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Reform and development of the Iraqi banking sector strategy
The first episode The banking sector is a key pillar for the construction of a national free economy strengthens the foundations of the Iraqi state and pushes them towards growth and stability of the process of economic
The building of this sector on scientific foundations with the use of modern technologies and rely on the best national experiences, greatly contributes to the development and investment program being a first episode of financing projects and strategic Limited.
It is through the media interest in this vital sector, we decided to do an exclusive interview with a banking expert Professor Samir Alnasiri Executive Director of the oldest commercial bank Gulf one of the giant banking institutions in Iraq
In this episode we take Mayati:
Indeed, developments in the Iraqi banking sector
Where Darhma fun according to economic concepts banking professional scientific dialogue
Q / How do you see the reality of the banking sector and its role in the field of development and investment in the next phase?
C / including the Iraqi banking sector constitutes the first financing ring and key for investment activities and in particular, over the next four years, with the announcement of the government program, it is necessary to open the way for banks to work flexibly to help support investment where is nerve President wheel development.
All the studies and reports issued by the World Bank and the International Monetary Fund and the Ministry of Planning and the Central Bank of Iraq confirms the weakness of the contribution of the Iraqi banking sector in the development and investment for reasons related to the structure and management of the sector in Iraq.
Q / What do you think the Iraqi economic scene and what are the implications for the banking sector?
There are factors related to the rate of rent of the Iraqi economy and its mechanisms separated between the market economy, which was approved by Article 25 of the Iraqi Constitution and between the controls and the determinants of a centralized economy, in addition to the political and security landscape confused, all contributed to the failure to apply economic approach and clear during the previous phase.
Q / Is there a future strategy for the advancement of the banking sector?
C / in order to build a strategic and promising to reform and development of the Iraqi banking sector for the years (2014 _ 2018) must establish a mechanism consistent with the new government program, which provides in paragraph (d) Fourth, and on the development of the banking business, which emphasizes the (longer commercial banks, financial institutions of paramount importance to any economic activity and represents one of the financial system of the country rings and a reflection of economic, commercial and financial systems as is one of encouraging investors to bring capital gates, which can be achieved through the organization and address the economic and commercial affairs in coordination with various relevant sectors and activating the role of government-owned banks and banks specialized and private sector banks to provide soft loans, with an emphasis on the development of foreign economic relations with the countries of the world with the increase in the volume of trade and the development of relations with international and regional organizations concerned, and this requires the study of the reality of the Iraqi banking sector in light of the monetary policies adopted by the Central Bank of Iraq over the past years which applications The outlook for the supervision and control of banks, based on his experience applied since 2003 until the present time)
Q / Do you think that there is a development in the Iraqi banking sector?
C / truth diagnosed with the Central Bank of Iraq and with the international financial organizations, he has earned the evolution of the Iraqi banking sector in light of the financial indicators of banking operations for the years (2003_2013) where the attached tables indicate for the evolution through the years (2012_2013) clearly reaching achieved growth of banks ratio in government assets 19.7%
Either in the Iraqi private banks growth rate has reached 25%
It seems that in the actual evolution of the Iraqi banking sector activity has occurred in spite of the challenges and obstacles that confront many where this development continues within 2014 up to June 30, 2014.
Q / Is there a rating for private banks?
C / show business in the light of the results of the analysis of financial indicators that contributed to the issue of transparency and disclosure reports, which highlights the classification of the top ten private banks in Iraq, Gulf Commercial Bank is located in the center of the fourth category.
The internal and external banking operations of banks above have achieved developments quality in the capital and in the monetary and credit as well as the growth of the financial position of these banks and the high rate of profitability achieved it, which indicates clearly the efficiency of all private banks amounting to 35 banks in general ten banks first In particular
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The first episode The banking sector is a key pillar for the construction of a national free economy strengthens the foundations of the Iraqi state and pushes them towards growth and stability of the process of economic
The building of this sector on scientific foundations with the use of modern technologies and rely on the best national experiences, greatly contributes to the development and investment program being a first episode of financing projects and strategic Limited.
It is through the media interest in this vital sector, we decided to do an exclusive interview with a banking expert Professor Samir Alnasiri Executive Director of the oldest commercial bank Gulf one of the giant banking institutions in Iraq
In this episode we take Mayati:
Indeed, developments in the Iraqi banking sector
Where Darhma fun according to economic concepts banking professional scientific dialogue
Q / How do you see the reality of the banking sector and its role in the field of development and investment in the next phase?
C / including the Iraqi banking sector constitutes the first financing ring and key for investment activities and in particular, over the next four years, with the announcement of the government program, it is necessary to open the way for banks to work flexibly to help support investment where is nerve President wheel development.
All the studies and reports issued by the World Bank and the International Monetary Fund and the Ministry of Planning and the Central Bank of Iraq confirms the weakness of the contribution of the Iraqi banking sector in the development and investment for reasons related to the structure and management of the sector in Iraq.
Q / What do you think the Iraqi economic scene and what are the implications for the banking sector?
There are factors related to the rate of rent of the Iraqi economy and its mechanisms separated between the market economy, which was approved by Article 25 of the Iraqi Constitution and between the controls and the determinants of a centralized economy, in addition to the political and security landscape confused, all contributed to the failure to apply economic approach and clear during the previous phase.
Q / Is there a future strategy for the advancement of the banking sector?
C / in order to build a strategic and promising to reform and development of the Iraqi banking sector for the years (2014 _ 2018) must establish a mechanism consistent with the new government program, which provides in paragraph (d) Fourth, and on the development of the banking business, which emphasizes the (longer commercial banks, financial institutions of paramount importance to any economic activity and represents one of the financial system of the country rings and a reflection of economic, commercial and financial systems as is one of encouraging investors to bring capital gates, which can be achieved through the organization and address the economic and commercial affairs in coordination with various relevant sectors and activating the role of government-owned banks and banks specialized and private sector banks to provide soft loans, with an emphasis on the development of foreign economic relations with the countries of the world with the increase in the volume of trade and the development of relations with international and regional organizations concerned, and this requires the study of the reality of the Iraqi banking sector in light of the monetary policies adopted by the Central Bank of Iraq over the past years which applications The outlook for the supervision and control of banks, based on his experience applied since 2003 until the present time)
Q / Do you think that there is a development in the Iraqi banking sector?
C / truth diagnosed with the Central Bank of Iraq and with the international financial organizations, he has earned the evolution of the Iraqi banking sector in light of the financial indicators of banking operations for the years (2003_2013) where the attached tables indicate for the evolution through the years (2012_2013) clearly reaching achieved growth of banks ratio in government assets 19.7%
Either in the Iraqi private banks growth rate has reached 25%
It seems that in the actual evolution of the Iraqi banking sector activity has occurred in spite of the challenges and obstacles that confront many where this development continues within 2014 up to June 30, 2014.
Q / Is there a rating for private banks?
C / show business in the light of the results of the analysis of financial indicators that contributed to the issue of transparency and disclosure reports, which highlights the classification of the top ten private banks in Iraq, Gulf Commercial Bank is located in the center of the fourth category.
The internal and external banking operations of banks above have achieved developments quality in the capital and in the monetary and credit as well as the growth of the financial position of these banks and the high rate of profitability achieved it, which indicates clearly the efficiency of all private banks amounting to 35 banks in general ten banks first In particular
[You must be registered and logged in to see this link.]
