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Guarantee deposits "step to restore confidence in banks" and overcome the "cons" the previous stage
Baghdad / long-Presse
Guarantee deposits "step to restore confidence in banks" and overcome the "cons" the previous stage
Baghdad / long-Presse
The Central Bank of Iraq, on Saturday, to guarantee bank deposits Inc. is a "fund" iscommitted through which to compensate depositors at bankrupt banks or liquidated, with economic officials promise to move to " the right direction and an incentive" to restore confidence in banks, favored the citizens they may dissipate impact experiences "negative" earlier with private banks.
he said the board of the Central Bank board member Ahmed Rehn in an interview (long - Presse) that " theestablishment of a guarantee bank deposits the company as long as the form of the target of the Central Bank of Iraq since 2004, especially since such a company exists in the world the other , "noting that" thecompany is interested primarily to small depositors, who make up the vast segment of savers as benefit senior depositors. "
Rehn added that" the establishment of the company and to embrace the work requires time and mechanisms supported , "adding that" the deposit guarantee the company will not be investment but will fund or make thecentral bank is committed through which to compensate depositors in general and small especially in theevent of bankruptcy of the banks in which the money or filtered there. "
turn the financial advisor to the Prime Minister said the appearance of Mohammed Saleh in an interview (long - Presse) that" the establishment of a deposit guarantee step direction Inc. the right to build a discreet banking system has the confidence of depositors through the protection of their rights and encourage citizens to deposit in banks. "
Saleh pointed out that" the participation of government banks in the capital of a deposit insurance company can enhance its credit and enable them to pay more compensation to depositors, especially that most of thedeposits of citizens in those banks. " in
turn, the Finance Committee in the House of Representatives rapporteur Ahmed Hama Rasheed in aninterview (long - Presse) that" the Commission will adopt measures that would improve the economic and financial reality in Iraq, including the banking sector development , "noting that" the Iraqi Central Bank seeks to maintain stability, especially private banks through checks issued between now and then. "
He stressed Rashid that" the Commission is pushing to increase banks' capital , which often come from different official bodies, as well as deposits of varying citizens , "pointing out that" depositors in general they fear asylum to the private banks. "
promised a decision parliamentary Finance Committee that" the decision to establish a deposit insurance corporation would be a motivation and stimulus to the movement of the banks and restore citizen confidence and trust , "adding that" the Central Bank would be binding under that protection of bank deposits by legal legislation secures the rights of depositors and investors, and even the official bodies. "
Rasheed said that" it will encourage the placement in private banks and eliminates worries them, especially in light of previous bitter experiences, as happened with the bank Basra and the Warka , who announced Avlasshma. " in
turn, the government employee Hassan Shaker in an interview (term Press) that "the presence of a guarantor of deposits the company can improve the image of the private banks , " noting that "re - citizen eligibility banks and trust need to be relatively long time definite guarantees from the state , represented the central bank, not to repeat the previous negatives that still depositors are paying for it in light of parking Central Bank spectators for their suffering for years. "
for her part, Director of the School, Khawla Rashid, in an interview (long - Presse) that" the presence ofgovernment guarantees to protect the deposits of citizens can restore confidence gradually banks eligibility, which began its work to provide good services and facilities several adoption modern technologies ", usually the" State - owned banks are still lagging behind technologically and suffer routine that made people averse tothem. " It is
noteworthy that the central bank announced in ( the seventh of June 2016) cabinet approval to set up to guarantee deposits in the government and private banks with a capital of $ 100 billion dinars, while the company aims to stimulate citizens to deposit their money in banks rather than Aktnazha, confirmed funds chunky citizens outside banks of more than $ 30 trillion dinars.
the Iraqi private banks association announced (October 2015) that the deposit rate for banks government ,ranging from 65 to 68 trillion dinars , of which no more than 22 trillion and deposits in banks own.
It consists of the banking system in Iraq (54) banks as well as the Central Bank and distributed according to the property between 7 government and 23 private businesses , including nine Islamist addition to the 15 branches foreign banks.
he said the board of the Central Bank board member Ahmed Rehn in an interview (long - Presse) that " theestablishment of a guarantee bank deposits the company as long as the form of the target of the Central Bank of Iraq since 2004, especially since such a company exists in the world the other , "noting that" thecompany is interested primarily to small depositors, who make up the vast segment of savers as benefit senior depositors. "
Rehn added that" the establishment of the company and to embrace the work requires time and mechanisms supported , "adding that" the deposit guarantee the company will not be investment but will fund or make thecentral bank is committed through which to compensate depositors in general and small especially in theevent of bankruptcy of the banks in which the money or filtered there. "
turn the financial advisor to the Prime Minister said the appearance of Mohammed Saleh in an interview (long - Presse) that" the establishment of a deposit guarantee step direction Inc. the right to build a discreet banking system has the confidence of depositors through the protection of their rights and encourage citizens to deposit in banks. "
Saleh pointed out that" the participation of government banks in the capital of a deposit insurance company can enhance its credit and enable them to pay more compensation to depositors, especially that most of thedeposits of citizens in those banks. " in
turn, the Finance Committee in the House of Representatives rapporteur Ahmed Hama Rasheed in aninterview (long - Presse) that" the Commission will adopt measures that would improve the economic and financial reality in Iraq, including the banking sector development , "noting that" the Iraqi Central Bank seeks to maintain stability, especially private banks through checks issued between now and then. "
He stressed Rashid that" the Commission is pushing to increase banks' capital , which often come from different official bodies, as well as deposits of varying citizens , "pointing out that" depositors in general they fear asylum to the private banks. "
promised a decision parliamentary Finance Committee that" the decision to establish a deposit insurance corporation would be a motivation and stimulus to the movement of the banks and restore citizen confidence and trust , "adding that" the Central Bank would be binding under that protection of bank deposits by legal legislation secures the rights of depositors and investors, and even the official bodies. "
Rasheed said that" it will encourage the placement in private banks and eliminates worries them, especially in light of previous bitter experiences, as happened with the bank Basra and the Warka , who announced Avlasshma. " in
turn, the government employee Hassan Shaker in an interview (term Press) that "the presence of a guarantor of deposits the company can improve the image of the private banks , " noting that "re - citizen eligibility banks and trust need to be relatively long time definite guarantees from the state , represented the central bank, not to repeat the previous negatives that still depositors are paying for it in light of parking Central Bank spectators for their suffering for years. "
for her part, Director of the School, Khawla Rashid, in an interview (long - Presse) that" the presence ofgovernment guarantees to protect the deposits of citizens can restore confidence gradually banks eligibility, which began its work to provide good services and facilities several adoption modern technologies ", usually the" State - owned banks are still lagging behind technologically and suffer routine that made people averse tothem. " It is
noteworthy that the central bank announced in ( the seventh of June 2016) cabinet approval to set up to guarantee deposits in the government and private banks with a capital of $ 100 billion dinars, while the company aims to stimulate citizens to deposit their money in banks rather than Aktnazha, confirmed funds chunky citizens outside banks of more than $ 30 trillion dinars.
the Iraqi private banks association announced (October 2015) that the deposit rate for banks government ,ranging from 65 to 68 trillion dinars , of which no more than 22 trillion and deposits in banks own.
It consists of the banking system in Iraq (54) banks as well as the Central Bank and distributed according to the property between 7 government and 23 private businesses , including nine Islamist addition to the 15 branches foreign banks.
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