View Full Version : Raising capital banks supports the development

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07-08-2014, 03:36 PM
Raising capital banks supports the development (http://www.imn.iq/news/view.46477/)


08/07/2014 06: 23

Interact most local private banks with Central Bank instructions governing the functioning of the financial transaction in the country.

Member of the Association of private banks in Iraq meek bitter melon said in an interview for» morning «the private banks played a major role in stabilizing the financial situation in the country, especially after most banks raised their capital to more than 250 billion dinars.

He pointed out that some of the banks move beyond the capital to the limit and went on to distribute profits among shareholders, this is due to the successes of the national banking sector that provides advanced banking technology, which in turn increases the number of products provided to customers.

The Executive Director of the Association of private banks in Iraq Abdul Aziz Hassoun that banks offer to discuss the annual reports to shareholders and in the presence of representatives of the Central Bank of Iraq and the media and is not competent to establish the extent of disclosure and transparency adopted by departments at work to show the strengths and weaknesses of each.

Finch said in an interview for "the morning that the banking industry has achieved many successes in the field of currency across its range of sophisticated banking products required by the customer to make financial dealings.

Bitter melon returned to emphasize during the annual meeting of Ashur, the observations made by the members of the General Board on the annual report and accounts reflect the interest of members of the general body of the Bank's activities and to strengthen its capacity in its successes.

He noted that most banks have exceeded the ceiling set by the Central Bank's ceiling of capital and this confirms its success, especially that some of them went in the direction of the distribution of profits among shareholders after all altzamth covered by regulations issued by the Central.

The Bank is aiming at enhancing the scientific capacities through agreement with international organizations engaged in the banking business and enhances human capabilities through internal and external training programmes.
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