Central Bank puts the Economy Bank for Investment “under guardianship”
Central Bank puts the Economy Bank for Investment “under guardianship”
05/06/2014 (00:01 pm)
Baghdad / term-Presse put the Iraqi Central Bank, on Wednesday, Economy Bank for Investment under guardianship, while pointing to his eagerness to promote the bank and protect its customers, said a banking source put the bank watchman financially inventory of bank assets and the development of a two-step for the advancement of him or final liquidation after payment of the money his customers, While called the Association of private banks, the central bank to help the Bank of the economy to return to the banking sector to “force.” the central bank said in a statement received (range Press), a copy of “the central bank governor and a number of bank officials met with the chairman of the Bank of the economy The Managing Director and they discussed about the possibility of taking the necessary measures for the advancement of the bank to maintain financial and service customers. ” The statement added that “the representatives of the Central Bank undertook the task of overseeing the effective management Economy Bank for Investment and Finance.” For his part, said a banking source said in an interview (range Press), “The Central Bank imposed trusteeship Bank of the economy to invest because of the loss of the last of the liquid financial impact of problems in the property management and other financial services, “noting that” the central bank put a sergeant financially Bank mission inventory bank assets of Real Estate and the sums of money in order to prepare lifted to the Department of the Central Bank. ” added the source, who asked not to be named, said: “If proven the existence of the possibility of the revival of the bank again through a number of assets of amounts and properties, the central bank would take steps for the advancement of the bank and the first step is to develop and deposit money from the central bank to manage the services of the bank, as well as the payment of debts of the bank, and the second step is to put a deposit long-term financial by the Ministry of financial (deposit-governmental organizations), to walk to the conditions of the bank, while the promotion of own reality. ” The source continued that “in the event of insufficient assets of the bank, the central bank will liquidate the bank after a final meeting the obligations of its customers.” For his part, President of the Association of private banks Abdul Aziz Hassoun, said in an interview to the (long-Presse), “We expect good by the management of the bank Central to the advancement of the Bank of the economy because the central is the sponsor of the private banks, and does not accept certainly lose any bank, “calling on the central bank to” the need to help the bank to return to the banking sector strongly because of the banks strong in the Iraqi market. ” and established Bank of the economy to invest in 1999/3 / 22, as has been included in the stock market on 01/02/2005, and the bank has 50 branches located in different provinces of Iraq with a capital of one hundred and fifty billion Iraqi dinars.
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