Shafaq News / The Central Bank of Iraq announced on Sunday that the fines imposed on banks and non-banking institutions ( exchange companies) amounted to more than 104 billion Iraqi dinars during the past nine months.
A table of the bank, seen by Shafaq News, showed that the fines imposed on banks and financial companies during the past nine months and starting from January, and until September amounted to 104 billion, 769 million, 332 thousand and 606 dinars, indicating that “the fines also included 348 administrative penalties for these banks and non-banking institutions distributed between warning, warning and halal.”
The table indicated that “April witnessed the highest fines for banks and non-financial institutions, as these fines reached 17 billion and 440 million, 383 thousand and 447 dinars with administrative penalties amounting to 17 penalties, while June witnessed the lowest fines, reaching 8 billion, 353 million, 387 thousand and 476 dinars with administrative penalties of 50 penalties.”
The table did not show the names of the banks on which fines and administrative penalties were imposed.
The Association of Investors in the Iraq Stock Exchange criticized in early June the Central Bank of Iraq increasing fines on banks, noting that it will affect the profitability of investors in the shares of these banks.
https://shafaq.com/ar/اقتصـاد/كثر-من-100-مليار-دينار-غرامات-المركزي-العراقي-على-مصارف-وشركات-صرافة
