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The Companies Registration Department grants a certificate of incorporation
October 24, 2019
The Central Bank of Iraq announces to the Department of Companies Registration at the Ministry of Commerce the certificate of the establishment of the Iraqi company to ensure deposits / mixed contribution, in accordance with the provisions of Article (19) of the Companies Law No. (21) for the year 1997 amended.
The Iraqi company was established to guarantee deposits with the contribution of (42) banks, and the number rose after the IPO session to (63) banks, including (7) government banks and (40) private Iraqi banks, and (16) Arab and foreign banks, in addition to (4) companies Government and mixed, as well as the National Retirement Authority / State Pension Fund, where the capital of the company (100) billion dinars.
It is noteworthy that the deposit guarantee companies found to support efforts in stabilizing the financial and banking system inside Iraq.
Central Bank of Iraq
24 October 2019
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