The decision obliges banks to raise capital
The decision obliges banks to raise capital
Ali Salman-21/06/2012 m-9: 13 am | Hits: 24
Economic/baratha news
Push the Central Bank's decision to require private banks to increase their capital to 250 billion dinars some of those banks to put its shares in the stock market to comply with the resolution.
Union Bank was about 35 billion shares Tuesday gathering in which about 30 billion dinars at a private meeting.
And maybe the Chairman of the Board of Governors in Iraq market for securities Leith Tamimi a number of private banks to take similar steps, calling on the Central Bank to postpone the application of the decision until after the end of 2013.
Tamimi described the value of shares traded up banks to nearly 70 per cent of total shares traded, as stable after rounds of rise and decline.
The value of shares on Wednesday Union Bank towards 840 Fils per share, despite a slight decline in stock index trading session Tuesday.
"we aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar" - Dr. Shabibi
“I just did my job...You either get them out alive or you die trying. If you don’t die trying, you didn’t try hard enough." - Marine Sergeant Dakota Meyer, Medal of Honor recipient
