Central: Warka Bank in terms of ‘formal’ good

Central: Warka Bank in terms of ‘formal’ good

08/28/2012 12:00 am

BAGHDAD – morning
said the Iraqi Central Bank that the financial situation of the Warka Bank which is subject to tutelage for more than five months of technically good, noting that the bank granted loans of up to more than half a trillion dinars. said the deputy governor of the Bank the appearance of Mohammed’s (Center Brief Network Iraqi media) that «assets Warka changing compared with liabilities changing best any sense that his financial situation of technically good». said Deputy Governor that «Warka Bank grants loans substantial financial reach more than 500 billion dinars, and it deposits to the public up to 300 billion dinars technically put good », but he also said« this is subject to the ability to recover loans ».
explained that «Warka Bank has sued to collect loans worth ranging from (120-130) billion dinars, can not be considered that all loans can be recovered ».
Source: alsabaah