Central frees "Dar es Salaam" bank reserves and starts to pay portions of amounts 85% of depositors

Author: AB, MJ
Editor: AB, BK

12.2.2016 17:25


Long-Presse / Baghdad
CBI indirect announced repay portions of amounts 85% of the amount of depositors in the "House of Peace" bank by editing the legal reserve, and has pledged to pursue similar steps with the two banks "stumbling" others, while private banks association confirmed that the central bank's actions reduced the number of banks "distressed" from eight to only three, promised that those banks have affected the reputation of the sector.

The Director-General of the Department version and cabinets in the central bank Ihsan Shomran in an interview to the (long-Presse), "The bank was forced to edit part of your troubled banks reserved the legal reserve has to pay off depositors in money," noting that the "step applied to Dar es Salaam which is the largest defaulters, hoping applied to the North Bank of the third and the last. "

He Shomran, that "special committees of the Central Bank is currently paying portions of amounts 85% of depositors in Dar es Salaam, which amounts to billions of dinars Bank", noting that "the bank's reserves are not enough to pay all depositors' funds."

Said Director General of the Department version and cabinets in the central bank, that "the bank will pay the amounts of deposits that do not exceed three million dinars owners," pointing out that "large deposit holders would receive proportions of them in the hope that improves the bank's financial position to pay off the remaining ones."

And on the demonstrations organized by the depositors troubled banks, in front of the central bank, said Shomran, that "depositors believe that the troubled banks, funds reserved for the central bank, and demanding payment of their deposits," stressing that "the central bank depends justice distribution which gives parts of the amount of each applicant to include distribution everybody".

Among Shomran, that "the central bank needs more time to repay the deposits are all deserving," explaining that "the face of the bank book to Dar es Salaam bank owners to know the procedures that will be followed to reimburse depositors have."

In turn, executive director of the Association of Banks of civil Ali Tariq said in an interview to the (long-Presse), said that "some banks eligibility has not adhered to hand over depositors' money to have," noting that "the number of troubled banks fell from eight to only three because the procedures followed by the central bank."

He explained Tariq, that "the central bank supervises himself to solve the problem of the three troubled banks over the extradition of nationals money directly and proportions of certain According to available to those banks have reserves," stressing that "the funds provided by the Central Bank of the assets of those banks that do not suffice depositors all in Ann One".

He predicted, executive director of the Association of private banks, to "repay depositors eligibility banks funds process take longer, although impacted on the claimants of their rights," she returned to "delays caused by lack of financial liquidity for the three banks affected the reputation of the banking sector in general, and 57 banks waged especially ".

He guessed Tariq, that "the central bank goes to sell part of its non-performing assets of banks to repay depositors' money," stressing the need to "reimburse depositors regardless of their size."

Dozens of depositors in private banks, has been demonstrated, in, (the 29th of November 2016), again in front of the Central Bank Building, the center of Baghdad, to demand the fractured deposits troubled banks fund, to recover their money, while accusing the bank of "collusion" with her, they demanded the three presidencies to intervene to address the cause.

It is noteworthy that among the troubled banks, as well as Dar es Salaam, both from the north and the Warka.

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