The German Treasury restricted the activities of the National Bank of the Islamic Republic in Hamburg

 

The German Treasury restricted the activities of the National Bank of the Islamic Republic in Hamburg

  The German Financial Supervision Authority "Baffin" announced on Friday, October 7, the restriction on the National Bank of the Islamic Republic in Hamburg for granting financial credits and loans to individuals and companies.

According to the Handelsblatt economic newspaper, Bafin's inspectors went to the Hamburg branch of the National Bank of the Islamic Republic on Thursday, October 7, and banned the granting of financial credits to the bank.

  "The principle of transparency in the payment of credits has been violated by the Hamburg branch of the National Bank of the Islamic Republic," said one of Bafin's inspectors.