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Private Bankers Association elects new board of management and emphasizes: We will be a real partner with the government
02/14/2015 15:05
Long-Presse / Baghdad
Elected Iraqi Association of private banks, on Saturday, a new administrative board of her, while confirming that the Authority will act in accordance with its new interior as a true partner with the government.
He said a member of the administrative body was meek Handal in an interview with the (long-Presse), "The amendment of the rules of procedure of the board stressed the need to elect a new board of management be comprehensive largest possible number of Iraqi private banks."
He said Handal, that "today was attended by 35 Iraqi banks a special part in the voting process because each bank is a member of the administrative body was where nominated her 13-member representative from his bank to win them nine banks (members of the board of management), and Ashur Bank got the highest number of votes."
Handal said that "on Sunday will be a special meeting of the members of the governing body was to elect a president and a vice-board", pointing out that "the elections were conducted in a transparent central bank and the economic well-attended."
Handal said that "the body was elected pledged to be true with the government partner and end any problematic or junctions between private banks and the government, especially in light of the current trend of the Government of al-Abadi, which confirmed its support for the private sector, particularly the banking sector because that sector is the backbone of the economy of the country and remained absent ignored or there will be a large vacuum in the economy. "
Recall that in spite of the private banks spread in Iraq, which amounted to more than 30 banks, however, these banks did not play a pivotal role in the economic development process in Iraq because of the smallness of these banks in addition to the departure of government institutions to deal with it because of the reluctance of some private banks in their work.
The banking system consists in Iraq from 43 banks, as well as the Central Bank, and distributed according to government ownership between seven and 30 waged, including the Islamic seven, as well as six foreign banks which is distributed by Branch 600 in the whole of Iraq.
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02/14/2015 15:05
Long-Presse / Baghdad
Elected Iraqi Association of private banks, on Saturday, a new administrative board of her, while confirming that the Authority will act in accordance with its new interior as a true partner with the government.
He said a member of the administrative body was meek Handal in an interview with the (long-Presse), "The amendment of the rules of procedure of the board stressed the need to elect a new board of management be comprehensive largest possible number of Iraqi private banks."
He said Handal, that "today was attended by 35 Iraqi banks a special part in the voting process because each bank is a member of the administrative body was where nominated her 13-member representative from his bank to win them nine banks (members of the board of management), and Ashur Bank got the highest number of votes."
Handal said that "on Sunday will be a special meeting of the members of the governing body was to elect a president and a vice-board", pointing out that "the elections were conducted in a transparent central bank and the economic well-attended."
Handal said that "the body was elected pledged to be true with the government partner and end any problematic or junctions between private banks and the government, especially in light of the current trend of the Government of al-Abadi, which confirmed its support for the private sector, particularly the banking sector because that sector is the backbone of the economy of the country and remained absent ignored or there will be a large vacuum in the economy. "
Recall that in spite of the private banks spread in Iraq, which amounted to more than 30 banks, however, these banks did not play a pivotal role in the economic development process in Iraq because of the smallness of these banks in addition to the departure of government institutions to deal with it because of the reluctance of some private banks in their work.
The banking system consists in Iraq from 43 banks, as well as the Central Bank, and distributed according to government ownership between seven and 30 waged, including the Islamic seven, as well as six foreign banks which is distributed by Branch 600 in the whole of Iraq.
[You must be registered and logged in to see this link.]
