View Full Version : New banking facilities

Hue Mi
09-19-2013, 04:59 AM
New banking facilities (http://www.alsabaah.iq/ArticleShow.aspx?ID=54619)

19/9/13 12: 00 am

The Association called on private banks in Iraq to make major changes to the banking community and bridge the gap between them and the State banks.

The Executive Director of the Association of private banks in Iraq Abdul Aziz hasoon said in an interview for (morning): "there must be a Committee of the Central Bank and private banks to discuss the amendments and find a formula and plan for the work of the private banks.

The source familiar with revealed several modifications will be taken on the work of the private banks, indicating that these amendments will be made in the next few days.

"goldfinch" private banks constituted 15 percent of the assets of the banking system, while the three State banks in addition to specialized 85 percent, as banks were inactive because of their capital is not running properly through investment.

The Executive Director underscored the need to repair flaws in the banking system and the gap between the Government and private banks,

noting that private banks with very high performance level, but idle in use is technically in the market, especially as the number of branches than State banks, and business systems "online OnLine" all branches tied with General management of the Bank, as well as to all branches converted amounts in real time, and use of electronic instruments, it all comes on the contrary Of the State banks still operating on a manual system, he said.