Iraqi National Bank: We received 3.2 million dollars from the branch of the Central Bank in Erbil

by **RamblerNash** Fri Mar 02, 2018 12:27 am

Iraqi National Bank: We received 3.2 million dollars from the branch of the Central Bank in Erbil

Logo of the Iraqi National Bank

01/03/2018

Economy News Baghdad:

The Iraqi National Bank announced that the adequacy of the capital amounted to 106.65% during the year 2017, stressing that the bank received 3.2 million dollars and 36.5 billion dinars of its assets with the branch of the Central Bank in Erbil.

In reviewing the accounting records and reviewing the nature of the banking operations carried out by the bank during the fiscal year, specifically in the matter of auditing and disclosures prepared for the purpose of calculating capital adequacy, the bank said that the ratio of capital reached 106.65% Based on Article 16 of the Banking Law No. 94 of 2004.

He added that "the bank's balances with the branches of the Central Bank in both Erbil and Sulaymaniyah have not been exploited in the operations," stressing that "the bank received during the month of August 2017 $ 3.2 million in addition to the amount of 36.5 billion dinars of his assets with the Central Bank of Iraq in Erbil" .

http://economy-news.net/content.php?id=11330