************ Mokhtassan: the size of the strategic projects requires the development of the banking sector

8/9/2014 0:00



Stressed the importance of reconsidering the distribution map of the banking
BAGHDAD - Hussein al-Tamimi Tgb



Banking affairs specialist confirmed that the process of development banking linked to the opening up to the global banking systems and the capacity to work on the supply of advanced technology and certified in the biggest banks in the world.

Said Nazim Mohammed Ugaili in an interview for the "morning" that the banking sector needs to be developed all the joints in terms of banking systems developed by the expansion of the size of the products offered to the public beneficiaries at all levels, as well as the creation of a cadre administrative specialist youth has the ability to harmony with the new high-tech trains in the best country in the world in the development of the banking sector.

He pointed out that the country enjoys the attention of the global banking sector, where it began a major international banks in the presence inside the yard of local labor through open branches practiced banking activities to a high degree of technical as well as the size of the products great offer, pointing out that this matter must be paid local banks to expand their products to compete with the new, who attended to the country.

The economic expert Muzaffar Jalal has pointed to the importance of the adoption of the recommendations of the First Banking Conference for its role in the development of the local banking sector, which awaits a large volume of work.

He Ahmahaadh considering legislation and laws that regulate banking and modify the Banking Act No. 94 of the 2004 Act and the issuance of Islamic banks because banks are allowed to assign the support and development programs.

He stressed Addourh establish a development bank which contribute to private and state banks to finance major projects, and another bank to finance small and medium enterprises in order to work on the reduction of unemployment.

Promised to call for the establishment of a training center bank takes it upon himself to train qualified banking on the best technologies of banking and call for the expansion of the modes of financing long-term rather than focusing on traditional products, a necessary step at the present time, as well as strengthening cooperation among banks and the central bank with the need for bank CBI by finding a pattern of supervisory and regulatory justice to monetary policy, also pointed out the need to develop risk management in accordance with the Basel 1 - 2 - 3 for coordination with the supervisory authority, as appropriate for the work of banks.


He continued by saying that the country is on the verge implementation of strategic projects large need to be advanced banking services, which leads to speed in the work to promote the products global banking, according to the plans of action-minute take on the re-distribution map of local banks, according to Hhm work in every city and need to the actual number of banks as well as population density.


http://alsabaah.iq/ArticleShow.aspx?ID=75511