Calls for cooperation with the banks the equivalent of its response to the new measures

04/23/2013 12:00 AM

Expert: efforts to improve the performance of the banks supplying modern technology
Baghdad morning

Banking expert stressed the need to go to develop the banking products offered by our local banks through the supply of modern technology and the creation of job competencies capable of adopting, as well as the need to promote a culture of collective management, which would promote banking work.

Indicating that the evolution of banking services must attendant advancement in other sectors of the economy to create an atmosphere of competition for the project, which leads to the development of all aspects of production and services.

Said Mounir Hassan al-Jubouri in an interview (morning) that the country needs to embrace the reality of developmental comprehensive in all joints of the Iraqi economy, without exception, especially in the banking sector, which represents a raw important role in the investment process and economic development in general, pointing out that the reality experienced by the country requires the development of All economic sectors in parallel to reach the goal of development through the mechanisms of action of minutes implemented in accordance with the plans and programs prepared in advance.

He added that the development banks must go toward the multiplicity of banking products offered to customers at all levels, indicating that these products is a sophisticated services to facilitate the customer's requirements and provide attic effort and time, especially as the countries of the world evolving went toward speed in the creation of new, which serves the customer and develop the economic process.

He pointed out that actually banking in the country needs to adopt a new and evolving witnessed by the global economic scene because the country is entering a phase of new economic require modernity in banking where there are a lot of international companies aspiring to the presence on the Square of the Iraqi economy and expand the system work and this in itself is a new challenge in front of the local banking sector, which has to realize the magnitude of future work and be able to deal with the next phase to meet the requirements and needs of foreign investment.

He pointed out that it is not possible events of economic development without banking business developed and can not be development banks away from the economic boom are both linked to the other works on the development of the joints of the sector corresponding فالمصارف supports projects through financial services provided by the project caters for the banking sector by raising the number of banks in all infested cities banking business.

Turning to the crisis of the central bank, which cast a shadow on the performance of the banking sector because the relationship must be established in accordance with the mechanisms of cooperation between the Central Bank of Iraq and the banks via their association special to serve the financial sector and promote it, as required by the Central Bank putting instructions encourage the growth of banks and its branches in most of the cities and watching central banks, civil and follow the deviation that may get in their work, pointing out that the non-proliferation broadly to private banks attributed caused to several parameters, including non-proliferation of banking culture and instability in the deal and what confuses the work, which requires standing when all the parameters and study mechanisms to overcome them.

He continued by saying: It is true that private banks claim the task of developing efficient working in all aspects of work, in line with global developments witnessed by the major banks, indicating that the Gulf Commercial Bank, for example, has a training center of Mali on the high degree of expertise, and it is prescribed always organize courses specialized training for staff of the bank and other banks private and public in order to raise the efficiency of workers in the banking sector, and acts as the Gulf Bank to develop the efficiency of workers in the banking sector in general, in addition to the involvement of employees in training courses inside and outside the country to gain experience and learn about the latest developments and products global banking.

Indicating that the bank during the last period began financing of large projects in the sectors of housing, industry is also working on monitoring work on projects funded in order to achieve the objective of the funding process for these projects.

At a time when being worked on expanding the network of correspondents in the various countries of the world in order to expand the size of the domestic trade with various countries of the world.

And also has been initialized all measures to create a cadre privileged in the process of opening letters of credit, which is the best way to maintain the currency, but in return requires the central follow-up positive activities so that the evaluation criterion balanced not be based on mistakes, even mistakes can be overcome through dialogue and to find appropriate mechanisms, but will not lose sight of what the centrally active role in directing the performance of banks and deal effectively required to unite efforts to overcome mistakes in the future.

He pointed out the importance of spreading the collective management, which should be available in the banking sector because of their role in the promotion of the mechanisms of action of banks, noting that it requires that accompanied legislative reforms that contribute greatly to the creation of an environment adapted to the requirements of the next stage, adding that the laws are detailed important in the work of the banking sector and overall economic where you find that most of the international banks and international companies specialized-rated good considering the legal environment before taking action, and here must work to develop laws and stand up when the object approaches the free economy adopted by the country's constitution.

Increased Jubouri said: that the country needs to be activation energies deactivated in more than one sector and make it contribute to the building of the local economy.

Where you find that the agricultural sector is disabled for three decades and industrial least neglect him and both represent a huge financial resource for the country if the best to deal with it.


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