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View Full Version : Write - off of Warka Bank for Investment and the inclusion of funding 05-16-2016



thebest
05-16-2016, 04:49 PM
150

151

http://www.isx-iq.net/isxportal/portal/storyDetails.html?storyId=3647

http://www.isx-iq.net/isxportal/files/story0_116_5_1_10_1_17.pdf

Will-it-happen?
05-16-2016, 05:04 PM
Sounds amazing , translation anyone ?

pirata
05-16-2016, 05:04 PM
I also checked the erbil stock exchange in facebook and its being updated as well.since 2014 nothing there!!

Will-it-happen?
05-16-2016, 05:20 PM
I also checked the erbil stock exchange in facebook and its being updated as well.since 2014 nothing there!!

an ancient link ?

its got todays date (16th May 2016)

Will-it-happen?
05-16-2016, 05:41 PM
The date from the ISX is today and it says " cancellation Warka Bank for Investment and Finance inclusion (http://www.isx-iq.net/isxportal/portal/storyDetails.html?storyId=3647)
"

RogueTurtle
05-17-2016, 10:41 AM
Letter is from the ISX to the CBI, regarding Warka Bank , dated on May 8, 2016, informing them that Warka Bank can not trade their stock at the Iraqi stock exchange until they abide by the new regulations issued in 2015.

Positive Info, at least it sounds like they are trying to get relisted. Not sure what "new regulation" they are referring to.

pirata
05-17-2016, 12:48 PM
Letter is from the ISX to the CBI, regarding Warka Bank , dated on May 8, 2016, informing them that Warka Bank can not trade their stock at the Iraqi stock exchange until they abide by the new regulations issued in 2015.

Positive Info, at least it sounds like they are trying to get relisted. Not sure what "new regulation" they are referring to.
Thank you,thank you!!

Will-it-happen?
05-17-2016, 05:17 PM
no mention on warka website as yet tho

What If....
05-17-2016, 10:42 PM
no mention on warka website as yet tho

From their website



The Central Bank of Iraq expresses its warm greeting,

We would like to inform that as part of the Warka Bank rehabilitation plan
the Central Bank of Iraq hereby approves the practice of all your banking
activities in accordance with your banking licenses issued by the Central
Bank of Iraq in accordance with Central Bank of Iraq bylaws and
regulations which includes the entry into the CBI bid auction for the
purchase and sale of foreign currency.

Best regards,

Salman Eidan Abdullah

Director General

RogueTurtle
05-18-2016, 12:36 PM
And this from Rabee Securities; http://www.rs.iq/iraq_news/index/isx

ISX replied CBI query for the status of Al-Warka Investment Bank (BWAI) on May 16, 2016ISX replied CBI query for the status of Al-Warka Investment Bank (BWAI) on May 16, 2016. ISX said that BWAI is delisted from the ISX and need to fulfill the listing requirements to be relisted.

Will-it-happen?
05-18-2016, 03:00 PM
Last news update on Warka website is 11th April 2016

James
05-19-2016, 01:57 PM
And this from Rabee Securities; http://www.rs.iq/iraq_news/index/isx

ISX replied CBI query for the status of Al-Warka Investment Bank (BWAI) on May 16, 2016ISX replied CBI query for the status of Al-Warka Investment Bank (BWAI) on May 16, 2016. ISX said that BWAI is delisted from the ISX and need to fulfill the listing requirements to be relisted.

http://www.isx-iq.net/isxportal/files/New%20Microsoft%20Word%20Document114_10_0_10_41_39 .pdf

Will-it-happen?
05-20-2016, 03:02 PM
http://www.isx-iq.net/isxportal/files/New%20Microsoft%20Word%20Document114_10_0_10_41_39 .pdf

17. The company should publish its financial statements of article (7) above in thewebsite of ISC and ISX and in the daily newspaper before the permission oftrading its shares at ISX



still to happen

Will-it-happen?
05-27-2016, 07:22 PM
What info on this site is current ?

http://english.mubasher.info/markets/ISX/stocks/BWAI/profile

English Bob
06-02-2016, 02:32 PM
What info on this site is current ?

http://english.mubasher.info/markets/ISX/stocks/BWAI/profile


Thanks Will-it-happen

Got this from the link



Al-Kalanie Sq. Baghdad, Iraq
Phone+964 1 8869880
Fax+964 1 7179555
Websitewww.warka-bank.com (http://www.warka-bank.com/)
Emailinfo@warka-bank-iq.com
Contact Person






Al-Kalanie Sq. Baghdad, Iraq
Phone+964 1 8869880
Fax+964 1 7179555
Websitewww.warka-bank.com (http://www.warka-bank.com/)
Emailinfo@warka-bank-iq.com
Contact Person

English Bob
06-02-2016, 02:38 PM
also

http://english.mubasher.info/markets/ISX/stocks/BWAI/financial-statements


Select Period Third Quarter annual budget Data presented for annual budget for year 2010 and the comparative for each of the previous four years
Latest financial statements in thousands with Iraqi Dinar(IQD) where financial year starts on First Quarter




2010
2009
2008
2007
2006



BALANCE SHEET


Total Assets
629,463,780.781
-
1,501,351,286.501
-
-



Total Liabilities
501,904,655.894
-
1,421,211,249.355
-
-



Total Owners' Equity & Minority Interest Equity
127,559,124.887
-
80,140,037.146
-
-



Total Liabilities & Shareholders' Equity
629,463,780.781
-
1,501,351,286.501
-
-



INCOME STATEMENT


Net Income or Loss
3,070,702.626
-
20,272,729.927
-
-



CASH FLOW


Net Cash Flow from (Used In) Operating Activities
-238,923,398.234
-663,322,316.119
569,949,410.504
-
-



Net Cash Flow from (Used In) Investing Activities
134,916,525.999
-175,596,793.596
-10,721,964.58
-
-



Net Change In Cash & Cash Equivalents
-104,006,872.235
-838,919,109.715
559,227,445.924
-

Will-it-happen?
06-05-2016, 05:25 AM
June now

No mention of Warkas return anywhere

haggisbasher
06-05-2016, 08:05 AM
Am also waiting on Warka Banks imminent announcement that its return but feel they are waiting on the Depositors Law being enacted so the government can pay Warka under this Law,hopefully at the end of Ramadan time frame.

Will-it-happen?
06-05-2016, 05:52 PM
So July ............

pirata
06-05-2016, 06:19 PM
So July ............
http://economy-news.net/content.php?id=3654

Will-it-happen?
06-05-2016, 06:25 PM
http://economy-news.net/content.php?id=3654

25th may has been and gone

Kickabuck
06-05-2016, 06:51 PM
25th may has been and gone

We've been shut out for roughly 3 years, what's another 6 month wait at this point. Oil is going back to 60-65, good times will return. I'm down roughly 50% on this play with Warka a complete write off. In the event they return to IXS trading, it will be very interesting to see the share price.

One area that chaps my arse is the inability to participate in paid up share offerings. Mamoura Real Estate is a good example, I can't buy my paid up shares, and the stock price gets diluted by those who can. It's a crooked game with no legal recourse.

Brazileiro
06-06-2016, 03:05 AM
We've been shut out for roughly 3 years, what's another 6 month wait at this point. Oil is going back to 60-65, good times will return. I'm down roughly 50% on this play with Warka a complete write off. In the event they return to IXS trading, it will be very interesting to see the share price.

One area that chaps my arse is the inability to participate in paid up share offerings. Mamoura Real Estate is a good example, I can't buy my paid up shares, and the stock price gets diluted by those who can. It's a crooked game with no legal recourse.

yeah people have been saying "what's another 6 months, or 1 year" for around 3 years or so...and will probably be saying it again next year. Highly unlikely anything will be done this month, if they even have the meeting that was reported to happen in june,,,nothing much used to get done during ramadan and don't think that has changed,,,all we can do is wait and see what happens,,,

haggisbasher
06-06-2016, 06:50 AM
I feel Warka is very close to this imment announcement for AGM and just awaiting the nod from the GOI and that the funds are there to pay Warka in some form to kick start them,
MFI meet the GOI on Thursday to review the release of these funds, then they will enact the deposit law together with a couple of important laws lining themselves for end of Ramadan Mosel liberated,hope I get my trading platform back .my feel good factor is starting to kick in

Will-it-happen?
06-07-2016, 08:00 AM
I feel Warka is very close to this imment announcement for AGM and just awaiting the nod from the GOI and that the funds are there to pay Warka in some form to kick start them,
MFI meet the GOI on Thursday to review the release of these funds, then they will enact the deposit law together with a couple of important laws lining themselves for end of Ramadan Mosel liberated,hope I get my trading platform back .my feel good factor is starting to kick in

then again maybe not !!

haggisbasher
06-07-2016, 07:27 PM
Maybe the CBI will elect Al-Warka Bank the first bank to initiate insurance for bank deposits law,as compensation with a capial of 100 billion IQD or 100 million USDs.
This is to be a company elected by the CBI to act as a clearance house for insurance transactions, is this to happen end Ramadan ??????

if this were happen it would be great publicity for the GOI & CBI & Warka bank would boost Iraqs
Economy & ISX Baghdad,ISX Erbil Indexs the list can go on and on.

I feel that very soon Iraq moves to article 8, the GOI with the CBI are lining up all their ducks to shoot
This would be a Shia-Sunni-Kirds peace Law offering to all,

End of Ramadan would be an ideal time for movement from Warka in the news then.
Remember Warka Bank will pay the again pay interest on accounts at the end of this 6 month trading year.

Will-it-happen?
06-08-2016, 09:05 AM
Maybe the CBI will elect Al-Warka Bank the first bank to initiate insurance for bank deposits law, this is to be a company elected by the CBI to act as a clearance house for insurance transactions, this is to happen june.

9th JUNE , still no mention of anything

wherbie
06-29-2016, 01:50 AM
http://www.isx-iq.net/isxportal/files/New%20Microsoft%20Word%20Document114_10_0_10_41_39 .pdf

It doesn't sound very encouraging....but I still hope it will come around...I feel bad for some people who invested a lot of money....I got in early 2005...for 5 K...ouch