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Deal: partnership private banks could produce strong financial actors
22/06/2011
Baghdad-morning
Returned to mind these days the idea of merging banks are unable to raise their capital to the levels established by the Central Bank of Iraq to improve its performance and expand services banking ...And economic morning invited during the past month in the column have the need to adopt a financial brokerage firms to merge theme between banks to access common convictions concerning this matter. this invitation has been accepted Association of private banks which, in turn, circulated to the rest of the banks to book him a supportive opinion to merge, but the writers insisted that expanding banking services with support from the Central News Agency report carried by news that the economists agreed that Iraqi banks still suffered from poor service, therefore suggested Need to merge or enter a foreign partner, backed with government support and encouragement.
Where the Economist Amer Al jawaheri recalled the importance of the activation code will allow banks to private banks and governmental interference in the investment process, and be prepared to give long-term loans had invested.
Al jawaheri said: "private banks to give short-term loans with high interest rate late enough for the rest of the States."
Al jawaheri believes that this topic has effects on the economy because it will reduce the opportunities for investors and their lending, these banks alialasraa amending mechanism and have the rules and have venture investors whether Iraqis or foreigners.
Al jawaheri continued despite the obstacles confronting them banks with limited services, but still enjoyed the confidence of citizens and this is what today's increasing amounts of deposit.
And Director of the Association of private banks was considered Abdul Aziz Hassoun "banking needs culture and creating Bank because Iraq dealers still do not trust the overlapping lines between the banks."
He noted that "private banks seeking to use modern systems which facilitate the trading process and handle internal and external in Iraq with the use of systems that check the connectivity between branches of banks and their status, you can look forward to all transactions in branches and this mayazz control as would be common in one system.
In turn she economic expert Dr. peace smism that "Iraqi banks need two main steps to reach the road to success, either merge with each other, and either find a strong partner from abroad for its support and assistance, as well as State support to upgrade to the required standard."
Smism: added that "private banks proliferated and expanded after the year (1992), but was surrounded and tied to the State law and policy," indicating that credit and monetary policy of the banks of the walaktradet their regulations, so we did not take real role. "
Smism said: "the lack of State support for these banks of appropriations and interest rates, making them unable to deal with openness and expansion which took place recently, sometimes even direct ministries that deal with private banks and this is dangerous and a major blow, demanded the Central Bank to raise capital and expand its rules."
Economic expert urged the State to give confidence to these banks to turn real despite the fact that the citizen is aware of the importance of started services from private banks and characteristic of the primitive and the still precarious and bureaucratic.
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22/06/2011
Baghdad-morning
Returned to mind these days the idea of merging banks are unable to raise their capital to the levels established by the Central Bank of Iraq to improve its performance and expand services banking ...And economic morning invited during the past month in the column have the need to adopt a financial brokerage firms to merge theme between banks to access common convictions concerning this matter. this invitation has been accepted Association of private banks which, in turn, circulated to the rest of the banks to book him a supportive opinion to merge, but the writers insisted that expanding banking services with support from the Central News Agency report carried by news that the economists agreed that Iraqi banks still suffered from poor service, therefore suggested Need to merge or enter a foreign partner, backed with government support and encouragement.
Where the Economist Amer Al jawaheri recalled the importance of the activation code will allow banks to private banks and governmental interference in the investment process, and be prepared to give long-term loans had invested.
Al jawaheri said: "private banks to give short-term loans with high interest rate late enough for the rest of the States."
Al jawaheri believes that this topic has effects on the economy because it will reduce the opportunities for investors and their lending, these banks alialasraa amending mechanism and have the rules and have venture investors whether Iraqis or foreigners.
Al jawaheri continued despite the obstacles confronting them banks with limited services, but still enjoyed the confidence of citizens and this is what today's increasing amounts of deposit.
And Director of the Association of private banks was considered Abdul Aziz Hassoun "banking needs culture and creating Bank because Iraq dealers still do not trust the overlapping lines between the banks."
He noted that "private banks seeking to use modern systems which facilitate the trading process and handle internal and external in Iraq with the use of systems that check the connectivity between branches of banks and their status, you can look forward to all transactions in branches and this mayazz control as would be common in one system.
In turn she economic expert Dr. peace smism that "Iraqi banks need two main steps to reach the road to success, either merge with each other, and either find a strong partner from abroad for its support and assistance, as well as State support to upgrade to the required standard."
Smism: added that "private banks proliferated and expanded after the year (1992), but was surrounded and tied to the State law and policy," indicating that credit and monetary policy of the banks of the walaktradet their regulations, so we did not take real role. "
Smism said: "the lack of State support for these banks of appropriations and interest rates, making them unable to deal with openness and expansion which took place recently, sometimes even direct ministries that deal with private banks and this is dangerous and a major blow, demanded the Central Bank to raise capital and expand its rules."
Economic expert urged the State to give confidence to these banks to turn real despite the fact that the citizen is aware of the importance of started services from private banks and characteristic of the primitive and the still precarious and bureaucratic.
[You must be registered and logged in to see this link.]
