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An economist supports comprehensive banks: The era of specialization has ended
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Economy News - Baghdad
[rtl]Today, Wednesday, the economic expert, Mahmoud Dagher, considered that the era of public banks has “ended” and only a little of it remains, while he expressed his support for comprehensive banks.[/rtl]
[rtl]In an interview with Al-Iqtisad News, Dagher said, “The global banking system ended, not a short time ago, the existence of specialized banks and began the transition to the comprehensive bank that carries out full banking operations, using its deposits and capital to finance these operations.”[/rtl]
[rtl]He added, "The era of public banks has also ended and very little of it remains in some countries, as all banks have turned into joint-stock companies with the same specialization carrying out operations similar to other banks. Indeed, the specialized ones have begun to aim to transform into banking operations such as localization and regular lending in order to be able to continue." .[/rtl]
[rtl]The economic expert explained, “The state has also increased its support for specialized banks and their capital, which does not ensure capital adequacy,” adding, “I support merging the banks in the hope that they will have a longer life to operate instead of delaying.”[/rtl]
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Added 01/03/2024 - 8:31 AM
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Economy News - Baghdad
[rtl]Today, Wednesday, the economic expert, Mahmoud Dagher, considered that the era of public banks has “ended” and only a little of it remains, while he expressed his support for comprehensive banks.[/rtl]
[rtl]In an interview with Al-Iqtisad News, Dagher said, “The global banking system ended, not a short time ago, the existence of specialized banks and began the transition to the comprehensive bank that carries out full banking operations, using its deposits and capital to finance these operations.”[/rtl]
[rtl]He added, "The era of public banks has also ended and very little of it remains in some countries, as all banks have turned into joint-stock companies with the same specialization carrying out operations similar to other banks. Indeed, the specialized ones have begun to aim to transform into banking operations such as localization and regular lending in order to be able to continue." .[/rtl]
[rtl]The economic expert explained, “The state has also increased its support for specialized banks and their capital, which does not ensure capital adequacy,” adding, “I support merging the banks in the hope that they will have a longer life to operate instead of delaying.”[/rtl]
50 views
Added 01/03/2024 - 8:31 AM
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