called banking expert Samir النصيري to expedite the issuance of the Law of Islamic Banks and reconsider and amend other laws related to monetary policy.
added النصيري told (morning) that the establishment of the Bank for Development and funding contribute to the private banks and the government to finance major projects and the expansion of the formulas long-term financing and the development of financial instruments currently in place will improve performance banking in Iraq.
, calling for action and coordination with the World Bank to activate plans to restructure state banks and lay the foundations and pillars of Applied and interlock between the government and private banks in the areas of development and modernization in the banking business.
and the expert Banking importance of twinning widespread among government banks and private banks, on the one hand and between international banks the other hand, in order to develop payment systems, banking and regulation of financial trading and cash them and the need to complete the project divided nationally. pointed to the need to develop and expand banking services provided by banks that are averaging limits (15) service down to (51) service contained in the provisions of Article (27) of the Banking Act No. 94 of 2004, in addition to taking the necessary measures that contribute to increasing density bank which currently stands at a bank branch and one for every 40 thousand people, which is low compared global standard for a bank branch and one for every 10 thousand people.
stressed the importance of the private banks to provide syndicated loans jointly and in excess of large capacity for developmental purposes lending any of them, what contributes to meet the demands of this type of loan. As well as the collection of bad debts by addressing credit concentrations, and focus the efforts of banks in the collection of overdue loans and debt repayment, and to develop appropriate financial reserves to cope with risks. He pointed out the importance of strengthening governance of commercial banks through the application of the Charter of the Organization for Economic Cooperation and Development on practices peaceful corporate governance. Said النصيري importance of establishing companies chock the banking business through the establishment of a company to guarantee deposits in private banks as well as the establishment of a company to ensure credit and follow-up and study the market risk. Calling to develop a plan to achieve future mergers between private banks to create large-scale banking units can occupy an important space of the local banking business
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