Bankers: the enactment of the deposits will develop private banks

Ali Salman - 02.02.2014 AD - 4:04


Bankers expect, and economists that the bill achieves bank deposits, a shift in the economic reality of the work of private banks in Iraq.

 She said a member of the Finance Committee in the House of Representatives Najeebeh Najib: The Commission is about to hold a workshop with experts and bankers, for taking their proposals on this law.

He said the Executive Director of the Association of private banks Abdul Aziz Hassoun, that these banks have a significant economic weight in the country, and that the enactment of the deposit protection, will increase the confidence of depositors out, what leads to the capital increase.

On the other hand, attributed the economic expert Majid picture, delayed a number of banking laws in the State Consultative Council of the weakness of professional economists in it, and that these laws in the event of approval, banks will lift capacity, and support the private economy.

Among the controls set by the central bank earlier in the domestic banks that are not less than the bank's capital from 250 billion Iraqi dinars.

The total capital of private banks of the 30 banks in the whole of Iraq more than seven trillion dinars.

The project, to protect the deposits of citizens, in addition to a set of controls that are still working on the central bank, under this law, including the possibility of increasing the capital of private banks through deposits and government ministries.


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