Friday, June 1, 2018

Finance Bank under investigation. Problems to be solved within months


The Higher Banking Commission, which is the judicial arm of the Central Bank (BDL), has instructed the newly appointed general manager of Finance Bank to investigate suspected wrongdoing at the bank and to prepare a recovery plan.

The Commission appointed Nadim Rahal in April as General Manager of Finance Bank after it discharged the bank's board of directors and its previous Chairman Hassan Farran. The move came after Iraqi authorities took legal action against Farran on bribery allegati...

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