Central Bank Governor for "Qurtas News": the conditions of private banks do not fear them good

Wednesday 04 March 2015
| 12:41


Governor of the Central Bank announced on the Keywords, Wednesday, that the conditions of good private Iraqi banks do not fear them, among the bank seeks to put laws in support of the banking sector.

Keywords and said in a statement to "Qurtas News" that "talk which arises from here and there, about sagging work of the Iraqi private banks, or they live is the word crisis is real, and is intended to tarnish the image of banks and disrupt their work."

"The central bank is not only an observer to the work of those banks, but it is a real and effective partner with them, as well as it is to promote cooperation and support in every way that it seeks to one of the basic pillars of the building of the Iraqi economy."

He said the "private banks after recent decisions issued by the Central Bank, is in good condition and working according to distinct banking standards, and there is no faltering banks or bankrupt or does not work, except for the Bank of the economy, which is now under the tutelage and Sizawl over the next few stage work normally after condition improves. "

"The Central Bank supports all banks without exception and treat a single transaction," noting that "the bank to put some laws to support the banking sector is seeking through the deposit law, and this law is under study and will soon be submitted to parliament for legislation, as well as amendments that are being studied ".

It consists of the Iraqi banking system of 54 banks, including seven state banks an Islamic one of them newly established, there are 23 commercial banks, special, 9 of which are Islamic banks, and there are also 15 branches of foreign banks, and there are many institutions that do some banking business, including 34 companies transform Mali and nearly 200 affiliated banks foreign exchange company or deal with the banks, with the Loan Guarantee Company and the financing of small and medium-sized enterprises, with the two companies for services electronic banking and smart card, in addition to nearly 800 branches belonging to the banks and distributed all over the governorates of Iraq.


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