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Banker: the idea of transforming the private banks to financial institutions will organize their work and promote the national economy
Date: 25/10/2012 05:23:55 Thursday
Baghdad (news) .. Called banking expert Mohsen Ali, the need to transform the private banks to financial institutions large to enhance the financial assets and organization of work, which will promote the national economy.
said Ali (of the Agency news): The idea of the central bank to convert the private banks to financial institutions large through integrated Baovernmah will organize its work and enhances its financial position by increasing financial assets. added: Some private banks declared bankruptcy in recent because there is no law discreet organizes its work and the absence of strict control and follow-up by the central bank while if turned into financial institutions large will develop their work and contribute to the advancement of the national economy . said: that private banks when running large financial institutions will make its ability to promote the economic reality of the country, it works a special law by organizing its work under the supervision of the central bank or government agencies other affiliates. This confirms the CBI that the number of private banks reached in Iraq to 40 banks while capital is still weak and need to be that banks more aggressive with each other to form a capital strong. referred to the government banks dominant 92% on the domestic market and private banks do not exceed their dominance of the 10% it does not take space from Iraqi market, according to the central bank. CBI seeks to restructure private banks in line with the general structure of the Iraqi market and the nature of its relationship with other global markets. / end / 8. n. p /
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Date: 25/10/2012 05:23:55 Thursday
Baghdad (news) .. Called banking expert Mohsen Ali, the need to transform the private banks to financial institutions large to enhance the financial assets and organization of work, which will promote the national economy.
said Ali (of the Agency news): The idea of the central bank to convert the private banks to financial institutions large through integrated Baovernmah will organize its work and enhances its financial position by increasing financial assets. added: Some private banks declared bankruptcy in recent because there is no law discreet organizes its work and the absence of strict control and follow-up by the central bank while if turned into financial institutions large will develop their work and contribute to the advancement of the national economy . said: that private banks when running large financial institutions will make its ability to promote the economic reality of the country, it works a special law by organizing its work under the supervision of the central bank or government agencies other affiliates. This confirms the CBI that the number of private banks reached in Iraq to 40 banks while capital is still weak and need to be that banks more aggressive with each other to form a capital strong. referred to the government banks dominant 92% on the domestic market and private banks do not exceed their dominance of the 10% it does not take space from Iraqi market, according to the central bank. CBI seeks to restructure private banks in line with the general structure of the Iraqi market and the nature of its relationship with other global markets. / end / 8. n. p /
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