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Tag Archives | Iraqi Private Banks League

Warka Bank placed under 'Guardianship'

By on 5th March 2012 in Iraq Banking & Finance News

Iraq's central bank has reportedly placed private bank Warka Bank under guardianship to supervise it through insolvency. Warka Bank had been in talks with Standard Chartered Plc to sell a stake last year, but they were not successful. According to the report from Reuters, Mudher Kasim, deputy governor of the central Bank of Iraq, said: […]

Iraqi Banks Struggle with Limited Services and Capital

By on 22nd July 2011 in Iraq Banking & Finance News

Reuters reports that it's a tough road ahead for Iraqi private banks required to raise their capital to boost business as they battle against decades of state dominance to win a slice of the asset base from government-run enterprises. It blames a poor credit culture, the lack of a modern banking system, and the dominance […]