Iraqi Company for Bank Guarantees
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Central Bank of Iraq Approves ICBG Conversion into a JSC

May 7, 2009

Monday 18 May 2009

Central Bank of Iraq Approves ICBG Conversion into a JSC May 7, 2009. In a letter addressed to ICBG, the Central Bank of Iraq has recently approved the conversion of ICBG into a Joint Stock Company (JSC). The conversion is considered an important step toward widening the membership base and fostering the principles of transparency and accountability before shareholders and donors. Central Bank of Iraq Directorate General of Credit& Banking Supervision DateReference No: 9/3/1974 Attention: (...)

Central Bank of Iraq Approves Special Provisioning on ICBG Guaranteed Loans

May 7, 2009

Monday 18 May 2009

Central Bank of Iraq Approves Special Provisioning on ICBG Guaranteed Loans May 7, 2009. The Central Bank of Iraq has taken a progressive step toward exempting the ICBG guaranteed portion of SME loans from normal provisioning requirements. ICBG has been working on this issue with CBI for some time, and CBI has favorably responded to their request for this special provisioning treatment. Please see below the CBI regulation communicated to ICBG: Central Bank of Iraq Directorate General of (...)

ICBG Holds its Annual Assembly Meeting

February 4, 2009

Monday 18 May 2009

ICBG Holds its Annual Assembly Meeting February 4, 2009. ICBG held its first annual general assembly meeting for the year 2009. The meeting reviewed the progress made by the company in meeting its objectives. The meeting was attended by representatives of all ICBG banks, USAID/Tijara Project, and ICBG’S external auditor. The meeting reviewed the 2008 audited financial statements and expressed its satisfaction that ICBG has satisfied all conditions set by the USAID Grant Agreement. The (...)

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