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IRAQ'S CORRUPTION
العربية
People & Institutions

Warka Bank for Investment & Finance

مصرف الوركاء للاستثمار والتمويل

This page sets out what the documents in this archive record about this bank: the legal status on the date shown, the cases, the official registers and the sources.

Legal status as of 4 October 2026

Disciplined by an official body

Fined, suspended or otherwise punished by an administrative body.

What the documents say

Delisted from the Iraq Stock Exchange 15 August 2011 (shares seized by the Ministry of Trade) after failing a Central Bank-mandated capital increase; placed under Central Bank of Iraq custodianship March 2012; custodianship lifted 25 August 2013 after the Financial Services Court ruled in the bank's favour (26 May 2013). No OFAC, FinCEN or later action on the central bank's list of barred banks against it is on record as of September 2026.

Kind
Bank
Roles
  • Then-Iraq's largest private bank

Cases

These are the cases in this archive that name this entry, with the status in each case on the date shown.
Cases
CaseRoleStatus in this caseDetailAs of
Warka Bank: depositor run, delisting and Central Bank custodianship (from 2010 to 2013)Then-Iraq's largest private bankDisciplined by an official bodyDelisted from the Iraq Stock Exchange 15 August 2011 (shares seized by the Ministry of Trade) after failing a Central Bank-mandated capital increase; placed under Central Bank of Iraq custodianship March 2012; custodianship lifted 25 August 2013 after the Financial Services Court ruled in the bank's favour (26 May 2013). No OFAC, FinCEN or later action on the central bank's list of barred banks against it is on record as of September 2026.28 September 2026

Dated events

Each recorded step in the legal record of this entry is listed here in order of date.
  1. 15 August 2011
    Disciplined by an official bodyDelisted from ISX, shares seized
  2. March 2012
    Disciplined by an official bodyCentral Bank of Iraq custodianship imposed
  3. 25 August 2013
    Disciplined by an official bodyCustodianship lifted after court ruling

Documents

No document is filed under this entry itself. These are the documents of the cases that name it. Each quote is given in the language of the document.
  1. MEEDAugust 2011Press reportTier D

    Iraqi bank delisted from stock exchange

    Original
  2. Iraq Business News29 March 2012Press reportTier D

    Warka Bank Saga Shows Iraq Political, Business Tensions

    The bank expanded by giving loans, it appeared collateral for these loans was weak
    Case: Warka Bank: depositor run, delisting and Central Bank custodianship (from 2010 to 2013)
    Original
  3. Iraq Business News2 September 2013Press reportTier D

    CBI 'Lifts Custody' over Warka Bank

    This decision comes in accordance with the decision issued by the court appeal in favor of Warka Bank for Investment and Finance
    Case: Warka Bank: depositor run, delisting and Central Bank custodianship (from 2010 to 2013)
    Original