Central bank: a Warka Bank in terms of "formal" good
BAGHDAD / Bri Center for the Iraqi Media Network : said the Iraqi Central Bank that the financial position of the Warka Bank which is under the tutelage since more than five months of technically good, noting that the bank granted loans of up to more than half a trillion dinars.
The deputy governor of the Bank the appearance of Mohammed's (Brief Center for the Iraqi Media Network) that "the assets of the Warka Bank changing compared with liabilities changing any sense that the best financial position of technically good."
He added the deputy governor that "Warka Bank grants loans substantial financial reach more than 500 billion dinars, and it deposits to the public up to 300 billion dinars, or technically positioned well," but he also said "this is subject to the ability to recover loans."
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He explained that "the Warka Bank has sued to collect loans worth ranging between (120-130) billion dinars, can not be considered that all loans can be recovered."
He continued that "the general situation of the bank depends on the report of Sergeant foreigner who has been working for months on the liquidation of the assets of the bank and prepare a detailed report handed over to the Central Bank."
The Central Bank of Iraq has decided to put the Warka Bank Ahli Investment under guardianship in March after suffering a financial setback and financial inability to repay its creditors.