Rafidain Bank wins membership of the Iraqi Deposit Guarantee Company
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Rafidain Bank wins membership of the Iraqi Deposit Guarantee Company
by claud39 on Tue Dec 03, 2019 6:28 pm
[size=35]Rafidain Bank wins membership of the Iraqi Deposit Guarantee Company[/size]
2019-12-03
[size=35]
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The bank said in a statement received Alsumaria News a copy of it, it won "membership of the Iraqi company to ensure deposits, a joint stock company with a capital of 100 billion dinars in the presence of the Central Bank of Iraq and banks and financial institutions."
The bank pointed out that the number of shares of the company distributed between 25% of government banks and 30% were distributed between commercial banks and foreign branches and the National Retirement Authority, while 45% of the shares were offered for public subscription.
He added, "This company is one of the most important companies established at the moment because it aims to protect depositors and preserve their rights and restore confidence to the banking sector and encourage savings and awareness of the public system to guarantee deposits inside Iraq and manage the process of compensation of depositors efficiently and effectively."
The Council of Ministers approved, in 2016, the issuance of the system of guaranteeing bank deposits provided by the Central Bank of Iraq and audited by the State Shura Council, with the failure to include government deposits in government banks provisions of the system.
https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/326857/%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%B1%D8%A7%D9%81%D8%AF%D9%8A%D9%86-%D9%8A%D9%81%D9%88%D8%B2-%D8%A8%D8%B9%D8%B6%D9%88%D9%8A%D8%A9-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9-%D9%84%D8%B6
2019-12-03
[size=35]
[/size]
Rafidain Bank announced on Tuesday that it won the membership of the board of directors of the Iraqi Deposit Insurance Company along with other banks in elections held at the headquarters of the Association of Private Banks.
The bank said in a statement received Alsumaria News a copy of it, it won "membership of the Iraqi company to ensure deposits, a joint stock company with a capital of 100 billion dinars in the presence of the Central Bank of Iraq and banks and financial institutions."
The bank pointed out that the number of shares of the company distributed between 25% of government banks and 30% were distributed between commercial banks and foreign branches and the National Retirement Authority, while 45% of the shares were offered for public subscription.
He added, "This company is one of the most important companies established at the moment because it aims to protect depositors and preserve their rights and restore confidence to the banking sector and encourage savings and awareness of the public system to guarantee deposits inside Iraq and manage the process of compensation of depositors efficiently and effectively."
The Council of Ministers approved, in 2016, the issuance of the system of guaranteeing bank deposits provided by the Central Bank of Iraq and audited by the State Shura Council, with the failure to include government deposits in government banks provisions of the system.
https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/326857/%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%B1%D8%A7%D9%81%D8%AF%D9%8A%D9%86-%D9%8A%D9%81%D9%88%D8%B2-%D8%A8%D8%B9%D8%B6%D9%88%D9%8A%D8%A9-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9-%D9%84%D8%B6
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