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Director of the Association of private banks: conflicts of government decisions is an obstacle to the development of the work of banks
On: Tuesday 02/07/2012 11:50
Baghdad (news) .. criticized the director of the Association of private banks Abdul Aziz, the decision of the Ministry of Finance, which provides for the prevention of dealing with private banks, as it would hurt the economic process, as he put it.
He said Hassoun (of the Agency news) on Tuesday: The most important obstacles that stand in front of the work of Iraqi banks is the inconsistency of decisions and instructions issued by the Central Bank and Ministry of Finance, through the issuance of a decision by the Ministry of Finance not to deal with private banks because they are not disciplined while that the Central Bank underlines the need to deal with it.
He said Hassoun: if there were some private banks in violation of the laws and regulations, this does not mean that all private banks, amounting to more than (40) banks that they are not disciplined and contrary to the law of her, and urged not to generalize from the Ministry of Finance to all the private banks not to deal with it.
He added: There are some administrative boards of the domestic banks abused for the work of Iraqi banks through non-compliance with laws bank established by the Ministry of Finance and the Central Bank, and there are other banks bound by the regulations and banking regulations imposed on it, so you must specify the banks off in order not to deal with it in the service the country and the Iraqi economy.
The Ministry of Finance issued a decision to prevent its departments dealing with private banks, making the surprise of some economic circles on this unfair decision, in their words. / Finished / 8. D. Q /
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On: Tuesday 02/07/2012 11:50
Baghdad (news) .. criticized the director of the Association of private banks Abdul Aziz, the decision of the Ministry of Finance, which provides for the prevention of dealing with private banks, as it would hurt the economic process, as he put it.
He said Hassoun (of the Agency news) on Tuesday: The most important obstacles that stand in front of the work of Iraqi banks is the inconsistency of decisions and instructions issued by the Central Bank and Ministry of Finance, through the issuance of a decision by the Ministry of Finance not to deal with private banks because they are not disciplined while that the Central Bank underlines the need to deal with it.
He said Hassoun: if there were some private banks in violation of the laws and regulations, this does not mean that all private banks, amounting to more than (40) banks that they are not disciplined and contrary to the law of her, and urged not to generalize from the Ministry of Finance to all the private banks not to deal with it.
He added: There are some administrative boards of the domestic banks abused for the work of Iraqi banks through non-compliance with laws bank established by the Ministry of Finance and the Central Bank, and there are other banks bound by the regulations and banking regulations imposed on it, so you must specify the banks off in order not to deal with it in the service the country and the Iraqi economy.
The Ministry of Finance issued a decision to prevent its departments dealing with private banks, making the surprise of some economic circles on this unfair decision, in their words. / Finished / 8. D. Q /
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