadline of three months to improve their performance and secure the necessary liquidity to fulfill their obligations and increase their capital to the required limits."

 

He pointed out that "the board of directors' decision stated that banks that are not able to secure what is required of them must merge with other banks, and in the event that the above is not met, the license will be withdrawn and legal measures will be taken against it."

 

Link:   

https://www.nrttv.com/ar/detail3/6996

 

Edited December 30, 2021 by ronscarpa
link added

[yota691]

The Central Bank of Iraq takes a decision to improve the performance of banks that are not committed to its reform plan

 

  

 December 29, 2021

 

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The Central Bank of Iraq takes a decision to improve the performance of banks that are not committed to its reform plan

 

The Board of Directors of the Central Bank of Iraq hosted, during its session on 12/29/2021, the President of the Association of Iraqi Private Banks and his two deputies. His Excellency the Governor, Mr. Mustafa Ghaleb, presented the conditions of the banking sector in light of the reform plan adopted by the Central Bank in early 2021 to reform the sector and the directions of the Board of Directors to take corrective administrative measures for the purpose of compliance by some banks with the controls and instructions before proceeding with legal procedures against them. The attendees supported this approach to ensure that the banks improve their financial conditions and avoid the effects resulting from their negative performance and its reflection on the reputation of the banking sector, despite granting them sufficient periods to improve their conditions and perform their obligations.

The Board decided to stop all banking operations and activities of these banks, while giving them a deadline of three months to improve their performance and secure the necessary liquidity to fulfill their obligations and increase their capital to the required limits. It was stated in the Board of Directors’ decision that banks that are unable to secure what is required of them must merge with other banks, and in the event that the above is not met, the license will be withdrawn and legal measures will be taken against it.

 

Central Bank of Iraq

information Office

2021/12/29

[yota691]

The Central Bank warns non-compliant banks

 

514 Economie 2021/12/29 21:21 Baghdad today -

Baghdad Today, Wednesday, the Central Bank of Iraq warned banks that are not committed to the controls and instructions before taking legal measures against them. A statement by the bank, received by (Baghdad today), said that "the Board of Directors of the Central Bank of Iraq hosted during its meeting today the president of the Association of Iraqi Private Banks and his two deputies." He added, "The Governor of the Bank, Mustafa Ghaleb, presented the conditions of the banking sector in light of the reform plan adopted by the Central Bank in early 2021 to reform the sector and the directions of the Board of Directors to take corrective administrative measures for the purpose of compliance by some banks with controls and instructions before proceeding with legal procedures against them." He added, "The attendees supported this approach to ensure that the banks improve their financial conditions and avoid the effects resulting from their negative performance and its reflection on the reputation of the banking sector, despite granting them sufficient periods to improve their conditions and perform their obligations." The council decided, according to the statement, "to stop all banking operations and activities for these banks, while giving them a deadline of three months to improve their performance and secure the necessary liquidity to fulfill their obligations and increase their capital to the required limits."

[yota691]

The Central Bank of Iraq decides to stop all operations of non-compliant banks

Central: Banks that are unable to secure what is required of them must merge with other banks

 December 29, 2021 11:30 PM

 

Mubasher: The Central Bank of Iraq decided, today, Wednesday, to stop all operations and activities of non-compliant banks.

And the bank stated, in a statement received by the Iraqi News Agency (INA), that the Board of Directors of the Central Bank of Iraq hosted, during its session on 12/29/2021, the president of the Association of Iraqi Private Banks and his two deputies.

The statement added, "The Governor of the Central Bank, Mustafa Ghaleb, presented the conditions of the banking sector in light of the reform plan adopted by the Central Bank in early 2021 to reform the sector and the directions of the Board of Directors to take corrective administrative measures for the purpose of compliance by some banks with controls and instructions before proceeding with legal procedures against them."

He pointed out that "the attendees supported this approach to ensure that the banks improve their financial conditions and avoid the effects resulting from their negative performance and its reflection on the reputation of the banking sector, despite granting them sufficient periods to improve their conditions and perform their obligations."

He added, "The Council decided to stop all banking operations and activities for these banks, while giving them a deadline of three months to improve their performance and secure the necessary liquidity to fulfill their obligations and increase their capital to the required limits."

He pointed out that "the board of directors' decision stated that banks that are unable to secure what is required of them must merge with other banks, and in the event that the above is not met, the license will be withdrawn and legal measures will be taken against it."