SUNDAY, FEBRUARY 19, 2012
detection Trade Bank of Iraq, Sunday, for his open 180 depending of the Ministry of Industry in 2011, attributed the delay in the appropriations in general to convert foreign currency to the dinar and error in filling out forms.
The Director of the Trade Bank of Iraq agency Hamdiya dry in a statement to “Twilight News”, “Trade Bank of Iraq issued in 2011, more of 610 credits for the benefit of the country’s ministries and the value exceeded 13 billion U.S. dollars, and the share of the Ministry of Industry and configurations 180, depending,” adding that “Trade Bank of Iraq received 44 depending more and the value of 208 million U.S. dollars, and depending on the deployment of the 136 private banks and the value of more than U.S. $ 98 million.”
She explained that “the instructions of the Economic Commission of the Council of Ministers provides for the conversion of all the credits with a value less than one million U.S. dollars to private banks operating in Iraq,” indicating that “these banks are not subject to the control of the Trade Bank of Iraq.”
For his part, the official follow-up affairs ministries in the bank Mohammed Shakir Mahmoud’s “Twilight News”, “convert dinar to the dollar and the lack of allocation in some cases, or there are some errors in filling the form issued accreditation by the student version of the accreditation, all lead in some cases to the late issuance of some credits. “
The Trade Bank of Iraq, is the Bank of Iraqi government was established in July of 2003 with a capital of U.S. $ 100 million, has been raising capital from profits accumulated in 2008 to half a trillion dinars, and plans to the concerned authorities raise the capital to a trillion Iraqi dinars.
He has won the bank many awards the most important award for best bank for trade in the Middle East for the years 2007, 2008 and 2009 and 2011 have been classified magazine The Banker English, which is part of the Financial Times in English Trade Bank of Iraq of the largest 418 bank in the Middle East.