Association of Iraqi banks demanded the government and banks to encourage citizens to save money

14/03/2015

Baghdad: Iraqi private banks confirmed Association, Saturday, that the government and banks to encourage people to save their money by taking steps to provide them with their money.

The head of the Association of Wadih Handal for "tomorrow Press", "The Iraqi citizen and during previous periods began moving away from saving his money in Iraqi banks, whether private or government for two reasons. The first is a lack of confidence that the bank and the second reason is the weakness of interest arising when depositing his money."

He added that "the Iraqi Central Bank seeks to push for the return of confidence of citizens and dramatically banks, especially for by introducing a proposed establishment of the Iraqi deposits company through which maintains and insures depositors' money law that requires the government effort to push the bill to the House of Representatives for the legislation and take the real place."

He Handal said that "banks are also required to follow through the Central Bank, but by increasing the interest rate on the deposit so that there is a contribution to the cause of truth and put the citizen and Diath the bank."

He noted that "the increase in deposits of citizens in banks where significant implications positive Iraqi financial and economic sector because the increase depository mean increased growth and increased release of loans and run and participate in a lot of business opportunities."


http://alghadpress.com/ar/news/28316/رابطة-المصارف-العراقية-تطالب-الحكوم