********Government program to ensure the reform of the banking View

11/25/2014 0:00

Private banks are preparing to hold a second conference

 BAGHDAD - Hussein al-Tamimi Tgb

 Preparing Association of private banks in Iraq for the second banking conference in Iraq in 2930 for the period of this month under the banner "private banks strategic partner to improve the national economy."

This was announced by President of the Association of private banks in Iraq and Wadih Handal at a press conference held by the Association yesterday in the presence of MP Mehdi al-Hafez and experts Kamal Al-Basri and Majid picture.

He said that the conference, which will be under the auspices of the Prime Minister Haider al-Abadi and with the participation of the President of the parliamentary finance committee, Ahmad Chalabi, and a number of officials in the legislative and executive branches will discuss the reality of the Iraqi banking and ways to fulfill its role in development.

Attend a regional

Handal In a quick reference to the role of the Association in promoting cooperation between the banks and the executive and legislative bodies and said it has made efforts resulted in the preparation of this unique conference, referring to the widespread presence of representatives of Arab and foreign financial institutions, led by Ahmed bin Maktoum from the United Arab Emirates.

He added that the Association's efforts are focused on building a sophisticated banking sector through the delivery of a cry of private banks to play a role in the development, which is found to resonate in the government program to the aspirations of the private banking sector in the paragraph that indicated to reform and legislation and laws contained in the program more than once, the banking sector in response.

Then invited MP Mehdi al-Hafez, for its comments on the conference program and who spoke said that this conference is an important step in this phase experienced by the country, as the situation intensified, which calls for solving the problems of the banking sector and the urgent need for her husband in the national development process.

Partner in Development

He said it was necessary requirements necessitate research thoroughly about how to make private banks, real and direct partner in the development, and perhaps the decline in oil prices, the best catalyst for the adoption of other economic seminars to compensate for lower oil yield in this development, pointing out that the title to make private banks strategically partner but perfectly match the needs national and current conditions in the words of Hafiz, adding it's time to stop all Altcolat to suggest that private banks live off the state and prove their worth as a direct component and a pioneer in the development and its direct contribution, and it follows that the second banking conference will be an opportunity to give a summary of the tasks and the trends that will rise by banks in this circumstance Alrahen.fima financial expert D.kamal visual spoke about the tasks that are expected from the banking sector to play in the eradication of poverty as well as the infrastructure of these workers returned from the basics of political and economic stability in any Bld.oukal since 2003 and so far no effort government or able enough in the face of these challenges, and that economic growth does not take place by the public sector but to be an active role for the private sector must be universal enlightenment experiences preceded us in this area, wondering why our private sector does not work on the development of events?

Abizaid said the answer to his question, because the banking sector is unable to support the private sector, including any that the banking sector is the beating heart of the economic body, and attributed the cause to the banking reform that file up and laggard.

Opportunity to present challenges

We are optimistic at this stage and said that we have a prime minister who has the experience and expertise and long experience during his presidency Economic Committee and former mm Parliament problems and economic legislation, and there is a problem Ijahaa country is to review oil prices alternative to solve lies in the banks and that the solution to his problems will be reflected on solving other problems that He repeated that we are optimistic about the events of banking legislation and this conference is an opportunity to display again.

So to occur economist d. Majid picture, stressing the important role of the banks, which require stage solve their problems to stay away from a holistic view in dealing with private banks as to be implicated in Altnumeih.oukal process: that the private banks financial resources if invested properly, there will be a real subject to review laws and restrictive legislation sector development banking and recommendations of the conference is required in this direction and the legislative bodies and the provision's Executive this atmosphere is not economically without the evolution of private banking sector and this is the message of the conference, I believe.


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Banks chance ?!

   

11/26/2014 0:00

Yasser incumbent

The complexity of the Association of private banks in Iraq, the second banking conference next Saturday to determine the main challenges that limit its role as a strategically partner in achieving development, what are the requirements to enable the private banking sector to perform its mission in light of the current stage?

Play banks in developed countries, a major role in the implementation of development programs by providing the necessary liquidity and well-managed and programmed to serve the requirements of companies that are the most important fundamentals provide banks with financial solvency and high capacity on Ansiabatha leading to facilitate the work of those companies, then the banks reputation at the forefront of requirements .

Here in Iraq banks experiencing despite the availability of financial solvency and high administrative Amtlakhalkaddrat upheaval and chaos because of legislation that are governed by, and now that legislation is appropriate and inappropriate to the requirements of the times in the speed and accuracy requisite to comply with the requirements of the companies.

 This situation reflected on the bank's reputation and made companies is confident of their ability to fulfill its obligations, Maittalb work to restore bridges of trust in the banking sector through the correct aspects that led to this negative perception .agd today in the banking conference a valuable opportunity for the establishment of private banks offer challenges boldly and transparency in particular, and we are feeling in the government program contents and orientations focused to achieve economic reforms in forefront of the banking reform to its importance in the promotion of all economic aspects in the country .mtalob of the Association of Banks, a legitimate representative has clarified the picture and work to modify Pmaatanasb and the weight of these banks, as there are weak and are not eligible banks but not the general character Valrabotth required to work on the correct path in order to the new legislation will be a guarantor for the performance of the banking.

 Then there is a belief that the private banking sector to make a living on the state at a time when billions owns Off and untapped because of crippling laws, so we said that the conference a valuable opportunity to view these challenges and processed immediately begins to work and correct this Alnzerh.an problem facing the country's economy due to the drop in oil prices highlighted the need for the role of private banks in the development of over compensate for the lack of resources propositions must be the level of importance of the conference does not go side applications is feasible and here's an opportunity in the hands of private banks, we will follow up to see how Istthmrhma Conference in snatch rights Time is running out.


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