Central Bank: Mesopotamia and two bad assets set aside good prelude to liquidation



02/11/2017


Economy news Baghdad:


The Central Bank Governor, said the relationship, that Rafidain and Rashid have two branches of poor preparation for assets liquidation and prepare budgets.

He said the relationship, in an interview for the magazine "business and economy" and "economy" informed, that "the first Central Bank in coordination with the Ministry of finance, great importance to the development of Government banks especially Rafidain and Rashid to find a strong Government and security sector and a sophisticated and transparent banking standards works International ".

"The State banks to 95% of the total banking and owns about 65% of total bank branches and holds a 85% of total credits add up to significant external indebtedness incurred to their interface to open letters of credit."

He pointed out that "the restructuring of State banks has come a long way and do the bulk of the paragraphs of the memorandum of understanding and its action plans and the latest draft law State banks which will be sent to the legislative body."

He explained that "Rafidain and Rashid have two branches of branches move to bad assets of foreign indebtedness inherited and other war losses until the filter is clean budget for each of the banks without debt and losses.

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