A road map for the path of private banks

7/12/2015 0:00
BAGHDAD - Hussein al-Tamimi Tgb

Confirmed the Iraqi private banks association guided by the recommendations do to get out of the private banking sector during the third conference to be held early next week in the presence of international and regional broad This came in a press conference organized by the Association yesterday and was attended by Chairman of the Parliamentary Economic Commission Jawad al. Vice President of the Association Ali tempted said: Annual Iraqi banking conference represents one of the most important initiatives for the construction and development of the banking sector in Iraq, declaring that the association has completed all preparations for the third annual conference banking in Baghdad early next week under the auspices of the Prime Minister and in cooperation with the Central Bank of Iraq under the slogan «Gateway Financial Inclusion and a pillar of sustainable development of the banking sector», adding that this conference comes as a continuation of the decisions of the second Iraqi banking conference held in Baghdad last year came out with many of the recommendations that achieve a large part of cooperation with the Central Bank of Iraq and the Committee on Economic Affairs and many governmental and private institutions attended More than 500 governmental and personal economic conference Msrvih.ama Jawad al-Bolani, chairman of the parliamentary Economic Committee has stressed that the banking sector is the backbone of the economic reform process sought by Iraq, praising the Central Bank initiative aimed at private banks to support the aim of working to diversify the financial resources of Iraq.

 He pointed out that the banking sector is a key supporter activate the production of industrial and agricultural process, pointing to the importance of linking the evolving global banks, especially that Iraq has a long history in the banking industry.

Ali Tariq, executive director of the Association of Iraqi private banks pointed out that the conference, which will have an international presence and regional and local broad represents a roadmap for the work of private banks for the next year, pointing out that the contract in light of the present situation represents a trend serious to create a sober banking sector is able to carry out the tasks entrusted to him in the future, especially since the need for large projects in Iraq and it requires broad international effort and this in turn looking for banks, empowered to carry out a huge banking transactions.

Tariq warned that private banks operate in accordance with instructions issued by the Central Bank of Iraq and the most important work to bring advanced technology to contribute in the provision of advanced services to beneficiaries

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