Urging the expansion of central banking activities
29/8/2016 12:00 am
CBI student eligibility banks need to adhere to the instructions and controls to enable it to promote the private sector and increase the confidence of citizens, and contribute to higher levels of financial innovation after declining significantly over the past period.
The Central Bank said at the annual meeting of the Islamic National Bank: expansion of Bank activities to attract the largest number of beneficiaries of citizens and companies, the Central Bank focuses on important aspects in the work of private banks in sponsor money handlers compliance, risk management, internal audit, and these are important things to contribute to the big one in maintaining banking and touch You want to score points, and helps reduce losses of banks and their branches.
Either high-Leith, Deputy Chairman of the Islamic National Bank pointed to competition facilitate coping mechanisms and the recycling of funds between banks and Government departments and acceptance of instruments issued by private banks.
He said: to stop the growth and investment banking activities, and the financial circumstances of the country and the trend towards austerity prevented the expansion of banks and halted plans to expand horizontal.
Islamic banking expert Dr Dr Sadiq al-shammari said: the Central and private banks gather on the need to promote human resource almtkhessih various activities and banking products, and the development of systems and technology needs to be highly qualified, pointing out that the banking sector needs to develop systems and make them compete for regional and international banks.
The rapprochement between Central and private banks will create an enabling environment for development banking, where banks operate in accordance with the instructions of the central regulating various activities and services and pursue things.
He stressed that Islamic banks were expanding rapidly, the horizontal growth of having huge demand worldwide for its products represent attraction for their profits commensurate social orientation And economic.