During 2024.. The Central Bank of Iraq imposes fines worth 279 billion dinars on banks and exchange offices
During 2024.. The Central Bank of Iraq imposes fines worth 279 billion dinars on banks and exchange offices
2025-01-12 00:52
Shafaq News/ The Central Bank of Iraq announced, on Sunday, imposing fines on banks and non-banking institutions (exchange companies) amounting to 279 billion Iraqi dinars, during the year 2024.
A table of the bank, which Shafaq News Agency reviewed, showed that the fines imposed on banks and financial companies during the past year amounted to 279 billion, 144 million, 977 thousand, and 628 dinars, indicating that “the fines also included 238 administrative penalties for these banks and non-banking institutions, distributed between warnings, alerts, and grace periods.”
The table showed that “January witnessed the highest fines on banks and non-financial institutions, as these fines reached 98 billion, 277 million, 722 thousand and 62 dinars, with 17 administrative penalties, while September witnessed the lowest fines, reaching 2 billion, 331 million, 465 thousand and 48 dinars, with 13 administrative penalties.”
The table did not show the names of the banks that were fined, nor the nature of the administrative penalties.
The Iraqi Stock Exchange Investors Association had criticized the Central Bank of Iraq’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks.
shafaq.com
