Impose a fine on North Bank for Finance and Investment

Iraqi Securities Commission ISC has decided to impose a fine on North Bank for Finance and Investment (5.000.000) Million ID, due to lack of disclosure that there is sequestration on its shares referred to the book of the Companies Registration Office with the number 14618, dated on 12/6/2013 , this is consider important action that must be disclosed.

The Commission also has requested the bank to disclose the taken procedures to settle the sequestration shares, and the bank must implement the two paragraphs above within twenty days from the date of receipting of our book.