Home
Economic Commission and private banks
18/08/2011
Yasser Mutawalli
Moves to support the private banking sector, headline bears within it the important goals on the road to give a strong dose of this vital sector is important, in order to take the role required in the construction and development, we read it the second page of the newspaper "Sabah" for the day before yesterday. And most importantly that this Almancet prominent was the umbrella for the meeting of high-level officials, indicating that there is a clear interest in the banking sector this time, contrary to what things were in the past merely signals and statements.
But the only outlet to the meeting that did not include representatives from private banks, sober, and did not attend the Association of Banks in the meeting. The importance of the presence of representatives of the real in such a forum to brief the meeting on the difficulties and problems facing the banking sector and the challenges that stand in the way of the performance of his role. Although the consideration of the mechanism of the involvement of private banks to open letters of credit up to $ 4 million is very important in dose of the rush, but not enough to solve the problems of other banks, which has long offered in seminars and panel discussions were ignored by many to solve.
What is required from the Economic Commission to enhance the orientation of this by discussing the obstacles faced by this sector, which acknowledged the importance of attracting investment and active participation in the development of the country's finances. The right step on the road to address the problems of the private banking sector pursued by the Committee on Economic Affairs will contribute in supporting the private sector, But as I requested, including the provinces, ministries and government departments, the private banking sector and non-deposit accounts or accept the limitations of instruments or letters of guarantee, and this is what empties the banks of banking services was founded. And to be private banks, the level of responsibility and efficient performance, and there is a calendar semi-regular basis to private banks sober and number is not a little, and denominated by the Central Bank of Iraq, which imposes instructions and procedures of international standards on each bank at the evaluation and can be adopted in the exercise of such activities that help banks to do its part to be . According to the signs of the Iraqi Central Bank, many private banks have responded to the decisions to raise capital and thus achieved its objectives by making the central bank is able to compete and to provide banking services large.
Invitation of the Committee of Economic Affairs to the subsequent steps in order to activate the role of the private banking sector and follow-up performance, to ensure its contribution to the construction and development and investment, the private banking sector to prove its worth to assume such responsibility.
[You must be registered and logged in to see this link.]
18/08/2011
Yasser Mutawalli
Moves to support the private banking sector, headline bears within it the important goals on the road to give a strong dose of this vital sector is important, in order to take the role required in the construction and development, we read it the second page of the newspaper "Sabah" for the day before yesterday. And most importantly that this Almancet prominent was the umbrella for the meeting of high-level officials, indicating that there is a clear interest in the banking sector this time, contrary to what things were in the past merely signals and statements.
But the only outlet to the meeting that did not include representatives from private banks, sober, and did not attend the Association of Banks in the meeting. The importance of the presence of representatives of the real in such a forum to brief the meeting on the difficulties and problems facing the banking sector and the challenges that stand in the way of the performance of his role. Although the consideration of the mechanism of the involvement of private banks to open letters of credit up to $ 4 million is very important in dose of the rush, but not enough to solve the problems of other banks, which has long offered in seminars and panel discussions were ignored by many to solve.
What is required from the Economic Commission to enhance the orientation of this by discussing the obstacles faced by this sector, which acknowledged the importance of attracting investment and active participation in the development of the country's finances. The right step on the road to address the problems of the private banking sector pursued by the Committee on Economic Affairs will contribute in supporting the private sector, But as I requested, including the provinces, ministries and government departments, the private banking sector and non-deposit accounts or accept the limitations of instruments or letters of guarantee, and this is what empties the banks of banking services was founded. And to be private banks, the level of responsibility and efficient performance, and there is a calendar semi-regular basis to private banks sober and number is not a little, and denominated by the Central Bank of Iraq, which imposes instructions and procedures of international standards on each bank at the evaluation and can be adopted in the exercise of such activities that help banks to do its part to be . According to the signs of the Iraqi Central Bank, many private banks have responded to the decisions to raise capital and thus achieved its objectives by making the central bank is able to compete and to provide banking services large.
Invitation of the Committee of Economic Affairs to the subsequent steps in order to activate the role of the private banking sector and follow-up performance, to ensure its contribution to the construction and development and investment, the private banking sector to prove its worth to assume such responsibility.
[You must be registered and logged in to see this link.]
