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  1. #1
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    Wink warka coming back email i received today

    Specialized lending banks to finance projects


    3/7/2015 0:00

    Central: Guardianship lifted soon banker {economy and Warka}
    BAGHDAD Mustafa al-Hashemi,

    the Iraqi Central Bank seeks to stimulate the private banking sector through the removal of private banks from speculating in dollars and support the provision of mechanisms to strengthen its activity and increase profits which would get the economy moving and directing them to take The real role in development. In the process of this context, the Central Bank Governor Dr Ali Alak said that the coming days will witness the return of banking activity the economy and the Warka after the completion of raising the central tutelage them measures. He said in a statement the "morning" the banking sector where the future and the trading of exaggerations in the conditions of these banks are exaggerations improper where we hear every now and then there are the banks under guardianship because of hardship or bankruptcy.

    lifting guardianship and stressed that this is not accurate we do not have only one bank is now under the custody of "Bank of the economy" and soon will finish this stage to return to work In addition to the Warka Bank who had got the problems and now began to re-position the central bank is considering now with the Department of the Bank of ways to promote it.

    The governor stressed that the central bank stimulates the private banking sector and the private banks to exercise their activities in accordance with international standards, and the fact that modern mostly it You need the care and support from the central bank. While Nbadha the speculative dollar we have been working to compensate this aspect and provide other tools can strengthen its role and increase its activities and profits, pointing out that the central process of doing a set of procedures as well as put forward proposals adopted by the Bank in the Economic Committee of the Council of Ministers and have been endorsed and acceptance they contribute to upgrading the role of these banks. government deposits and continued relationship was for banks restricted role in the granting of letters of credit to a certain extent now we raised the ceiling of this authority to grant such credits, pointing out that the central coordinate with the Ministry of Finance to obtain approval to accept the idea that the private banks can receiving government deposits, and dealing with the fees instruments that pay to the private banking system as it now does not accept the government transactions.

    He noted that the law guarantee deposits will be discussed soon in the House of Representatives will lift the state of lack of confidence, because this sector is working foundation principle on the issue of public confidence. project funding announced by the Central approval to lend specialized in the fields of housing and construction, industry, agriculture, commercial banks, which continues to this aspect as the bank is working on a very important project marks a turning point and the start of many countries in the world is to finance small and medium enterprises project, Msttrda We are now coordinating with banks to develop a plan in this context, because it is possible to move and stimulate the economy and determine the unemployment in the country and this is one of the strategic projects financed by the central bank of what would contribute to GDP. He stressed that the models that I quoted from some of the world in this successful and encouraging area and must move quickly this There is also a trend that multiple ideas were discussed with private banks to take the national and economic role.


    http:r
    Only two definning forces have ever offered to die for you, Jesus Christ and American Soldier one died for your soul the other for your freedom
    http://www.investorsiraq.com/attachm...2&d=1198628312

  2. #2
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    Very Nice news!!!

  3. #3
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    excellent!!
    "I have nothing to offer but blood, toil, tears and sweat." - Sir Winston Churchill

  4. #4
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    Several good bullet points here:

    Warka coming back
    Economy coming back
    Deposit guarantees being looked at
    Roles of private banks being expanded to handle government deposits and lending - this is especially important since banks have been restricted from performing these vital roles.


    I'm liking this new government - things seem to be rolling forward in a positive direction
    "I have nothing to offer but blood, toil, tears and sweat." - Sir Winston Churchill

  5. #5
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    yes very good news as long as the CBI follows through,,soon,,the cbi was ordered how long ago to lift guardianship and compensate Warka and still haven't...

  6. #6
    Supporter and Investor! calstar's Avatar
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    Great News!

  7. #7
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    hurrah !!!

    Money back !!!

    who knows, maybe Standard Chartered are back in the game to buy Warka

    also we will get our missing dividends from IBSD
    Last edited by Will-it-happen?; 03-07-2015 at 04:31 AM.

  8. #8
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    can u post the link at the bottom of the article please ?

  9. #9
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    Quote Originally Posted by Will-it-happen? View Post
    hurrah !!!

    Money back !!!

    who knows, maybe Standard Chartered are back in the game to buy Warka

    also we will get our missing dividends from IBSD
    Standard Charter No... even before i posted here that WARKA BANK will raise again but nobody believed on me
    remember my post: CBI need Warka = RV
    i posted also that we will received a letter from this bank (WARKA) regarding to our investment (dinar and stocks)
    what else? you will know next month.... hehehe

  10. #10
    Supporter and Investor! haggisbasher's Avatar
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    LINK PLEASE,NEED to SEE IT.THX.

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