Director of the Warka Bank denies bankruptcy of the bank

Director of the Warka Bank denies bankruptcy of the bank
.. Warka bank manager denied Iraqi reports that his bank was bankrupt because the Bank is supported by the Central Bank of Iraq, accusing some of the competitors of conducting a campaign to tarnish his reputation and helped some of the media to promote those rumors.
.. The Managing Director of the Bank of Warka Mohammed al-Samarrai told a news conference in Sulaimaniyah, said that his bank was a campaign to discredit him by competitors Mordin, with the media's promotion of such rumors, did not refer to the identity of competitors.
.. Samarrai said that the bank is supported by the Central Bank of Iraq and can not talk about the bankruptcy, noting that any confusion or work to spread rumors will affect the private banking sector in light of the unsettled political conditions in the country. .. The manager of the bank to the private sector is relied upon in building the country, and is the private banking sector is the backbone of the economy of any country, pointing out that the development of states measured by the development of its economy, as he put it.

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Source: suspension of all transactions Warka Bank branches
20/09/2010 03:41 09/20/2010 03:41


.. Basra, September 19 (Akaniwz) - complained about a number of local residents and Iraqi traders in the province of Basra from the way it treats the Warka Bank Ahli Recently, with official source in a branch of Bank Central Bank of Iraq issued an order to cease all dealings branches Warka until decide that the committee overseeing the Warka Bank this topic.

.". Said Mohammad Rahim Ragab (dealer) told Kurdistan News (Akaniwz) on Sunday, "I deal with Warka Bank for more than a year, where did they deal with customers on a good level, but recently turned all parallel." .". He explained that "the large sums that are deposited in the Warka Bank became trapped and I can not withdraw their payments do I need in my work, which requires me to permanent financial liquidity." .ق.He added that "the way pursued by Warka Bank in recent times by giving us small amounts and in the form of payments did not meet our need for traders in the market."

اما.". The citizen says Abdel Wahab Mahmoud told (Akaniwz) "We left the government banks in order to get the best deal and more benefits with private banks."

وأضاف .". He added, "Warka Bank will cause people moving away from private banks, especially since he Italm Biidaatna and invest in his own work and turn blind us to these funds can not be retrieved only through a few batches are not consistent with the amount of funds deposited by us in the bank."

.". While he says the press for the return of peace (Akaniwz) that "most journalists and media workers, particularly those working in media institutions outside the province of Basra or outside Iraq receive their salaries through the current accounts in banks, notably the civil Warka Bank."

.". He explained that "all branches of the Warka Bank in Basra to refrain from paying full salaries to journalists, but fragmented into two or more."

.". He added, "Media and the employee is not a dealer or a businessman to take on the financial crisis as he was waiting for a specific amount at the end of the month to subsistence livelihood is unjust and unfair to withhold funds or pay him in the form of payments are very few."

م.". For his part, an official at a branch of the Warka in Basra (l Akaniwz) that "the Warka Bank is going through a financial crisis, the fact that the scarce funds to be deposited in the bank are not sufficient to meet the requirements of customers."

.". He added that "the bank's administration recently decided to walk alia clients as possible through the provision of the required amounts in the form of payments."

.". However, "But even this ended as of the day after that we got a formal letter from the Central Bank was not to act until after the amounts provided to the Committee overseeing the Warka Bank official request shows the names of customers and the amount of obligations."

.". "The book also provides that the exchange will be a decision of the supervisory committee and at rates as it deems appropriate and fair."

.". Noting that "the supervisory committee called Warka Bank by providing them with an official letter that contains all of the amounts derived from credit and the amounts deposited by customers a week."

.". In the same context, the source stressed that "the province of Basra alone, 13-branch of the Warka Bank which makes the jobs of dozens of staff of Warka in danger against the backdrop of the repercussions of the crisis experienced by the bank."

و.. This declined to branch manager of the Shatt al-Arab Sudanese Majed Hameed, to give any statement to the Agency (Akaniwz), saying that the central problem and include all provinces and senior management is only responsible for the comments
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