##### Completion of economic studies for the restructuring of State-owned banks

Post 29 April / May 2013 11:09

BAGHDAD / Center Brief for the Iraqi Media Network (IMN ) - Completed the Higher Committee overseeing the restructuring of State-owned banks Rafidain and Rasheed economic and technical studies necessary for the implementation of political restructuring.

A member of the Commission's Majid picture (IMN ) That "all the studies that have been developed for restructuring of State-owned banks has been completed and استحصلت approval by the Supreme Committee supervising and Minister of Finance and the Governor of the Central Bank and Chairman of the Board of Supreme Audit."

He added that "the absence of political الاردة basic problem related to the restructuring of the banks," pointing out that "the acceptance of an existing virtual, but الاردة the implementation of political conflict with the interests of the administration."

He pointed out that "the problems have been diagnosed recognized international institutions solutions have been developed, and are only waiting for the application."

Experts see local and international economists that re ھیكلة the Rafidain and Rasheed conditional on the process of legislative reform for the banks, which is commensurate with the aspirations of the banking business in Iraq.

Handles banking process 90% of them state banks and 10% civil banks, which requires improved fact-oriented banking in the country significantly.

The restructuring plan includes four axes banks,'s Cgalah restructuring banks and strategic restructuring and revaluation of cash assets of the two banks, and re banks and accounts audited by an external auditor.

From: Ammar Ali, N.: PG


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