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Private banks turn into an economic dilemma
Wednesday July 222 015
The private banking sector suffered mishaps in customers paying dues because of liquidity problems resulted in some banks stopped making withdrawals.
I have some of those operations banks codified in the form of select drag ratio of the amounts deposited in current and savings accounts, and about paying dues deposited in US dollars to the price of the Iraqi dinar exchange rate of the Central Bank.
And confused those customers actions, and angered a lot of dealers with banks lost its reputation in the market, Fmjml deposits in a bank (shall not be named for legal reasons) did not exceed Al2500000 thousand dinars, the equivalent of nearly US $ 2000s in a week full of work, an amount weak does not reach to ten deposits in the previous months, while the teeming bank lounge hundreds of claimants customers to withdraw their deposits from savings accounts, while the bank's management refuses to hand them over their money at once.
Iraqi Central Bank played down fears of dealers with private banks and concerns of non-payment of "deposits", which are pending in those banks, and pointed out that it can ensure that money through "legal reserve" available at each bank.
The banking expert Inas Mohammed blamed the government a large part of the responsibility for what is going through the private banking sector. "The liquidity problem in the private banking transactions linked to investment projects with the government.
And he saw a professor of economics at the Faculty of Political Science, Dr. emotions Globe, that the solution lies in the adoption of a new law for the banks working on the development of local banks and support because the current law does not allow the openness of local banks on the world, pointing to the need to encourage banking twinning between local and international banks to create development banks Large able to finance large projects in the country.
The financial accounting professor at the College of Management and Economics Dr. Safwan Qusay, he pointed out that the solution to save these distressed banks lies in its integration with large banks or government intervention to buy those banks or participating in, stressing that the legalization of customer payments and control of withdrawal and the imposition of a certain exchange rate and forced change all currency factors weaken the banks and dealers to execute their confidence, which leads to poor performance of the bank.
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Wednesday July 222 015
The private banking sector suffered mishaps in customers paying dues because of liquidity problems resulted in some banks stopped making withdrawals.
I have some of those operations banks codified in the form of select drag ratio of the amounts deposited in current and savings accounts, and about paying dues deposited in US dollars to the price of the Iraqi dinar exchange rate of the Central Bank.
And confused those customers actions, and angered a lot of dealers with banks lost its reputation in the market, Fmjml deposits in a bank (shall not be named for legal reasons) did not exceed Al2500000 thousand dinars, the equivalent of nearly US $ 2000s in a week full of work, an amount weak does not reach to ten deposits in the previous months, while the teeming bank lounge hundreds of claimants customers to withdraw their deposits from savings accounts, while the bank's management refuses to hand them over their money at once.
Iraqi Central Bank played down fears of dealers with private banks and concerns of non-payment of "deposits", which are pending in those banks, and pointed out that it can ensure that money through "legal reserve" available at each bank.
The banking expert Inas Mohammed blamed the government a large part of the responsibility for what is going through the private banking sector. "The liquidity problem in the private banking transactions linked to investment projects with the government.
And he saw a professor of economics at the Faculty of Political Science, Dr. emotions Globe, that the solution lies in the adoption of a new law for the banks working on the development of local banks and support because the current law does not allow the openness of local banks on the world, pointing to the need to encourage banking twinning between local and international banks to create development banks Large able to finance large projects in the country.
The financial accounting professor at the College of Management and Economics Dr. Safwan Qusay, he pointed out that the solution to save these distressed banks lies in its integration with large banks or government intervention to buy those banks or participating in, stressing that the legalization of customer payments and control of withdrawal and the imposition of a certain exchange rate and forced change all currency factors weaken the banks and dealers to execute their confidence, which leads to poor performance of the bank.
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