08/12/2011Trade Bank of Iraq recover $ 550 million in loans last financial
Baghdad, enable the Trade Bank of Iraq to restore $ 550 million U.S. until the end of last month in the form of financial loans granted to Iraqi companies and individuals, indicating that past to recover the full amount awarded in earlier according to the mechanisms of "non-bank" and without warranties .
The General Manager of the bank Hamdiya dry Kurdistan News Agency (Rn) that "all workers in the Trade Bank of Iraq take pride in the recovery of $ 550 million U.S. dollars out of the billion dollars had been granted earlier loans money to Iraqi companies and individuals in accordance with mechanisms of non-bank."
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Hamdiya and dry, she was a consultant in Rafidain Bank and the government recently commissioned the management of the Commercial Bank of agency after fleeing the former director Hussein Uzri to Lebanon after being accused of wrongdoing said to have cost Iraq a lot of money.
She explained that the dry, "the bank works to recover the full amount in the coming period," indicating that "the financial loans worth one billion dollars awarded without obtaining guarantees from beneficiaries."
She added that the dry "volume of work with foreign companies is less than Iraqi companies, so problems with foreign companies less."
The Uzri had fled out of the country last June after it said an investigative committee formed by Maliki, made up of the Integrity Commission and the Office of Financial Supervision and the Ministry of Finance and experts, that the Director has committed offenses cost Iraq a lot of money, and the Committee transmitted its report to the judicial authorities.
According to what has been disclosed, there are facilities to deal with Uzri in the granting of bank guarantee and without regard to loan guarantees.
The fight against corruption was one of the most prominent demands that came out for her massive demonstrations in Baghdad and other Iraqi provinces since February last, and also demanded the provision of services and employment opportunities.
Corruption is a major problem has plagued Iraq after 2003, where he put the corruption index for 2010 published by Transparency International, Iraq among the most corrupt countries in the world.
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