Dry: trillion dinars capital TBI

Dry: trillion dinars capital TBI

09/26/2012 12:00 am

Restore billion dollars of bad debts
BAGHDAD – morning confirmed TBI approval General Secretariat of the Council of Ministers to increase the bank’s capital to trillion Iraqi dinars basis of the request by the bank to increase capital in order to expand the work and increase the activity of financing trade, meanwhile, announced the bank recoverable billion dollars of non-performing loans granted by the previous administration without guarantees, and set up lawsuits against Almtlkin in loan repayments. said Director General and Chairman of the Board of Directors of the Bank Iraqi Trade Hamdiya Mahmoud Dry: that the bank was able to obtain approval by the General Secretariat of the Council of Ministers to increase capital Money Bank of the profits accumulated from (500) billion Iraqi dinars to trillion Iraqi dinars. explained dry that this increase will raise the volume of energy bank by increasing the movement of opening letters of credit and expand the scope of work credit and stimulate trade finance, which serves and develop economy new Iraq. It showed that the Bank’s management current managed, to restore billion of loans granted by the previous administration for traders and investors without guarantees, “noting that the bank held a number of lawsuits against Almtlkin in repayment. indicated dry that there are a number of issues that have been won and there Others in the implementation phase, indicating that the bank has issued a list of Almtlkin unreachable because of giving addresses and fake will be published names in the countries that are present by in order to facilitate the process of re All amounts. and indicated that the process of conversion of financial both internal transfer or external subject to process anti-money laundering of our bank, which in turn works on such remittances scrutiny and follow-up the data that will convert the amount of money to them.
Source: alsabaah