Iraqi Dinar
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Report: private banks suffer government neglect and the absence of laws regulating the work

Go down

Report: private banks suffer government neglect and the absence of laws regulating the work Empty Report: private banks suffer government neglect and the absence of laws regulating the work

Post  Admin Sat Jun 30, 2012 1:33 pm

Okay if any one can help please help me!


30-06-2012 | (Voice of Iraq) - Add a comment -
Baghdad (news) Report - dreams Furaiji

Economists said the deputies in the Parliament that there was negligence and clear by the Iraqi government to domestic banks operating in the country, because of the absence of laws regulating the work and stand in front of her, urging the government to legislate all the laws on banks eligibility and the provision of bond support by the central bank to end the crisis of confidence between private banks and citizens.

The member of the Finance Committee MP / National Alliance / Haitham Ramadan Jubouri (of the Agency news): The private banks suffer from the actions and many laws are an obstacle in front of functioning, indicating the following: that the increase in private banks and to increase their capital is a catalyst for investment.

He added that the private banks in Iraq suffer from capital is low and there is no supported her, such as the CBI, which does not give a guarantee to domestic banks what drives the customer to not deal with it and the fear of loss of his money, saying: lack of encouragement to the domestic banks and the private sector by the central government.

And between a member of the Finance Committee: The House of Representatives has not yet begun the laws governing the work of private banks, adding that the government banks to have something of a moral powerful as a result of ownership of Guanyin wide open by the parliament granted by this character, while the private banks do not have a corporate status, which led to the reluctance of officials and government departments to deal with it.

The Jubouri: that most of the letters of guarantee that comes from the private banks is not by force enjoyed by the government banks, indicating the following: letter of guarantee that the companies are doing to engage in tenders or auctions of the State.

For his part, said economic analyst for the spectrum Abdul Salim (of the Agency news): The private banks are supposed to be working to promote investment but banking policy pursued by the government does not encourage domestic investment, he said: You should be sources of income the state portion of the revenues that come of private banks.

And Salem: that most people have large amounts of cash but they can not be Eodauha in banks as a result of the crisis of confidence for bad and actions are not encouraging in place by the government, which requires the citizen to bring a sponsor when depositing funds and provided that the sponsor has an account notebook in the bank, pointing out: that all citizens pay this routine to shy away from the deposit of funds in the National Bank.

He pointed out: that the loans provided by private banks are not encouraging as there are significant benefits to the bank while the interest rate that gives an applicant does not fit very few, and the amount of money which borrowed.

On the other hand confirmed member of the Finance Committee MP / National Alliance / Najiba Najib (of the Agency news): The private banks enhance the work of government banks is a catalyst for the advancement of the Iraqi economy.

She pointed out: that the Finance Committee is seeking to hold conferences to discuss the problems of private banks, "exclusively" and find appropriate solutions.

And called on Najib: Government to legislate all the laws on banks eligibility and the provision of bond support by the central bank to end the crisis of confidence of citizens banks eligibility and attract government departments to deal with it, she must activate the investment and use of expertise in foreign and electronic transactions that enable the rise of the reality of Iraq's economy.

As the Director of the Association of private banks Abdul Aziz Hassoun in his speech (of the Agency news): The private banks basically are the homes of a financial fund any economic event and as a result of the laws cruel and neglect the great from the government to domestic banks to make it with a negative character and with a bad reputation.

And: that the central government does not provide for domestic banks the most basic needs such as electricity, security guard and wheels to move the money from the center to the banks, pointing out that all these requirements provided by private banks self.

He Goldfinch to: that the procedures and strict censorship imposed only on the private banks, leaving the government banks navy leads to increased cases of financial corruption in government banks.

On the other hand between the adviser to the CBI the appearance of Mohammed in an interview (of the Agency news): The capital of private banks is sensitive and risk neutral toward what leads to the occurrence of major problems in dealings with the administration.

He explained: that the duty of the Central Bank is to issue instructions and regulations and protect the banks from collapse and to large losses as a result the errors committed in the most private banks, noting that the country to promote the private sector because of its great importance in spite of the problems experienced.

Saleh added: the duty of the central bank to encourage private banks and to provide her all his strength indicating the following: that the private banks grew up in difficult circumstances since the era of nineties.

He stressed the central bank adviser on the need to: be subject to private banks is determined by the standards of modern accounting and control and how to manage the risks that cause obstructions and cause great loss to the bank and deposited his money where citizen.

Read more: http://translate.googleusercontent.com/translate_c?hl=en&ie=UTF8&langpair=ar%7Cen&oe=UTF8&prev=/language_tools&rurl=translate.google.com&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D62941&usg=ALkJrhjE6nteoGXDBTpQMmJdKIXViViRcQ#ixzz1zIanEgrZ

Admin
Admin

Posts : 29357
Join date : 2012-04-30
Location : Arizona

https://iraqidinar.forumotion.com

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum