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Guarantee deposits and compactness

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1 Guarantee deposits and compactness on Wed Jun 15, 2016 4:28 am

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Guarantee deposits and compactness

Writer:Yasser Metwally
15/6/2016 12:00 am


Find experts in cash to guarantee of deposits can contain money stashed away in banks citizens what motivated to play their role.

Now the Cabinet has approved the draft deposit guarantee system adopted by the Central Bank in a step of it to encourage savings.

Under this system will be established to insure deposits that I always called her finance and economy experts to restore confidence in banks by the public to encourage them to save their money instead of her firmness.

It should be noted that estimates of money stashed away $30 trillion dinars and that the money could occur advancement if invested properly and you can skip the country alasmhalti.

A successful step taken by the Central Bank, but I find that the requirements for the success of her work on legislation to guarantee deposits and not a system later fame requires Association of banks set up sensitization program of the importance alakhar this corresponds to the same banks secured by introducing incentives help attract deposits competitive initiatives.

The confidence with the banks returned to the central special direct good banks and evaluation rating system transparent to help citizens choose successful ones to put his savings guarantee central assessment.

Finally, the Association of banks should make a questionnaire on a quarterly basis about the sustainability of the increase in deposits alopecia percentages to study the effect of this system and work to develop the law in cooperation with the Central Bank to widen the circle of trust banks and encouraging customers on deposits.

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