28/12/2013 03:43 PM
Baghdad / follow the Orient: Student experts involved in the banking sector, issuing legislation and laws supportive of the work of the banking system so that they operate according to international standards and increases the level of their contribution to economic growth, especially since the post-Chapter VII requires to reconsider the laws and regulations related to monetary policy and financial, which means creating an environment necessary for new legislation for banks, in line with developments in the banking sector in the world.
promised these experts meeting, which was supposed to be held by the North Bank for Finance and Investment at the beginning of next year, 2014, to discuss and approve the budget of the current year 2013 is an important occasion may be different from previous years, as it constitutes a detailed carries implications for the Bank was able during the ten years of his career that contributes to the consolidation of the sector further successes through rates high growth witnessed by the activity each year.
attributed these experts during a press statement on the occasion near the passage of a decade to establish a bank causes growth Activity bank those conflicting for the existence of a strategy first of which the Board of Directors and executives at the bank results were clear in the size of the solvency and liquidity, as well as the net profits that accrue to shareholders annually in addition to the marked increase in the size of total assets, surpassing this year's 1.685 trillion dinars.
said the Executive Secretary of the Association of Iraqi private banks Economic expert Abdul Aziz Hassoun: The trial balance for the current year is talking about the growth of the bank's activities qualitatively, which was reflected in the achievement of its financial position number is still considered high for the financial centers reached by most of the Iraqi banks, which has become a sign of encouraging and involving positive signs for the future the private banking sector.
For his part, pointed out the economic expert on behalf of Jamil Antoine to: to talk about the evolution of the path of the North Bank in terms of performance and credibility, we emphasize the importance of supporting the Iraqi banks to order that you can overcome the challenges faced by the activity and foremost, to issue laws and legislation supportive of the work of the banking system be made to operate according to international standards and increases the level of their contribution to economic growth, especially since the post-Chapter VII requires to reconsider the laws and regulations related to monetary policy and financial, which means creating an environment necessary for new legislation for banks, in line with developments in the banking sector in the world, and especially in the aspects related to the rehabilitation of the Angels human capable of dealing with the principles of corporate governance and adherence to the standards of the Basel and the rapid changes in the world of technology and respond to the requirements of the transition towards a market economy.
was the governor of the Iraqi Central Bank and the Agency Abdel Basset Turki spoke during a workshop organized by the bank in Baghdad last month , to amend the legal structure of banking "We discussed with the competent legal possibility of amending banking laws, which came by the occupation in 2003, and according to the exceptional circumstances in order to develop and make them commensurate with the work the current banking."
added Turkish "We do not hide the existence of obstacles facing the work of banks, including Article 28 of the Law of private banks, so it's time to put the resolution amending the article in accordance with the controls and mechanisms available to the central, "adding," The workshop was attended by specialists affairs, financial and legal, have an appropriate role and is vital for the development of their ideas. "
and was Chairman of the Board Directors North Bank for funding and investment Nawzad David Fattah, dry, had expressed during a meeting of the shareholders of the bank in the province of Sulaymaniyah, earlier this month, "expressed confidence constantly successes of the North Bank during the period of ten years ago on the foundation and work on the development of his performance, making it the record proportions good growth in the activity and the activation level of participation in the provision of banking services for projects related to the support of the Iraqi economy. "
added the dry, "he expects to increase government spending for the next phase on projects big and important, which is reflected positively on the returns of Iraqi banks, including emphasizes the importance of the future role played by the banking sector the private sectors in the development and investment.