Specialists: Conference of Arab banks contribute to the support of the banking sector

On: Tuesday 10/09/2012 07:51 am



 Baghdad / Hossam al-Saadi
Said specialize in regard financial that the investment conference of Arab banks in Kuwait would support the Iraqi banking sector through the promotion of Arab Banks sober to open branches in Iraq and its contribution to the economic development of the country, pointing out that the conference will come out with recommendations strengthen the role of Arab banks among themselves through the consolidation of the banking and payments system against money laundering.

The deputy chairman of the parliamentary Finance Committee Ahmed Faizullah: Arab Banking Conference held in Kuwait will have a significant role in strengthening the Iraqi banking activity through the handle of Arab Banks sober with the Iraqi banking operations. He Faizullah told (long): such a conference would serve the national economy as a help to attract banks sober and good reputation to open branches in the country and thus will have an active role in promoting the process of investment by granting loans and advances for projects strategy, as well as being transferred global expertise and modern technology to the work of the local banks, what will contribute to the development of the banking sector.

Cooperation between Arab Banks

For his part, Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, said the aim of the establishment of a special conference of Arab banks is to promote cooperation among Arab banks to achieve financial stability in the region and the world, noting that the meeting of Governors of Arab banks in this conference, broken speech unified called (discourse Unified Arab) carried by the central bank governor of the state primarily by the Conference (Kuwait) and deliver in the International Monetary Fund Conference to be held in the middle of this month in Tokyo.

Said Mohammed Saleh (range): The conference included paragraphs many and very important of them standardize financial payments between Arab banks and banking legislation and cooperation in the fight against money laundering, in addition to develop proactive solutions to the crises of the global economic potential occur in the future. He noted that the conference will have a significant role in the development of the banking sector through dealing Arab banks with local and exchange of experiences and technologies in the field of banking, and perhaps bring some banks sober to open branches in Iraq and this will enhance the role of banks in the development of the country's economy. He had held a special investment conference of Arab banks in the State of Kuwait in the presence of Arab central bank governors and with the participation of Governor of the Central Bank of Iraq.

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