Orientations for the adoption of advanced banking services in Iraq

17/09/2012 12:00 am

To raise the reality of banking services
BAGHDAD - Hussein Tgb Tamimi

A number of experts stressed bankers need to activate the reality of banking services in private banks, to افتين to the domestic banking system late for the world in the most important aspects because of the period of interruption from the world, which has seen through introduction of international banks New facilitate the process move money electronically and through different cards perform services in addition to easily see the customer account and withdraw money from bank branches specified wherever found.

International expert Wael wheel said: that the reality of the private banking business in Iraq need to promote greeting banking structures, as it requires the acquisition of advanced banking technologies, which also require training a human specialist trained cadre in states adopt programs advanced banking have the ability to transfer its expertise to the Iraqi human competencies through a dedicated team in all joints banking work, and pointed out that specialization is missing in the Iraqi private banks, which requires the creation of efficiencies competences minute and if there are clear policies and the adoption of international standards in information security and advanced technology to lead the next phase.

He added the wheel in a press statement that the development of the banking sector has to start from the bank employee and defined by international standards and this leads to the use of modern technology and the use of security systems and protect the customer who trusts the bank through its service.

Stressing that the customer when he was able to reach their account electronically and outside working hours means that banking systems are going in the right direction ..

The international economic expert Jihad Normal has stressed the need to enter the academic side in the precise terms of reference and making this through the adoption of advanced curricula and practical tests.

Pointing out that the certification engineer accounts for example is general competence and today we are going to adopt plans short, medium and long term for the development of the private banking sector to continue sessions the first 6 months, pointing out that the bank United Investment adopts this step as a prelude to making international banking services, and will be applied to the new system did not find staff has informed on this system, which requires that all employees be trained on this trend, and pointed out that the adoption of the regulations advanced in Iraq the customer C_lemsh during the year and a half and this is the nucleus of development for the next stage ..

He noted that the current period is witnessing the training cadre be a specialist in the opening credits in accordance with international norms, noting that local banks have a great desire to gain a lot of experience, but does not give him a chance to enter the international regulations advanced that can promote international banking services.

Economic expert sword Hilfi told (morning) that the next step requires the creation of developed banking product fits the reality of the work that awaits the country, where large and investments that need to be diversity in the banking services provided by banks.

Which requires the recruitment of international experience for the advancement of the banking business by hiring those competencies in a serious attempt to transfer advanced technology to map the future of the work of local private banks.


He added that the country has a large investment portfolios in various productive and service sectors as well as to economic aggregate loan administration and this needs to be strategic mission and preparing plans to implement the requirements of the promotion of the private banking sector, which began relying possible of advanced systems .

He added that the diversity of services is widespread and needs international expertise to raise the reality of banking services, offering our banks today from 7-10 while banking products find high banks offer more than 100 bank product. Which leads us to the proper planning to reduce the gap with international banks, especially as the reality of the country requires this diversity by virtue of field capacity of local action. He noted that the work tends to reach the 30 products offered by private banks.

The application of advanced systems does the reality of the work of the banks through multiple services adopted by banks and competition among all banks.

He predicted that the coming period will witness the entry gradually banking services at regular intervals.

He pointed out that international delegations relay and the reality of the work of the private banks of the trade project and the IFC to help develop curricula work of banks, as well as the agreement with the banks to set up large investment portfolios and advanced.


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