Parliamentary Finance Warns of Bankruptcy of Some Banks
|September 28, 2014||Filled under Iraqi Banking News|
Iraqi Banking News –
Warned the parliamentary finance committee, the exposure of some government and private banks in areas controlled by armed groups into bankruptcy, called upon the government and the central bank to develop a mechanism to save those banks.
The committee member said MP Faleh told Djiashi / JD /: “Some branches of private banks and the government had been looted in hot areas by organizing Daash elements, especially in the provinces of Mosul and Anbar and Salah al-Din.”
He added: “The federal government and the central bank, demanding the setting up a mechanism to save those banks through financial support in the form of advances, to be repaid after achieving revenues of banking and fulfill all of its obligations and commitments.”
Noted that some areas of the provinces of Mosul and Anbar and Salahuddin are subject to the control of the elements of organizing the so-called “Islamic state”, since June 10 and last until now.
The reports indicated that the international organization “Islamic State” is one of the richest terrorist organizations, especially after some of his control over the oil fields, and he seized 450 million dollars from the government and private banks in the areas under their control.
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