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Hue Mi
09-18-2014, 08:59 AM
Requirements to improve performance in banking (http://www.alsabaah.iq/ArticleShow.aspx?ID=78092)

18/9/2014 12: 00 am
Yasser Metwally

Economists are counting a lot on the importance of the banking sector in achieving reconstruction and development provided that it has the capacity, skills and financial solvency in the implementation of development programmes, the question arises whether the sector has this specs?.

The answer is Yes and no..

How? In terms of solvency is to reasonably well positioned to achieve its goals, having carried out the instructions of the Central Bank in raising venture capital money to 250 billion dinars to each bank in which more than 40 rate that banks exceeded this number and a few still written for urges and I mean here the private banking sector.

with the solvency requirement that any private banking sector still needs the The other conditions to be met regarding the skills, capacities and expertise and this is very important in the recruitment of the solvency requirement is not available, unfortunately, despite attempts by the departments of banks and good strides but the problem lies with the relevant authorities and State banks in modern techniques and skills have so dominated the results achieved in the private banks and undermined for reasons of naked It is for professionals and concerned too.

and now, with the launch of the first Government program the private banking sector is particularly important and reliable implementation of development plans, you need to go out an interest towards this assignment and rise up to demonstrate the ability to address the historical responsibility in building the country through completion of the conditions noted by requiring strategy outlines steps starting off by banks with a sense B economic expert against Sayegh and a worthiness.

the private banking sector through its gate (Association of banks), which represent the link with the legislative and executive authorities unite his vision to develop ideas about the basic requirements for the advancement of the performance, provided that immediate demands and exceed individual, but take real demands on the supporting legislation and ways to overcome the errors of the sector in Its relationship with the Central Bank, which led to the loss of confidence and contributed to arent banking due to errors committed by some weak banks and failed banks are discreet but reflected on the reputation of banks and the banking sector in general because of the actions of all without exception.

it's time to correct the course of the banking sector in its relationship with the Central Bank supervision and sponsors based on the role expected of it in this new stage, especially since the Government sent letters to make the banking sector able to shoulder its responsibilities, is required It prepares and provides all the banking requirements and construction kits sober and assume Association of private banks in Iraq responsible for the qualitative development in the performance of the private banking sector, the Government sector we have with Flash and another Hadith in context.

Will-it-happen?
09-22-2014, 08:13 PM
but what does this mean in practical terms ?

dinar_dude
09-22-2014, 08:22 PM
It's speaking about having private banks have a larger role in the iraqi financial sector.

Will-it-happen?
09-22-2014, 08:32 PM
lets hope that includes warka