BAGHDAD - morning
head of the Iraqi private banks association said that the current stage requires concerted efforts to promote the economic and financial reality of the country and mitigate the impact of crises and shocks that beset the developing economies, including Iraq.
He expected President of the Association meek Handal to witness Sector Iraqi private banking large and significant development after the managed Association things settle with the new Central Bank on the road to a fruitful and constructive cooperation of cemented financial situation and strengthen the role of the banking sector and its contribution to development.
He said Handal told the "morning" on the sidelines of the General Assembly meetings of the Bank of Assyria International said signs of several carried out by the Central on the road to support and assign banks and direct specialized banking activities, what would make them exercise their competencies to the fullest.
He added that the central decision to launch an amount trillion dinars to lend to the private sector through private banks is the first after the experience touch the need for a supportive role for development. He described the relationship between the Central Association as the best way to restore confidence in banks by the public on the one hand and raise its reputation among international banks as reflected in the development of the banking performance on the one hand Thanih.wachar to other supportive measures concerning the lagging banks and research the possibility of assistance and advancement again to her husband in the process of work banking after the reform would.
He Handal confidence that the Iraqi private banks to be able to deal with this initiative and what lead to the success of its goals in providing job opportunities for the unemployed and provide products and small industries and local medium contribute in supplying the Alsoq.ovi answering the question: "morning" launch date of loans to small and medium-sized enterprises revealed Handal for the committees in charge has ended its status and has ratified and the banks are now receiving requests for consideration and decision in lending soon.
For his part, Executive Director of the Association of Iraqi private banks Ali Tariq said that the Association is closely following the reality of the work sector private banking and supports all banks by creating a perfect her airs work in collaboration with the Central Bank, pointing out that the banks were able to exercise its work despite inter challenges and today we find service providers and check earnings and maintain its employees and its customers, despite the financial hardship, noting that we are today in this meeting, we find Bank of the UNESCO as one of the brightest central banks that have committed instructions and was able to raise the capital to 250 billion and made a profit and a contract with an international company to monitor the final accounts and the evolution of his credit.
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