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The Central Bank reveals the number of troubled private banks

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The Central Bank reveals the number of troubled private banks

Post by claud39 on Wed Dec 12, 2018 6:00 pm


The Central Bank reveals the number of troubled private banks


[rtl]The governor of the Central Bank of Iraq Ali Alalak, on Wednesday, the existence of five banks stumbling in Iraq, noting that the number of troubled banks is small for the total number of about 70 banks.[/rtl]
[rtl] "The number of troubled banks  reached  5 to  date out of 70 working banks, " Al-Alak said in a news briefing . "The comparison of the number of banks with the  total banks operating in Iraq is very normal," he said.[/rtl]
[rtl]He added that 'banks face challenges with the existing general conditions, on the other hand there are many problems related to the commitment of citizens to banks and conditions associated with security and political and other degradation, there is a violation of the law and non-commitment to pay.'[/rtl]
[rtl]He added that 'most  borrowers do not pay their premiums, as there are more than 6 trillion dinars ($ 5 billion) of non-performing loans, out of 37 trillion dinars'.[/rtl]
[rtl] " During the financial crisis that passed through Iraq, we had worrying indicators linked to about 10 banks, and we entered the line and put some procedures and amendments and we were able to address a number of problems and left only 3 to 4 banks need some treatments.[/rtl]

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