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A financial researcher identifies 5 reasons for the “failure” of private banks: they have become a burden on the Iraqi economy
15 hours ago 77 one minute
Special|..
Today, Thursday, financial researcher Ahmed Al-Janabi said that
private banks “failed” to implement the instructions of the Central Bank, and have become a “burden” on the Iraqi economy.
In his interview with Al- Jarida , Al-Janabi put 5 reasons for that “failure”, the
first of which is “the dependence of those banks on quick profits by relying on the currency auction, without significant financial risks.” He explained that
"the second reason is the inability of private banks to achieve the financial goals for which these banks were established, as well as their inability to attract and develop deposits."
The third reason, according to Al-Janabi, is “the failure to achieve investment goals due to the failure of private banks to attract real capital and employ it in the economic fields.” And he continued,
“The fourth Saturday is the failure to achieve real profits, because more than 85% of its net profits depend entirely on the currency window.” Al-Janabi referred to
“the failure of private banks to achieve development goals and innovative goals, especially their abject failure to innovate new financing formulas and their inability to open branches in sound countries.
The supervisory authority is responsible for this decline in the performance of these banks, because there are 1,000 question marks about the sources of funds for these banks, most of which do not rise to the name “bank”.
https://jaredaiq.net/News/4897
15 hours ago 77 one minute
Special|..
Today, Thursday, financial researcher Ahmed Al-Janabi said that
private banks “failed” to implement the instructions of the Central Bank, and have become a “burden” on the Iraqi economy.
In his interview with Al- Jarida , Al-Janabi put 5 reasons for that “failure”, the
first of which is “the dependence of those banks on quick profits by relying on the currency auction, without significant financial risks.” He explained that
"the second reason is the inability of private banks to achieve the financial goals for which these banks were established, as well as their inability to attract and develop deposits."
The third reason, according to Al-Janabi, is “the failure to achieve investment goals due to the failure of private banks to attract real capital and employ it in the economic fields.” And he continued,
“The fourth Saturday is the failure to achieve real profits, because more than 85% of its net profits depend entirely on the currency window.” Al-Janabi referred to
“the failure of private banks to achieve development goals and innovative goals, especially their abject failure to innovate new financing formulas and their inability to open branches in sound countries.
The supervisory authority is responsible for this decline in the performance of these banks, because there are 1,000 question marks about the sources of funds for these banks, most of which do not rise to the name “bank”.
https://jaredaiq.net/News/4897
