Tomorrow Press / Baghdad: Take bank manager Rashid Kadhim fistula, Monday, that private banks do not exercise their role properly decree, calling for reconsideration of the laws associated with the work of banks and the introduction of technology in various uses.
The fistula for "tomorrow's Press," said that "Iraqi law includes 13 thousand law and material make the Iraqi economy is a socialist economy and that it needs to re-consider the seriousness of the economic growth and Mali," adding that "the private banks do not exercise their role decree properly therefore touches everyone shortage in the banking business of Iraq. "
He fistula that "private banks and government demanding a boom in financial transactions without laying the foundations of a genuine of this development by the relevant legislative and executive branches of Iraq," stressing that "the proportion of capital in banks government representing 1% of the total capital of private banks operating in Iraq and this gives Eligibility banks preference in terms of the possibility of liquefaction capital and provide loans for different views. "
He fistula that "although there are 43 banks waged in Iraq, but that the proportion of deposits which do not exceed 14% compared with the government banks that the proportion of the deposit where 86% of deposits college," and urged to "reconsider the laws associated with the work of banks and the introduction of technology in various uses the client to facilitate the task of dealing with any of these banks. "
He was a member of the Finance Committee in the House of Representatives Secretary Hadi Abbas considered, on Monday (21 October 2013), that the reality of government banks is not suitable for the development of the financial and economic, stressing that the restructuring of those banks was launched five years ago has not been implemented properly.
It is noteworthy that the Iraqi banking sector suffers from a significant decline in the performance of the banking and an acute shortage of banking institutions where the number of government banks seven banks with 32 waged banks restricted transactions.