Features of the banking reform
10/9/2016 12:00 am
It seems that national initiative for Central Bank and Government of developmental loans to large and medium-sized enterprises and small and micro enterprises has created the need for fundamental reforms in the structure of the banks and the legislation that governed by these secretions emerged when applying and implementing mechanisms lending, hitting challenges and constraints receded of laws and weak implementation being old and constrained to the banking activity, especially in the suburbs.
Manat for retrieving loans and real estate leading to increased risks borne by banks which impede implementation.
These appearances are paid by the Central Bank and the Association of private banks to raise the interest of several lifelines, including training courses for human resources in several directions besides specialized committees on legislation chock to ensure the success of the initiative.
Specialized technical committees have gone to find legal outlets to liquefy and streamline procedures with the possibility of recovering loans and thus contribute to the expansion of the lending dayret El re7la to upgrade the developmental goals.
These discharges are also led to the need to speed up the process of restructuring of State banks, and coincided with the receipt of young leaders and administrations believe in reform, which facilitated the restructuring process quick results lay Pant correct initiatives for these departments.
To that important activities spotted Arabic Bank Union and Iraq is an active member on the level of participation in global financial decisions through the opening of a representative office in Washington to communicate with sources,
this development is important because Iraq especially in the bridges of trust with global banks correspondence to serve the foreign investment process in Iraq.
The positive situation, we find it necessary to work from now on achieving true partnership between Government and private banks through their Association of banks, instead of a private association to take advantage of this opportunity of Arabic banks Union Avenue directions perpetuates communicate these sources of international financial decision some features of reform that I read in these developments and talk related to this important subject in subsequent columns.