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Create loan guarantee Corporation provides liquidity for funding
13/11/2014 12: 00 am
Bank: development projects require a lot of money
Baghdad Hussein thghb Al-Tamimi
Banking expert said Mohammed Jaber: the banking sector, both public and private, required for the purpose of implementing the contents of the Government programme and attributed, efforts to strengthen the financial capacity and invest fully in support of programmes and development plans.
Jaber said in response to a question for «morning» about the role required a game by the banking sector towards implementation of the contents of the Government's programme to restore the confidence of depositors need the ability of banks to keep their money and invest in the country.
Support Central
He stressed the need to attract deposits by the private banking sector to encourage private and mixed as well as government departments in adopting these banks per annum and it requires supporting infrastructure as pain in the company work on t u c this due to this trend.
Banking expert proposed Jaber Foundation» Foundation loan guarantee» of its impact in encouraging deposits in private banks by depositors and restore confidence between the banks, pointing out the importance of these deposits to contribute actively and effectively in support of the program through to expand credit to support the implementation of strategic projects.
And Jaber that the importance of this deposit will be reflected in two basic objectives: first, to enable banks to buy Treasury and provide transfers of cash to the Government for its consistency and the conduct of business and the banks benefit from the benefits accruing from such activity.
Guaranteed deposits
The second objective, these deposits will be guaranteed for banks to expand lending and increasing the amount of credit granted to investors in investment and productivity, especially for different industrial sectors, agriculture and service sectors.
Jabir said: it is to ensure the provision of liquidity to reduce the statutory reserve ratio is reasonable, for example (5 percent) for the purpose of assisting banks to provide liquidity to cover its operational activities in the areas of investment or credit, pointing out the great need and actual funds to finance large projects required by the current phase.
And Jaber that such liquidity will help the banking sector to enter the shares in the aggregate, loans that may contribute to the activity of Arab and foreign banks for loans by joint project to be funded and thus contribute to the banks into development programmes.
The culture of banking
On the question about the reasons for the reluctance of the public to deposit their money in banks, said Jaber, we lack the culture of banking and makes public its money at home, the Museum houses an eclectic collection and loss of confidence in banks came due to banks by the remarks of some non-specialists, it is true that the Bank made a mistake here or there, but this situation must not be taken on the banking sector as a whole. on the question of resolving such problems, said JaberThe Central Bank adopted international standards in its assessment of the performance of the banking sector and therefore everyone adopt this assessment when you choose the Bank that deals with the citizen or the State or the private sector. He reiterated that the establishment of a solid foundation to guarantee deposits will suck this loss of confidence in the banks stressed the importance of tightening controls on banks ' weak performance outside the laws.
Debt stumble
Turning the banking expert Mohammed Ali Jaber to challenges that confronted the banking sector and of non-performing loans that caused a delay in the performance of their banks and reflected the contraction in credit expansion but this stage has ended and I think that our proposal will help reduce fears of bad debts to banks that guarantee the strength of banks and recipients alike.
Jaber expressed optimism that the next breakthrough phase economically supported by procedures and legislation supportive of the private sector, said: this is what we have seen from the contents of the Government program are counting on him to this breakthrough.
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13/11/2014 12: 00 am
Bank: development projects require a lot of money
Baghdad Hussein thghb Al-Tamimi
Banking expert said Mohammed Jaber: the banking sector, both public and private, required for the purpose of implementing the contents of the Government programme and attributed, efforts to strengthen the financial capacity and invest fully in support of programmes and development plans.
Jaber said in response to a question for «morning» about the role required a game by the banking sector towards implementation of the contents of the Government's programme to restore the confidence of depositors need the ability of banks to keep their money and invest in the country.
Support Central
He stressed the need to attract deposits by the private banking sector to encourage private and mixed as well as government departments in adopting these banks per annum and it requires supporting infrastructure as pain in the company work on t u c this due to this trend.
Banking expert proposed Jaber Foundation» Foundation loan guarantee» of its impact in encouraging deposits in private banks by depositors and restore confidence between the banks, pointing out the importance of these deposits to contribute actively and effectively in support of the program through to expand credit to support the implementation of strategic projects.
And Jaber that the importance of this deposit will be reflected in two basic objectives: first, to enable banks to buy Treasury and provide transfers of cash to the Government for its consistency and the conduct of business and the banks benefit from the benefits accruing from such activity.
Guaranteed deposits
The second objective, these deposits will be guaranteed for banks to expand lending and increasing the amount of credit granted to investors in investment and productivity, especially for different industrial sectors, agriculture and service sectors.
Jabir said: it is to ensure the provision of liquidity to reduce the statutory reserve ratio is reasonable, for example (5 percent) for the purpose of assisting banks to provide liquidity to cover its operational activities in the areas of investment or credit, pointing out the great need and actual funds to finance large projects required by the current phase.
And Jaber that such liquidity will help the banking sector to enter the shares in the aggregate, loans that may contribute to the activity of Arab and foreign banks for loans by joint project to be funded and thus contribute to the banks into development programmes.
The culture of banking
On the question about the reasons for the reluctance of the public to deposit their money in banks, said Jaber, we lack the culture of banking and makes public its money at home, the Museum houses an eclectic collection and loss of confidence in banks came due to banks by the remarks of some non-specialists, it is true that the Bank made a mistake here or there, but this situation must not be taken on the banking sector as a whole. on the question of resolving such problems, said JaberThe Central Bank adopted international standards in its assessment of the performance of the banking sector and therefore everyone adopt this assessment when you choose the Bank that deals with the citizen or the State or the private sector. He reiterated that the establishment of a solid foundation to guarantee deposits will suck this loss of confidence in the banks stressed the importance of tightening controls on banks ' weak performance outside the laws.
Debt stumble
Turning the banking expert Mohammed Ali Jaber to challenges that confronted the banking sector and of non-performing loans that caused a delay in the performance of their banks and reflected the contraction in credit expansion but this stage has ended and I think that our proposal will help reduce fears of bad debts to banks that guarantee the strength of banks and recipients alike.
Jaber expressed optimism that the next breakthrough phase economically supported by procedures and legislation supportive of the private sector, said: this is what we have seen from the contents of the Government program are counting on him to this breakthrough.
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