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Expert's long economic approaches: Lending falls within the framework of alliances between men Alsaashoualemal
On: Sat 12/17/2011 9:22
□ Baghdad / Ahmed Abed Rabbo
described the economists approach the government banks to lend to private banks attempts that fall within the framework of alliances carried out by government officials to the men of money.
They called for in the conversations (economic term) private banks to go to the market through competition.
He said economic expert on gnathion NA that behind the direction of government banks to lend to private banks are political alliances between government officials and men of money imitators of banking organizations.
Ali gnathion NA's (range economic) that this step represents a clear and explicit alliances carried out by the politicians and money pointing to the need for the government banks lend to citizens directly.
He gnathion NA: This alliance will increase the value of the interest incurred on the shoulders of the citizens of the profit margin in addition to increased episodes of bureaucracy in banks.
He gnathion NA: should be the percentage of participation by government banks in the value of capital funds, private banks, adding that such participation in the service of the national economy and the banking system and raising the standard of living of citizens.
For his part, invited by the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh should be directed private banks to the free market.
and Saleh's (range economic): The private banks to go to the market, noting that this makes the bank ahead with a well established and good reputation among the other banks and customers.
Saleh added: should work private banks to the principle of competition through the creation of a competitive environment is working to deliver services to customers is to achieve attractive and spacious.
Meanwhile, a leading adviser to Prime Minister for Economic Affairs Abdullah Al-Hussein Anbuge by the Agency (news): The economic reform process requires that the head of government banks towards lending to private banks, to expand its work and services that must be provided to the local economy.
He Anbuge: The adoption of a clear program of economic reform, we must is for the private sector an active role in achieving growth in all sectors. indicating that economic reform must begin to direct government spending on routes serving the activation of economic sectors.
He Anbuge that the transition toward a market economy requires a private sector a more active role and be directed to the country's economy , pointing out that so went require a banking system Ghaderaly mobilize financial savings huge waits Iraq, especially since he is entering a phase of economic growth and broad, as well as follow-up economic projects in all their stand at the economic feasibility realized from them.
As expected director of the Association of private banks Abdul Aziz Hassoun that year (2012) will grow and a great development for banks in the light of development plans set for them.
He said Hassoun by the Agency (news): The government and private banks made great efforts at the present time to develop its work according to the banking systems of modern and sophisticated technology, the fact that the world is now talking technology Bmajalath all.
He Hassoun: The private banks began to develop itself to enter modern systems in their work and started hanging from the entities of financial and increase their capital, and this indicates that next year will be the year the activity and a quantum leap in the work of the banks.
called Hassoun to the need for equality between banks (government and private) and the tightening-up and control the work of banks and funds owned by the fact that the data indicate it is that there is a substantial financial surplus of the banks, disabled and non-investor.
It is noteworthy that at the end of the year (2010), the number of banks operating in Iraq have arrived ( 43) banks, including (7) state banks with a total capital of about (6036) billion Iraqi dinars, as well as (36) private banks with a total capital up to (202) trillion dinars.
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