Last Updated: Friday, November 09, 2012 11:00:00
Vietnam faces “high risks” that inflation will accelerate toward the end of the year as the government strives to spur lending and help businesses, according to a central bank official.
“The central bank will manage its monetary policies in a manner that can bring down lending interest rates to help businesses,” Do Thi Nhung, deputy head of the monetary policy department at the central bank, told a conference in Hanoi Monday. (more…)
Date: 2012-10-01 13: 57: 08 Monday
Baghdad (newsletter) … According to economy and Investment Committee member MP/Iraqi/coalition nahida aldaini, the inability of the State commercial banks to meet the requirements of investment and economic process alone in the country, due to a lack of capital, to encourage global banks to open branches in Iraq to contribute to the economic development.
(more…)
11/09/2012 13:57
DIYALA, Sept. 11 (AKnews) – A member of the Economy and Investment Committee in the Iraqi council of Representatives urged the government to establish an international Iraqi bank, saying the bank will be a success in granting loans. (more…)
Last Updated: Saturday, September 01, 2012 02:05:00
Vietnam’s bad debts rose to 8.6 percent of total loans at the end of March. It will take a long time to reduce non-performing loans in Vietnam because the problem has taken root over several years, said the International Monetary Fund, once again urging banking reform. (more…)
Date: 27/08/2012 12:54:18 Monday
Baghdad (news) .. Proposed economic expert Dargham Muhammad Ali, the use of card Platinum credit (smart card) in major markets to ensure capacity use.
said Ali (of the Agency news) on Monday: The issue of TBI card Platinum credit to the public that can be used in banking and deposit and credit and payment Loans Z convergence large turnout to lack of familiarity customers on how to use them, explaining, that dealing in major markets and restaurants will know the public. (more…)
BAGHDAD – News Network Iraq – blamed the Iraqi Ministry of Finance Saturday reasons to stop granting housing loans to employees to the scarcity of cash, noting that the main reasons for the scarcity of liquidity delay deducting departments of accounting in the country’s ministries of loan installments and receive from those with high grades while confirming that the premiums that reached the bank Rivers of those loans did not reach 5%. (more…)
Wed, 15 Feb 2012
Announced branch of the Rafidain Bank in the province of Dhi Qar stopped granting loans from the 15 of February, running until further notice, at the direction of the Ministry of Finance in the federal government.
He said the branch manager Hussein Abadi Nasiriyah News Network that the decision excluded the commercial loans, credit facilities and loans that have obtained the official approvals before this date. (more…)
VietFinanceNews.com – Industry insiders are expecting a more stable dong-dollar exchange rate and stricter dollar lending in 2012.
In early 2012, State Bank (SBV) governor Nguyen Van Binh confirmed the foreign exchange market would be on an even keel with the dong-dollar exchange rate fluctuating between 2 to 3 per cent in the year.
Binh also forecast a surplus of around $3 billion in the country’s general balance of payments in 2012.
SBV’s Ho Chi Minh City branch deputy director Nguyen Ngoc Thang assumed the city’s foreign currency market was relatively stable with a sharp fall in dollar speculation against some previous years. (more…)
Translated by Iraqdirectory.com – [1/2/2012]
In a remarkable development the central bank revealed of its intention to subject the Iraqi Trade Bank of Iraq (TPI) to the guardianship of it in case that it did not improve its financial situation in a few months, stressing the need to restore all the bank loans and build a new lending policy.
The deputy governor of the Central Bank Mudher Mohammed Saleh said that the bank was founded in mysterious circumstances by decision of the civil administrator Paul Bremer and the company of the Council of Ministers until a short time in 2006, now under the supervision of the Central Bank and because of his own exposure to many problems, and because of what it suffered from big loans without pay, which amounted to one billion dollars. (more…)
Central does not preclude the imposition of the commandments of the Trade Bank of Iraq
Baghdad, 21 December / December (Rn) – The Central Bank of Iraq Wednesday and the possibility of imposing guardianship on the Trade Bank of Iraq in the event of TPI administration, unable to retrieve the rest of the bank loans obstructed. Stressing that the recovery of 50% of which is a good step.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Trade Bank of Iraq if it has suffered from liquidity problems are temporary and due to loans obstructed granted by the previous administration could have a central bank lending to the bank to meet liquidity after the approval of the Minister of Finance by 20% of the bank capital. ” (more…)
Baghdad, December 9 (Rn) – confirms the Director General and Chairman of the Board of Trade Bank of Iraq the (TPI) Hamdiya Mahmoud dry that its bank is not under any political pressure, saying in his interview with the correspondent of the News Agency of Kurdistan (Rn), to seek coordination with stakeholders to double the capital of the bank (500) trillion dinars in order to broaden the base of his dealings as well as increase the number of branches internally and externally in accordance with the priorities of the investment.
* Any entity subject to the Trade Bank of Iraq and any law regulating the work, and what are his duties?.
- Trade Bank of Iraq is a bank established in 2003, according to its law No. 20 of the CPA dissolved at the time, and on his law, he has the Board of Directors, and today is the third-highest executive authority in the country, the prime minister of Iraq, the goal of establishing the bank is to be the interface of Iraq’s financial direction abroad, including transactions for the Iraqi state with the outside world because the Rafidain and Rasheed, and the two problems of international debt, and a short period of work of the bank has achieved significant goals is the bank is the first in oil transactions for the Middle East. (more…)
On: Wednesday 09/07/2011 13:04
Baghdad (news) .. called the consultant in industrial development Amer Jeweler government to the need to accelerate the issuance of law institutions to support small and medium industrial and granting them loans through the activation of industrial banks in order to promote the industrial sector.
He said the jeweler to the reporter (Agency news) on Wednesday: The government should move towards a law to support industrial enterprises and small and medium-speed and accelerate, in order to promote this vital sector, calling for the need to activate the work of banks, industrial and loans them and be guaranteed by the plant or equipment of the company or the lab, Makdaaly that the project is currently under study and its working procedures will be long to be up to parliament for approval therefore demand accelerated issuance.
August 4 2011
Iraq’s public debt loans are becoming increasingly popular among hedge fund managers and wealth fund managers as the country’s economic outlook and political landscape improves, Exotix said yesterday.
The Paris Club agreement was set up in 2004 to restructure Iraq’s pre-Saddam era public debt of US$37 billion, of which creditors agreed to cancel 80 per cent, while the remaining $7.4 bn was rescheduled into a series of loans denominated in several currencies.
“Some of the loans which were held by governments around the world have been sold at their market price to secondary markets,” said Gabriel Stern, a senior economist at Exotix, the investment bank based in London. “The investors are ones who can afford to be in an illiquid instrument, which trade every couple of weeks,” he said. Mr Stern has a “buy” rating on the loans.
Amortization of loans and support the private sector during the next three years
09/07/2011
Seeking strategic budget for the next three years to amortize loans accumulated deficit reduction and private sector support, according to a statement issued by the Office of the Deputy Prime Minister for Economic Affairs Ruz Nuri Shawis.
The statement has been received by the “morning,” a copy of it, the Committee on Economic Affairs Supreme examined at a meeting yesterday First, the federal budget strategy for the next three years.
Advisor confirmed the CBI, that the government loans granted to staff in the public sector should be exploited for economic development purposes and not for consumer purposes.
He said the appearance of Mohammed Saleh said that “government loans granted by the Ministry of Finance to the number of staff from the ministries of the State is supposed to be exploited for purposes of economic development to evaluate the Iraqi economy and elevate it to integrate into the global market, not consumer projects.” He added that “the granting of loans by the government contribute to reducing the economic gap and address the part of the phenomenon of inflation is still relatively high.”
The definition of small and medium enterprises appear mixed at the regional level and international Perhaps the reason is the presence of a difference in the social and economic structures from state to state as well as differences in the criteria set for the format of the project. Some economists finds that the definition should focus on quantitative indicators such as capital and labor and some of them depend the specific qualities of the sizes of the various projects as a productive art practice and pattern of management productivity.
On: Sunday 13/03/2011
Baghdad (news) .. Criticized the economic expert on behalf of the beautiful political banks to grant loans to the degrees of private and ignore the rest of the staff. The name of the statement (of the Agency news) on Sunday: “The economic policy in Iraq Germouhdp and non-fixed and there is a contradiction between the position and another in the ministries and departments, and that the policy pursued by the banks to lend to certain groups such as special grades and grades of staff to leave the Central policy is incorrect and influence to create confusion in the economy. “
Economic : General Manager of the bank loans .. staff stopped and has not canceled
The general director of the Rasheed Bank, the financial loans, which was distributed in earlier times between the employees and retirees stopped has not been canceled, explaining that the bank still gives a number of loans, including per cent of the salary of employees who meet the requirements to do so, as announced the accession of good to the Union of Arab Banks representing the rest of the Iraqi private banks and government
