Nozad dry calls for Iraqi banks to develop its relations and partnerships with international banks

Posted in Business & money Tuesday, 24 September, 2013 16: 52
Baghdad/future news:

The representative invited the Iraqi banks in the Economic Commission of the Council of Ministers nozad opener, Iraqi banks to develop relationships and partnership with the World Bank to strengthen the role of the Iraqi banking sector and the possibility of providing the best banking products, contributing to the reconstruction of the country. dry said the national Iraqi news agency/Nina/on the occasion of the first banking Conference of the Association of private banks in Iraq from the current 28-29 September

"The present stage requires the banking sector going towards a multiplicity of services provided to customers at different levels, particularly businessmen or companies wishing to invest," guy recorded many Iraqi banks this year have good growth in business in the light of the positive features of the anticipated Government spending on development and reconstruction projects that would promote the growth of revenues from banks and their borrowing.

"dry expressed hope that comes out of this Conference fruitful results for the sector and that Iraqi banks now Own solvency position to accommodate the requirements of its role in contributing to development programmes, many international banks have expressed willingness to cooperate with Iraqi banks and provide necessary facilities to activate joint cooperation with it."

"The Iraqi banks need to accommodate new developments in the world and the use of modern technologies in the performance and technical culture among workers in this sector with the enactment of laws and legislation that help the private sector to continued growth, adding" the important role of the Central Bank of Iraq in this area and follow the ongoing activity of banks and address its failures.

"dry" noted that it was not possible to make comprehensive development without a modern banking sector, meet the need for advanced services, so we count The first banking Conference for Iraqi banks to be required to plant a strategic sector in adopting new methods for hedging risk with the search for more sophisticated control systems, compliance with international standards."

Dry, who heads the Board of Directors of the North Bank for finance and investment, "the Bank increased its capital to 265 billion dinars, he said, among the proposals to broaden the base of its products in what it takes to be in the talaih sector in terms of the results to be pursued both for shareholders or for the clients of businessmen and traders and companies benefiting from the Bank's growth in the areas of funding and operational programmes.

The Association of private banks in Iraq will hold its first banking conference under the slogan (the Iraqi banking sector-reality and challenges) for the period of September 28-29 in Baghdad".
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