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The Iraq Stock Exchange launches the guarantor bank service


HowieC
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The Iraq Stock Exchange launches the guarantor bank service

upload_1662798885_302741.jpg
 

 

  •  Yesterday, 11:34
 

Baghdad - INA - Mustafa Al-Hashemi
launched the Iraq Stock Exchange, within its development plans, a modern technical service represented by the guarantor bank.
The Executive Director of the market, Taha Ahmed Abdel Salam, said in a statement to the Iraqi News Agency (INA) that the market continues to provide services and any new development services, such as launching modern technical services such as the service of the guarantor bank during the year 2022.
Abdel Salam pointed to the launch of the online trading service - for investors, as well as the continuation of developing laws and rules in accordance with international standards, in addition to encouraging the private sector to establish new joint stock companies in various economic sectors and attracting national and foreign capital. The activity of joint stock companies by the sectoral authorities and the evaluation of their implemented plans and their support by technical, legal and procedural means to achieve profits, and distribute profits to shareholders.

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13 hours ago, HowieC said:

The Iraq Stock Exchange launches the guarantor bank service

upload_1662798885_302741.jpg
 

 

  •  Yesterday, 11:34
 

Baghdad - INA - Mustafa Al-Hashemi
launched the Iraq Stock Exchange, within its development plans, a modern technical service represented by the guarantor bank.
The Executive Director of the market, Taha Ahmed Abdel Salam, said in a statement to the Iraqi News Agency (INA) that the market continues to provide services and any new development services, such as launching modern technical services such as the service of the guarantor bank during the year 2022.
Abdel Salam pointed to the launch of the online trading service - for investors, as well as the continuation of developing laws and rules in accordance with international standards, in addition to encouraging the private sector to establish new joint stock companies in various economic sectors and attracting national and foreign capital. The activity of joint stock companies by the sectoral authorities and the evaluation of their implemented plans and their support by technical, legal and procedural means to achieve profits, and distribute profits to shareholders.

Guarantor Bank?

What Is a Guarantor?

A guarantor is a financial term describing an individual who promises to pay a borrower's debt in the event that the borrower defaults on their loan obligation.

 

Who is the guarantor? China? No American bank would do this, is my guess. Could be wrong. Iran would like that. We'll see. I'm likely wrong, just throwing baseballs in the dark...lol

 

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2 minutes ago, Rochester said:

Guarantor Bank?

What Is a Guarantor?

A guarantor is a financial term describing an individual who promises to pay a borrower's debt in the event that the borrower defaults on their loan obligation.

 

Who is the guarantor? China? No American bank would do this, is my guess. Could be wrong. Iran would like that. We'll see. I'm likely wrong, just throwing baseballs in the dark...lol

 

 

😳👍

Seems like the bank feels like there won't be many businesses failing in Iraq for the foreseeable future.. why else would a bank be taking all the risk? Wow

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