About Warka Bank for Investment & Finance J.S.C.

[Muhammad]

Please search first: http://www.warka-bank.com/inner.php?type=3&id=63 (http://www.warka-bank.com/inner.php?type=3&id=63)


Dear Warka Clients,

I am delighted to inform you that a Senior Management and Board of Directors decision has been reached and made to increase our capital to IQD 250 billion the highest capital of any private bank in .

We will increase our capital to IQD 100 billion by February 28th 2010 issuing free shares to our shareholders further increasing our capital by the end of June 2010 to IQD 250 billion issuing paid up shares to our esteemed shareholders.

Please note that this an announcement where the bonus shares will be issued after we hold, finalize and complete our general assembly meeting in accordance with standard practice and procedures.

Thank you for sharing and contributing to our continuous success and growth.

Respectfully,

Warka Bank for Investment and Finance

Now how to lop the 3 zeros off from the higher denominations like 10,000 IQD and 25,000 IQD to contradict the written promises of Warka Bank? All the investors of Warka Bank will incur great losses if the 3 zeros are done only for the policy of lop without a justifiable reason like hyperinflation?! Please do your research once more! Mind you, the Iraqi government is fully supporting Warka Bank.

And more about them:

Warka Bank for Investment and Finance is one of the largest financial institutions in Iraq, with a network of 120 branches and 350 ATMs located all over iraq , with strong and growing banking services. The bank was established in 1999 and now it is considered by the central bank of iraq and the other financial organizations as the first private bank in Iraq.

Warka Bank for Investment and Finance is mobilizing its substantial capital to take a cutting edge role in Iraqi finance.

The bank has emerged as a lead financier,participating in many sectors such as power , water s , communication , construction and many other sectors concerning the reconstruction of new Iraq.

For the sake of greater customer convenience, our full service approach is delivered through an accessible network of more than 120 branches covering all Iraqi governorates. Additionally, our e-channel services use the latest electronic technologies to bring banking into our customers’ homes such as . Internet, mobile phone banking services and sms banking services and our ATM’s with more than 350 ATM .

The bank has professional staff ready to serve our respected customers in all banking fields to face the growing demand on trade finance services (LC’s & LG’s) and all other banking services.

Thank you for banking with us

:emo::cool-too:

[opportunist]

Sounds like the other Iraqi private banks woke up to a monster PR. Bold move by Warka but I think it was urgent.

[RoyalBeluga]

Please search first: http://www.warka-bank.com/inner.php?type=3&id=63 (http://www.warka-bank.com/inner.php?type=3&id=63)


Dear Warka Clients,

I am delighted to inform you that a Senior Management and Board of Directors decision has been reached and made to increase our capital to IQD 250 billion the highest capital of any private bank in .

We will increase our capital to IQD 100 billion by February 28th 2010 issuing free shares to our shareholders further increasing our capital by the end of June 2010 to IQD 250 billion issuing paid up shares to our esteemed shareholders.

Please note that this an announcement where the bonus shares will be issued after we hold, finalize and complete our general assembly meeting in accordance with standard practice and procedures.

Thank you for sharing and contributing to our continuous success and growth.

Respectfully,

Warka Bank for Investment and Finance

Now how to lop the 3 zeros off from the higher denominations like 10,000 IQD and 25,000 IQD to contradict the written promises of Warka Bank? All the investors of Warka Bank will incur great losses if the 3 zeros are done only for the policy of lop without a justifiable reason like hyperinflation?! Please do your research once more! Mind you, the Iraqi government is fully supporting Warka Bank.

And more about them:

Warka Bank for Investment and Finance is one of the largest financial institutions in Iraq, with a network of 120 branches and 350 ATMs located all over iraq , with strong and growing banking services. The bank was established in 1999 and now it is considered by the central bank of iraq and the other financial organizations as the first private bank in Iraq.

Warka Bank for Investment and Finance is mobilizing its substantial capital to take a cutting edge role in Iraqi finance.

The bank has emerged as a lead financier,participating in many sectors such as power , water s , communication , construction and many other sectors concerning the reconstruction of new Iraq.

For the sake of greater customer convenience, our full service approach is delivered through an accessible network of more than 120 branches covering all Iraqi governorates. Additionally, our e-channel services use the latest electronic technologies to bring banking into our customers’ homes such as . Internet, mobile phone banking services and sms banking services and our ATM’s with more than 350 ATM .

The bank has professional staff ready to serve our respected customers in all banking fields to face the growing demand on trade finance services (LC’s & LG’s) and all other banking services.

Thank you for banking with us

:emo::cool-too:


Losses? I always thought a lop would be revenue neutral :thinking:

[tnvol]

I saw a news article on iraqdirectory.com, scroll down to business news and the article is titled "New Mechanisn to Guarantee Iraqi Money". Just wondering if some of you that have been on this journey longer than me saw it.

[Muhammad]

The lop can be a great loss if it is rated at 1 to 1 exchange. You've forgotten to minus how much you bought it in the first place.

[JPmonopoly]

Losses? I always thought a lop would be revenue neutral :thinking:
it is!

and "research" has shown lops done during hyperinflation are generally unsuccessful

Turkey and Romania reigned in inflation before removing zeros, so please take your own advice Muhammad. Read http://www.allacademic.com//meta/p_mla_apa_research_citation/0/4/0/1/0/pages40104/p40104-1.php

[JPmonopoly]

The lop can be a great loss if it is rated at 1 to 1 exchange. You've forgotten to minus how much you bought it in the first place.
you cant put blame on the currency for the loss of paying dealers.

[orly45pr]

Please search first: http://www.warka-bank.com/inner.php?type=3&id=63 (http://www.warka-bank.com/inner.php?type=3&id=63)


Dear Warka Clients,

I am delighted to inform you that a Senior Management and Board of Directors decision has been reached and made to increase our capital to IQD 250 billion the highest capital of any private bank in .

We will increase our capital to IQD 100 billion by February 28th 2010 issuing free shares to our shareholders further increasing our capital by the end of June 2010 to IQD 250 billion issuing paid up shares to our esteemed shareholders.

Please note that this an announcement where the bonus shares will be issued after we hold, finalize and complete our general assembly meeting in accordance with standard practice and procedures.

Thank you for sharing and contributing to our continuous success and growth.

Respectfully,

Warka Bank for Investment and Finance

Now how to lop the 3 zeros off from the higher denominations like 10,000 IQD and 25,000 IQD to contradict the written promises of Warka Bank? All the investors of Warka Bank will incur great losses if the 3 zeros are done only for the policy of lop without a justifiable reason like hyperinflation?! Please do your research once more! Mind you, the Iraqi government is fully supporting Warka Bank.

And more about them:

Warka Bank for Investment and Finance is one of the largest financial institutions in Iraq, with a network of 120 branches and 350 ATMs located all over iraq , with strong and growing banking services. The bank was established in 1999 and now it is considered by the central bank of iraq and the other financial organizations as the first private bank in Iraq.

Warka Bank for Investment and Finance is mobilizing its substantial capital to take a cutting edge role in Iraqi finance.

The bank has emerged as a lead financier,participating in many sectors such as power , water s , communication , construction and many other sectors concerning the reconstruction of new Iraq.

For the sake of greater customer convenience, our full service approach is delivered through an accessible network of more than 120 branches covering all Iraqi governorates. Additionally, our e-channel services use the latest electronic technologies to bring banking into our customers’ homes such as . Internet, mobile phone banking services and sms banking services and our ATM’s with more than 350 ATM .

The bank has professional staff ready to serve our respected customers in all banking fields to face the growing demand on trade finance services (LC’s & LG’s) and all other banking services.

Thank you for banking with us

:emo::cool-too:

Warka Bank for Investment and Finance

Now how to lop the 3 zeros off from the higher denominations like 10,000 IQD and 25,000 IQD to contradict the written promises of Warka Bank? All the investors of Warka Bank will incur great losses if the 3 zeros are done only for the policy of lop without a justifiable reason like hyperinflation?! Please do your research once more! Mind you, the Iraqi government is fully supporting Warka Bank.

And more about them:

Warka Bank for Investment and Finance is one of the largest financial institutions in Iraq, with a network of 120 branches and 350 ATMs located all over iraq , with strong and growing banking services. The bank was established in 1999 and now it is considered by the central bank of iraq and the other financial organizations as the first private bank in Iraq.

Warka Bank for Investment and Finance is mobilizing its substantial capital to take a cutting edge role in Iraqi finance.

The bank has emerged as a lead financier,participating in many sectors such as power , water s , communication , construction and many other sectors concerning the reconstruction of new Iraq.

For the sake of greater customer convenience, our full service approach is delivered through an accessible network of more than 120 branches covering all Iraqi governorates. Additionally, our e-channel services use the latest electronic technologies to bring banking into our customers’ homes such as . Internet, mobile phone banking services and sms banking services and our ATM’s with more than 350 ATM .

The bank has professional staff ready to serve our respected customers in all banking fields to face the growing demand on trade finance services (LC’s & LG’s) and all other banking services.

Thank you for banking with us

this i did not see the part in red in the warka webpage, WHY?

[MEALTICKET]

A current "LOP" ( 1170:1 ) would be an increase of over 10% ....that being said how does a 1000:1 LOP lose you money...???...Do you understand how removing zeros works...??

If there is a lop we will not have huge gains but meger gains:headbang:

[RoyalBeluga]

If there is a lop we will not have huge gains but meger gains:headbang:

I will be thankful for ANY gains :yes: