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 Financial: bankrupt banks are unable to repay the deposits of citizens and granted loans without guarantees of officials

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Ponee
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PostSubject: Financial: bankrupt banks are unable to repay the deposits of citizens and granted loans without guarantees of officials    Mon Jul 29, 2013 10:34 pm

Financial: bankrupt banks are unable to repay the deposits of citizens and granted loans without guarantees of officials


Baghdad–Awan
22/07/2013-1: 47 PM




The parliamentary Finance Committee, revealed Monday, the inability of banks Eligibility "Bankrupt" to pay deposits of citizens, accusing the Warka Bank loans without collateral to influential people over the telephone, officials with the Commission on economy and investment demanded representative need to amend certain paragraphs of legal private banks and the Central Bank.

She said the parliamentary Finance Committee member Magda Tamimi told of "time" that the Committee had received many complaints from citizens unable to land as the bankrupt to pay their deposits ", describing it as" dangerous "," party loses the confidence of the citizen in dealing with Iraqi private banks, adversely affecting the country's economy".

She noted that "there are banks, most notably the Warka, loans by phone without guarantees, particularly for influential people in State officials, emphasizing that the" owners of these banks are investing in another country, what yglahm to fraud, because of poor supervision".

Tamimi has revealed that "the Commission intends to host DJTJ Private banks and Central Bank Governor next week To search In the law of private banks" She said, adding that" the Commission has the intention to hold a conference or workshop For the purpose of issuing or amending laws".

She noted that "The Finance Committee deliberated with the Governor of the Central Bank Reality Private banks experiencing problems" She said, adding that "Such practices and such a working environment Represent Bad and serious indicators on economic activity in the country، Because the investor will lose the confidence of the financial deal with banks".

In turn, the The Parliamentary Committee on the economy and investment agreement with the parliamentary Finance Committee, The need to modify certain paragraphs of legal private banks and the Central Bank.

Committee member MPSalman al-Musawi of "time", "some legal clauses Private banks and the Central Bank، Disrupt the economic process in the country".

He noted that "Iraqi banks ranged in their place, and we need to support institutions for the development of the economic process, and this in turn requires large banks and insurance companies".

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.burathanews.com%2Fnews_article_203879.html

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PostSubject: Re: Financial: bankrupt banks are unable to repay the deposits of citizens and granted loans without guarantees of officials    Fri Aug 16, 2013 11:27 pm

Ponee have you checked your Warka account lately to see if there are any changes that reflect what the gurus are saying?
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