Iraqi private banking sector in Mustansiriya Center seminar for Arab and International Studies

In order to contribute to the promotion trends administrative leadership in building the financial and banking sector pillars actor can ensure its ability to meet what necessitated by the task of rebuilding and reconstruction of the country, systems of economic studies at the Center Mustansiriya Arab and International Studies affiliated to the University of Mustansiriya Wednesday morning 12/19/2012 Symposium annual scientific and name it (the private banking sector in Iraq and development role in the Iraqi economy).

And transfer media source told N. news reporting Saturday that the seminar was held events at the Hall Center, and was attended by a number of academics, economists, writers and researchers, as well as some of the workers in the banking sector and those interested in economic affairs, welcomed Prof. Dr. Sattar Jabbar al-Bayati, head of economic studies audience present, and then went to talk about the end of the symposium and its importance in strengthening the Iraqi economy, which is still suffering a lot of problems that need to be addressed with wisdom and professional; Given the negative effects on the national economy, which requires a processor capable of transcending, then announced Dr. Bayati call to Dr. Majid picture central bank adviser Chair presented four research, in addition to Dr. Abdul Rahman al-Mashhadani, as Rapporteur of the meeting.

He added that "the first research of this meeting, prepared by Professor Walid Idi general manager of statistics and research at the CBI came under the title (of the banking system in Iraq) addressed a number of statistical indicators task of the most prominent increases successive witnessed by capital government banks, which amounted to the end October of 2012, a total of (754) billion dinars, compared with 4.053 billion dinars for private banks.

As investment balances in banks operating in Iraq were recorded up to 10/31/2012 amounted to $ 5.947 billion dinars, the share of banks government (4.929 billion dinars), compared with (1.018) billion dinars for private banks, as well as the researcher to signal that the total overdue debt repayment in Iraqi banks and reached up to 31.10.2012 (441) billion dinars, the share of government banks ( 234) billion dinars, compared to (207) billion dinars for private banks.

At the end of his research researcher presented a series of proposals, perhaps the most important chapter between the owners of the bank and the management of banking operations, and the necessity of adopting banks banking technologies, in addition to developing the internal control systems and the application of the standard disclosure and transparency.

The second research which participated by the Association of private banks and Osmth (b development indicators of banking sector in Iraq), stressed the increasing number of private banks in Iraq and access to (32) banks in two decades, adding to the growing number of branches in Iraq to more (500) branches, as well as branches of foreign banks and Arab foreign which amounted to (11) practiced two types of banks are banking commercial banking and Islamic banking.

Among the important indicators addressed by this paper is that the assets of these banks amounted to (12.1) trillion Iraqi dinars, as the volume of deposits (8.0) trillion dinars, and arrived credit cash to a total of (3.6) trillion dinars, while reached the capital of these banks and reserves (3.3) trillion Iraqi dinars. striking confirmation of this paper on the feasibility of capital investment in Iraq may be the clearest in the banking sector, which reached the total profits of these banks to (477.7) billion dinars.

Third research symposium titled (the importance of assessing the financial performance of private banks in financing investment activity / Bank of Kurdistan International a model) participated by Professor Public Finance Assistant Dr. Hashim Mohammed Aercop from the Faculty of Management and Economics at the University of Mosul.

Has over researcher in his paper that the banks Business of the important institutions that represent the heart of the financial system; given for being the lead group of actors (monetary and fiscal) that contribute to stimulate economic activity and financing of all economic and social sectors.

And confirms the researcher at the conclusion of his paper on the evolution of the style and the private banks despite low volume liquidity Bank of Kurdistan (sample) in the years 2008 and 2010, compared to 2007, fluctuating efficient performance, citing the expansion in the use of Electronic Calculator and use the means and modern systems appropriate for the performance Banking latest technological methods advanced Among the run and set up a number of automated teller machines (ATM), and POS terminals (POS), in addition to renewing SWIFT system global (SWIFT) and the use of work orders executed by the company and Western Younine world.

Another research symposium titled (contribution of the banking sector in the Iraqi economy after 2003), participated by Assistant Professor Dr. Amr Hesham Mohamed from the Department of Economic Studies at the Center for Mustansiriya of Arab Studies and International.

Has pointed researcher in his paper that the contribution of the banking sector remains weak in the economy Although Iraqi upward trend. as it did not exceed the percentage contribution (1.7%) in 2009, in addition to the capital of Iraqi banks remain modest due to several factors, inter alia, the emergence of private banks at the beginning of the ninth decade of the last century under the conditions of siege economic time, making it an isolated and closed to their local environment, which was suffering vulnerable economically and low living standards., something which has led to the need for government banks specifically to restructuring include reconsider the number of employees in these banks, and skills required of the staff.

The researcher believes that the Iraqi economy suffers from multiple problems, some inherited from the previous era and some Newcomer and linked to conditions of the world economy, what led to him needs more than other neighboring economies to the existence of financial and banking sector is characterized by efficient and effective high, so that it could meet the requirements of re-construction and reconstruction and the launch of its potential, which return to place natural and outstanding among the world.

At the end of the symposium was a dialogue serious scientific process content of scientific papers that have been put forward by the participants by economists and those interested in the banking sector who attended this scientific meeting.

has focused axes debate in a number of points that expressed the problems of the banking sector, and the most prominent themes banking awareness, communication range between banks and between customers, the interaction between financial institutions and the Iraqi market for securities and banking system, the relationship and integration between the Iraqi Central Bank and private banks, as well as strategies banking actors and use techniques banking.

After the end of the discussion has been installed recommendations that were the most important restructuring of government banks and legal reforms through reconsideration of the legislative framework for the work of private banks and mechanisms dealing with the Central Bank of Iraq and the use of banking technologies, and focus on the skills required of the employees, in addition to move forward steps contribute to the application of good governance in the banking sector. The keeping conclusion has included the distribution of certificates to the researchers involved the work of the seminar.

Latif Abdel Salem Ugaili / researcher and writer.


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