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BAGHDAD - morning
called on the Association of private banks in Iraq to make substantial modifications to the work of private banks to bridge the gap between them and the government banks.
executive director of the Association of private banks in Iraq, Abdul Aziz Hassoun said in an interview for the (morning): "It has to be that there will be a committee of Central Bank and private banks to discuss the amendments and to find a formula and plan to work of private banks. "
It is said that a source familiar with has revealed several modifications will be taken on the work of private banks, indicating that these amendments will take place during the next few days. said Hassoun that "private banks constitute 15 percent of the assets of the Iraqi banking system, while a government banks three in addition to the specialized accounting for 85 percent, "viewing it as banks inactive due to run their capital properly by the right investment.
stressed the Executive Director of the need to repair the imbalance in the banking system and the gap between banks government and private, noting that the private banks with the level of performance is very high, but they are handcuffed in the use of technology in the market, especially as the number of branches over a number of government banks, and its systems work called "Online OnLine" ie, that all branches tied with the General Administration in the parent bank, as well as all branches Monetary amounts in real time with each other, and the use of electronic instruments, it all comes on the contrary of the mechanism of action of the government banks that are still operating according to the manual system, he says.
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