Warnings exposure of some private banks for bankruptcy
Warnings exposure of some private banks for bankruptcy
9/24/2014 0:00
Experts: Central Bank and Ministry of Finance are urged to rescue plans
Baghdad morning, experts warned in finance and economics from the consequences of exposure of some private banks to huge losses may lead to declare bankruptcy in hot areas that are exposed to terrorist attacks by gangs Daash.
said President of the Association of private banks in Iraq Wadih Handal’s “morning” that “private banks face the problem of debt repayment by borrowers because of the events taking place in the provinces of hot and threatening to declare bankruptcy each other.”
For his part, warned a banking expert Mohamed Ali Jaber, Managing Director of the Bank of Baghdad from the declaration of bankruptcy of some banks likely portends danger because of the lack of clarity of the situation and that the majority of creditors have been subjected to displacement is difficult for them to repayment at the present time.
For his part, economic expert d. The appearance of Mohammed Saleh, said that this debt is not distressed only but impossible debts in the short term, and select two ways to resolve the first an “adoption hedges budget of each bank and to the possibility of offset of the profits of the next year,” “In the event of continued losses to the extent of bankruptcy could boost liquidity by the Central Bank to provide soft loans with long-term government bonds or symbolic benefits of hindsight when the crisis as a second “.
alsabaah.iq
