Central Bank to take a number of corrective decisions on the conditions of eligibility 8 banks

Author: AR, HH
Editor: AR, HH
06/12/2016 12:40
Number of Views: 576

Long-Presse / Baghdad

The Central Bank of Iraq, on Sunday, to take a number of corrective decisions to eight community banks, while gave it three months to implement them.
The central bank said in a statement received (range Press), a copy of which, "The Board of Directors has taken a number of corrective action to the situation of some banks and gave it three months to implement them."

The bank said, "The Iraqi Central Bank management, committed eight banks to deposit amounts in excess of 500 billion dinars to enhance liquidity and to respond to requests from depositors," noting that "the Council committed members of the boards of private banks administrations to re-money previous loans from their banks and registration of registered real estate names names banks. "

The Prime Minister Haider al-Abadi decided, on Tuesday, (the seventh of June 2016), exemption of bank governance managers Hamad Abdul Wahab, and Mesopotamia on behalf of al-Hassani and commercial Hamdiya dry industrial Kazem fistula and agricultural Mohammad Hadi al-Khafaji and real estate Khudair Abbas, as expressed Finance Minister Hoshyar Zebari his objection to the decision.

It is noteworthy that the banking system in Iraq consists of 54 banks as well as the Central Bank and distributed according to property between the seven state-owned and 23 private businesses, including Islamic nine in addition to the 15 branches of foreign banks.