Association of private banks refuse to establish a body on the private banking sector
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Association of private banks refuse to establish a body on the private banking sector
Admin Mon Oct 28, 2013 6:50 am
28-10-2013 10:33 AM
Baghdad (news) .. Association of private banks refused to establish a body on the private banking sector, saying it will not be able to end the problems banking sector but ستزيدها of the additional burden.
The executive director of the Association Abdul Aziz Hassoun (of the Agency news): that the private banking sector is directly linked to the Central Bank and there is no problems between them, as the Bank has directed banks applied on the ground.
He added: that private banks are suffering from many problems, but this body when established will can not be solved but ستزيدها the additional burden, noting that these problems need to be considered and researched by the central bank and other stakeholders in order to solve them.
He stressed: the need for the private banking sector remain under the control and supervision of the Central Bank, warned of isolation from one another, which may affect the banking business in the country. / End / 8.'s. M /
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