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BatmaninIraq
11-16-2016, 01:10 AM
Warka Bank .. Iraqi secrets there shall no details yet



Date: 17:16 2016/11/15Basil-AbbasBooks / d. Basil Abbas Khudair ...Warka Bank for Investment and Finance was established in 1999, it is assumed that he aims to actively contribute to the economic development of the country in accordance with the provisions of the Iraqi Central Bank Law and instructions, and the Companies Act and other applicable laws, and that 116 branches the bank in Baghdad and the provinces as well as the offices of other specialized, including brokerage for buying and selling financial stocks and the Office of banking foreign currency and all offices offices has specialized in the provision of banking services, the EBRD had a great deal with all public and mixed sectors of government departments such as the Ministry of Agriculture, Works and municipalities and the municipality of Baghdad and advisory councils for the city of Baghdad and General Motors Co. (via Marketing cars) and the General Company for construction materials and national Company for chemical and plastic Industries, Inc. Baghdad for soft drinks and others, it has been the bank's assets amounted to 694 billion dinars, 105 billion dinars, and its capital in 2010, and truth be told that the bank during the first years of its foundation was managed in a manner efficient by economic and banking figures It is known for its history associated with many of the successes in the field of jurisdiction.
At a time when some believe that the Warka Bank will Mnaksa government bank inside Iraq or to be the level of regional and international private banks, the bank saw fallen to mildly that fall dramatically and unexpectedly and contrary to all opinions and indicators of development and high performance levels, between overnight Warka Bank became insolvent and unable to meet withdrawals customers do not receive their deposits under the pretext that he was suffering from an administrative crisis, when issued directives regarding the lack of dealing with private banks regarding the opening of letters of guarantee and the granting of banking facilities, and instead of taking the bank management procedures to ensure the depositors 'and investors' rights through assumption or merger or other processors, they let down the large number of dealers with the bank branches in Baghdad and the provinces and outside of Iraq, through the disappearance of the administration and not to appear or speak out and reassure depositors on the safety of their deposits, but it began to close or suspend the work of some branches and only run the headquarters of the bank in Khilani Square which was transformed into a place of false promises and evasion of the public and managed by junior staff.
During the years 2010 - 2016 has not caught depositors only promises incorrect because the money was not returned to them and all of what has been a distraction some it is the distribution of payments in the amount of 750 thousand dinars, or million dinars every three or four months and the way the bureaucracy was supposed condemnation and hold negligent, because the disabled Returns the amounts deposited in dinars or the dollar by the Bank under the authority of the Central Bank of Iraq is the apparent violation and clear to the Constitution, which stated in many articles to maintain private ownership of man is like the disposal of the 56 group who are do not meet their promises, not devoid of those dull life dealing with the bank from the past promote rosy news or other colors not to depositors involved in it such as placing the commandments and lifting and undergo domestic arbitration and then pass the international arbitration, what is the benefit of the news and the delays and money of Iraqis unaccounted for seven years and there is no light at the end of the tunnel limit today, and most unhappy that the Commissioner and the chairman and members of Director Governing Council in a state of complete absence from the interview depositors to inform them of what is going on in the media regarding the declaration or the date on which will be the return of funds to depositors who have declined to half their money because of the low purchasing power and high rates of inflation in prices.
Some might say that the Warka is not Ahli only bank that failed the customers because there is another civil banks did the same with the public was the central bank lifted a finger about them, and they say that other banks did not fade from view as the Warka did as they remained in touch with their audience a pay them money as they become available have the liquidity and the banks did not act Ptaala with depositors as the Warka reaction, which left a number of employees in Khilani Square do not have any powers not memorized only the word (do not know), we add it to the Warka Bank (spoiled) government for reasons we do not know yet been subjected to the care and tenderness of the Central Bank of Iraq, as has been allowed to enter the US dollar auction a day over a year ago, and at the time of writing this article (15/11/2016), the Warka Bank transactions in the auction currency for the day amounted to 4, $ 8 million of which $ 2.8 million and two million dollars Kaatmadat Khawwalat, and this amount is a daily occurrence, a real amounts are included in leaflets CBI.
The question that has not permitted its secrets after that must be answered by the Iraqi Central Bank and the competent committees in the House and the Integrity Commission and other stakeholders auction dollar for those who go millions or billions of dollars, which handles the Warka Bank when the dollar buys from the central, closed the doors and the Warka and has no dealings with depositors and drawers and government agencies ordered to stop dealing with him, and the Council of Ministers demands that it be held accountable stakeholders why depositors in the Warka Bank money will not be returned and are Iraqi citizens, as long as the Warka solvency daily to deal with the Central Bank through the purchase of $ 5 million per day ( on average), and the right to depositors to ask who was to resort to it to re-legitimate rights after he knocked on every door, including demonstrations, without interest, and in that do not want anyone to explain the circumstances through which the bank because it is responsible for solving its problems and restore depositors' money through liquidation or selling assets or borrowing or merger or division adversaries or in any way restore rights, without procrastination and prolong the waiting, Depositors are not partners in the bank, but money holders and the duty of the bank and government stakeholders to force him to return their money immediately, and in the case of non-fulfillment of this legal right, the tens Israr questions will go on and the reasons for silence on the Warka Bank, which buys millions of dollars a day from the depositors' money and did not distract them dinars after.

Will-it-happen?
11-16-2016, 07:20 AM
Hope the rescue package includes compensation for non iraqi citizens

haggisbasher
11-16-2016, 09:46 AM
I agree also damages to ISX trading platform with Warka Bank;any thing else that we should be compansted .

Brazileiro
11-16-2016, 10:57 AM
translation is very confusing. seems to go on about warka's problems, then says Warka is participating in the usd auctions daily for 5 million dollars but not allowing account holders to withdraw money. And Warka is not talking to anyone or giving any explanations.

What are others reading from this?

Will-it-happen?
11-16-2016, 12:13 PM
Gives that impression about them not wanting to payout despite doing lots of $ transactions everyday, but then again maybe the cbi owe them money from the almaliki days

At least they are discussing terms of a revival

RogueTurtle
11-16-2016, 12:41 PM
Batman, Thanks for finding and then posting this information.

So over the last year Warka has been using 5 million of our dollars each business day to participate in the CBI auctions, well at least it is progress. I share the writers discontent about no updating from the Bank and Govt Agencies.

Do you happen to have a way of getting in contact with the writer, I would like to get ahold of him/her.

Thanks again!!

grimly
11-24-2016, 06:43 PM
Not a promising article. I just think we have to wait for ISIS to be destroyed in Iraq before we'll have any real news that makes sense.

Will-it-happen?
11-30-2016, 08:43 PM
www.warka-bank.com not working

Will-it-happen?
11-30-2016, 08:53 PM
Domain Name: WARKA-BANK.COM
Registrar WHOIS Server: whois.misk.com
Registrar URL: https://www.misk.com
Updated Date: 2011-11-27T14:54:40Z
Creation Date: 2005-11-30T16:29:45Z
Registrar Registration Expiration Date: 2015-11-30T00:00:00Z
Registrar: Misk.com, Inc.
Registrar IANA ID: 401
Registrar Abuse Contact Email:
Registrar Abuse Contact Phone: +1.8458964602
Domain Status: clientHold
Domain Status: clientTransferProhibited
Registrant Name: Ashraf Amr
Registrant Organization: Warka Bank For Investment & Finance
Registrant Street: Al Madineh Street
Registrant City: Amman
Registrant State/Province: Not Applicable
Registrant Postal Code: 12216
Registrant Country: Jordan
Registrant Phone: +962.788305969
Registrant Phone Ext:
Registrant Fax: +962.788305969
Registrant Fax Ext:
Registrant Email:
Admin Name: Ashraf Amr
Admin Organization: Warka Bank For Investment & Finance
Admin Street: Al Madineh Street
Admin City: Amman
Admin State/Province: Not Applicable
Admin Postal Code: 12216
Admin Country: Jordan
Admin Phone: +962.788305969
Admin Phone Ext:
Admin Fax: +962.788305969
Admin Fax Ext:
Admin Email:
Tech Name: Ashraf Amr
Tech Organization: Warka Bank For Investment & Finance
Tech Street: Al Madineh Street
Tech City: Amman
Tech State/Province: Not Applicable
Tech Postal Code: 12216
Tech Country: Jordan
Tech Phone: +962.788305969
Tech Phone Ext:
Tech Fax: +962.788305969
Tech Fax Ext:
Tech Email:
Name Server: NS763.WEBSITEWELCOME.COM
Name Server: NS764.WEBSITEWELCOME.COM
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
>>> Last update of WHOIS database: 2015-12-16T21:43:07Z <<<


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Information Updated: 2016-07-07 21:48:08

Will-it-happen?
11-30-2016, 08:54 PM
do they , like , ever remember to renew anything at all ?

Brazileiro
11-30-2016, 09:35 PM
I got the same info though the exp date says 2016 instead of 2015,,,nothing about warka bank surprises me any more. it would surprise me if we get access to our money anytime soon. it's only been how many years? they didn't bother to give any info about the "get well plan" meeting they supposedly had back in june with the cbi either,,,

haggisbasher
12-01-2016, 05:31 PM
Just Logged on to my Warka account through google chrome and found 2 debted payments of 60,547IQD & 65,205IQD.left my account yesterday, I think it would be for password renewal or portfolio request I made earlier in the year,anyone else.????

James
12-01-2016, 06:54 PM
Likewise, amounts are different (more deductions) for me. Does not explain what each withdrawal was for.
First time I have notice any deductions from the account. Maybe when their website is back up there will be a list of standard deductions.

Will-it-happen?
12-01-2016, 07:27 PM
Just Logged on to my Warka account through google chrome and found 2 debted payments of 60,547IQD & 65,205IQD.left my account yesterday, I think it would be for password renewal or portfolio request I made earlier in the year,anyone else.????

thats over $100usd

Brazileiro
12-01-2016, 07:59 PM
f me! I had 5807276.729 deducted! Yes that is correct 5.8 million iqd! $4913 usd! Can't see if it was a 1 shot deal or more.

Update - looked at it in another browser and it was a 1 time withdrawal. Had arabic writing that translated to "Retrieval utility deposit broken". Whatever that is....

Will-it-happen?
12-01-2016, 08:35 PM
zero deducted from mine

BTW I posted 720,000 IQD to warka on 12th NOV, still to be credited

Brazileiro
12-01-2016, 08:51 PM
if they are starting to charge fees again maybe they'll be open for business again soon,,,

James
12-01-2016, 11:20 PM
The post date on my account said As at : 04/12/2016 but I looked this morning. Guess this is the next time the bank will open? My total fees were around 800,000 dinar. I emailed Warka and asked if they could explain whet each deduction was for.

Will-it-happen?
12-02-2016, 08:11 AM
The post date on my account said As at : 04/12/2016 but I looked this morning. Guess this is the next time the bank will open? My total fees were around 800,000 dinar. I emailed Warka and asked if they could explain whet each deduction was for.

Maybe it's for the paid up shares from before

haggisbasher
12-02-2016, 09:43 AM
I think all current accounts have been examined and brought up to date,IMO this is why customers have been locked out and Warka is readying for something.

Brazileiro
12-02-2016, 10:38 AM
I sent an email as well and if I hear anything about it from Warka Bank I'll post it.

As far as I know my account was up to date in regards to the amount. I only bought the CD's, no ISX. I'm hoping as well that this means they'll be open for business again very soon.

spacetuna
12-02-2016, 02:39 PM
f me! I had 5807276.729 deducted! Yes that is correct 5.8 million iqd! $4913 usd! Can't see if it was a 1 shot deal or more.

Update - looked at it in another browser and it was a 1 time withdrawal. Had arabic writing that translated to "Retrieval utility deposit broken". Whatever that is....

Brazilero- Is it possible that since the site is unsecure that some one has stolen your password and is making withdrawals? I am not going to log into my account until I'm sure that this problem has been fixed first.

Brazileiro
12-02-2016, 04:04 PM
spacetuna - I would think that if others hadn't had unknown withdrawals made as well, and if we could actually make withdrawals. As far as I know we cannot make withdrawals yet.

Logging into the warka website right now is no different than logging into this website. Both are insecure and passwords can be stolen, but I think it is unlikely.

If I hear anything from Warka bank I will post it here...

spacetuna
12-02-2016, 06:34 PM
Well, I hope that it is just an honest mistake and it will be fixed for you. That is a large withdrawal to happen for no reason at all. It has me concerned for my own account but I'm scared to log in and check it.

James
12-02-2016, 09:06 PM
~ Spacetuna
Do you have stock in the ISX through Warka? If so have you asked for stock purchases in the past few years and wondered if they were filled? Just brainstorming. I asked for an update stock list last year and had a few more shares than I expected. I'm just wondering if some of my charges were stock related. I will post when I get a reply from Warka about my charges.

Brazileiro
12-02-2016, 11:46 PM
James - did you have any arabic writing in your transaction similar to what was in mine?

Anyone else have any arabic writing?

James
12-03-2016, 01:40 AM
Yes I did. Here is what I received minus account totals. Does some of this look similar to yours? Anyone else?

177

haggisbasher
12-03-2016, 05:02 AM
Mine also very similar except the 2537/01 & 2537/02 is the only difference.

Brazileiro
12-03-2016, 11:09 AM
Thanks James, yes that is the same arabic writing as in my statement.


Yes I did. Here is what I received minus account totals. Does some of this look similar to yours? Anyone else?

177

James
12-05-2016, 10:55 AM
Here the response I received today.

Dear Mr. James,

I have checked this matter with our auditing department where they confirmed that additional interest was credited to your account and after auditing the accounts by external auditors the additional interest has been debited…

Mr. I

Brazileiro
12-05-2016, 04:21 PM
thanks for the update James. I sent my email friday and it was read by Mr I on sunday so maybe I'll get a response soon. Was the interest from ISX, cd's or just deposits? I've never had anything in the ISX only in cd's and on deposit. I've always checked the amounts of interest I was paid and am pretty sure I was never overpaid interest.

I'll post any answer from Warka Bank

James
12-05-2016, 04:40 PM
I believe the account adjustment is from the annual interest paid or in this case overpaid. I have never received any dividends in cash from the ISX.

Brazileiro
12-05-2016, 05:38 PM
I wonder what the external audit is for?

Will-it-happen?
12-05-2016, 07:18 PM
I wonder what the external audit is for?

THEIR+relisting+back+to the+isx

Brazileiro
12-07-2016, 10:26 AM
word for word the same response I received this morning...except the Dear Mr James part :)


Here the response I received today.

Dear Mr. James,

I have checked this matter with our auditing department where they confirmed that additional interest was credited to your account and after auditing the accounts by external auditors the additional interest has been debited…

Mr. I

dinar shore
12-07-2016, 05:22 PM
Hi James, This is dinar shore (2004). Can you please send me the latest address for Mr. I?

Thanks!

Dinar Shore

James
12-07-2016, 08:11 PM
Mr. Issa

mohammad.k.issa@warka-bank-iq.com

Lenmon
12-08-2016, 08:30 PM
This is what I get.

This connection is untrustedYou asked to connect securely to onlinebanking.warka-bank-iq.com, but we can't confirm that the connection is secure due to a problem with the website's security certificate.
Such problems may indicate an attempt to steal your information.

Brazileiro
12-08-2016, 08:50 PM
yes since October I think. They haven't renewed their domain (website) yet either. Expired the end of Nov


This is what I get.

This connection is untrusted

You asked to connect securely to onlinebanking.warka-bank-iq.com, but we can't confirm that the connection is secure due to a problem with the website's security certificate.
Such problems may indicate an attempt to steal your information.