Bitter melon: confident of the ability of banks to make it a success
BAGHDAD - morning
President 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 predicted the depositary of the President of the Association of bitter melon to witness the Iraqi private banking sector a significant and tangible development after the Association was able to settle things 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.
Handal said in a statement the "morning" on the sidelines of the General Authority for International Bank of Assyria, that the signs carried out by several central support on the road and assigning specialized banks and direct banking activities, what would make them exercise their competencies to the fullest.
He added that the decision to launch the Central trillion dinars to the amount of private sector lending by private banks is the first after the experience of the need to touch the supportive role of 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 after the banking 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" on the launch date loans for projects Small and medium-Handal revealed that the committees in charge has ended its status and has ratified and 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 of the private banking sector and to support all the 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 progress Services 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 banks that committed to the central 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 .
[You must be registered and logged in to see this link.]