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Date: July 31, 2016[/size]
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It is the study and analysis of the results of the work of some large banks the size in light of the financial indicators preliminary as of 06/30/2016 compared with last year , we note the decline of its funding and investment in the service of the national Alaguettsad by the weakness of its contribution to the gross domestic product as the deposits (and the (operating) ( cash credit to + investments) total assets and profits earned all decreased rates. different and varying due to lower banking revenues and continued expense the same rates for last year and the most important in this analysis is thus had a significant impact on the arrival of some of the banks operating in the limits of minimum liquidity defined by the bank CBI Aalbalgh 5% of the capital addition, conditions in hot areas because of its occupation by Daash terrorist and rob the banks in these provinces and harmed financially things beyond its control as well as the decline in its shares in the Iraq Stock Exchange as the displacement of up to(3600.000) displaced to all the provinces of Iraq led to a mostly non - payment of dues banks borrowers and the customers because of the liquidity crisis to go to withdraw their deposits from most of the banks and not to be placed additional new sums itall led to the inability of some banks from fulfilling its commitment to customers, creating a kind of distrust of the sector in general , and especially the private sector banks and banking. That disrupted the work of banks in providing better services to citizens . Inaddition, the differences between the Kurdistan region and the Federal Government, with branches of central banks in Arbil and Sulaymaniyah from re - deposits banks deposited therein. So it has to be quick solutions and radical required private banks to enforcement of the current reality, which can lead them to bankruptcy and financial collapse. [size=13]Processors and solutions: We believe that one of the important solutions essential to overcome the Iraqi banking sector problems currently faced by most of the private banks and also in the coming stage will face government banks is thinking seriously by the Iraqi Central Bank and the Ministry of Finance in collaboration with the economic Commission of the Council of Ministers and the Association of private banks of direction to study and analyze business and financial indicators for the sector of the Iraqi banking results as of 30.06.2016 and focus on deposits, liquidity and financial position, capital and reserves and revenues internal banking operations the foreign profits earned , and more importantly, the economic outlook for the continuing repercussions of the financial crisis plaguing the country during the years 2016 and 2017 in light of the changes of global economic fluctuations , relying on it to involve banking experts in the private sector and take advantage of their experience and the reports of the World Bank about the overall financial situation in Iraq out the outcome of important decisions to save the Iraqi banking sector from collapse , and one of the first solutions, most notably Mayati: First: the formation of a central committee headed by the Central Bank of Iraq and the membership of the Ministry of Finance and the Finance Committee in the Iraqi Council of Representatives and the Association of banks , bankers and experts from government and the private sector holds the study and analysis in the light of the commissioning hand auditing neutral operate according to international standard criteria for determining the efficiency of the performance of each bank. Second , in the light of the results of the assessment above, according to the standards adopted are rated private banks in the areas ofcapital investment and operating cost of operation and activity funding, investment and liquidity ratio and capital adequacy , and the development of services provided to clients and the most important development technical according to modern banking systems. As well as in light of the damage that has borne the banks because of the terrorist acts and distressed debt repayment.Third , banks are classified into three kinds: first place: large banks , including the size and financial position and financial Lease and its good. Second place: include medium - sized banks and put financial position average and capable of evolution . third place: it includes banks that suffer from weakness in its banking and downs of the liquidity to the minimal and is less than 5% of the total real deposits and capital of less than 250 billion dinars and distressed debt has more than 50% of the paid -up capital and expenditures higher than revenues. Fourth , after the announcement of results of the evaluation of the Central Bank of The Report classified banks rank third Optional merger agreement with another bank or more of the same rank, according to the Article 150 of the companies Registration Act No. 21 of 1997 , and no later than the first quarter of this year, otherwise applied to the bank Central powers by requiring these banks to merge compulsory and Balhalten must determine Mufahm and procedures for merging banking as follows: 1. definition of the banking merger is an agreement or union bankers or more amicably (reflex) or compulsory (decision of the central bank) and melt - in-one banking entity that the new entity has the ability and effectiveness in achieving the objectives bankers Almend.an and objectives of monetary policy and the national economy. 2. types of banking mergers A. Optional integration (friendly) of the merger agreement and match the will of bankers or more is this kind after negotiations and agreements between the board of Directors, and the bodies of the two banks or more after the feasibility study in all respects and will achieve new entity of goals with a commitment to perform all obligations and entitlements of former customers. ( b ) integration (mandatory) is that the decision of the monetary authority (central bank) after reaching the full conviction that the target bank is limping In order to preserve it from the imposition of guardianship or filtered for the purpose ofmaintaining the funds and shareholders ' equity and extraordinary circumstance , which passes by the Iraqi economy. That are assisted by the monetary authority to provide incentives for the bank strugglers such as tax exemptions and granted loans to help in exchange for a clear and specific guarantees. 3. For the purpose of the success of the banking merger requires: ( a) the provision of data and information in accordance with the principle of disclosure and transparent for each bank of the banks covered by the merger B. Feasibility Study expected results at the time of the merger are assessed these studies by the monetary authority before making the decision to merge. 4. carry out financial and administrative structure of the target banks before the merger and to identify Manpower Professional and Administrative needed to manage the new entity. 5. The banking mergers if ithas, according to above will check the following: - ( a) increase the capacity of the new bank to activate the banking activities in all fields, notably the rise in the capital and revenues of banking operations and financial position. ( b ) increase the net profits that result in increasing the value of its shares in the stock market and increasing deposits and the high number of customers and increase the number of its depositors and thereby strengthen confidence which is the most important thing in the banking business. ( c ) the new bank 's commitment to meet all its previous obligations towards financial institutions on and towards the customers. Fifth: another successful solutions to save private banks in the third arrangement is to buy some of its shares by the banking sector government and subdue audited for the Office of financial Alrkabbh. Sixth: converting the Rafidain and Rasheed after Hiklthma to large private banks after merging with a large and reputable private banks. Seventh: the establishment of a development bank and an investment a new partnership between the government banking and private sector , and not to increase the proportion of the government 's contribution to 25% that is administered with the mentality of the private sector and the role of government direction and control. Samir Abbas Alnasiri / banking expert member of the World Union of Arab bankers [/size]
Written by [You must be registered and logged in to see this link.]
Date: July 31, 2016[/size]
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Special - NEN Iraq
Banking expert and a member of the World Union of Arab Bankers Samir Abbas Nasiri said suffering of the Iraqi economy from the economic and financial crisis, stifling nearly two years ago external and internal economic reasons was the impact and clear on all sectors of the economy which is already suffering from the real challenges in their activities several years ago and we eat here is the suffering of the Iraqi banking sector and in particular the private banking sector Ahli () exacerbated the problems and inflation, making it negatively reflected on the leasing and investment activity and thus led to the weakness and stop the economic cycle in the country, which was a weakness in the banking Lease activity obvious implications for macroeconomic movement so that shift economic recession into a depression and then, God forbid, to collapse if they are not finding an effective and quick solutions for all the consequences and economic challenges through study and analyze the reality and the reasons and expected results during 2016 and is expected to continue instability in world oil prices and the costs of the war on terrorism and the lack of political and security stability It is the foundation to achieve economic stability.It is the study and analysis of the results of the work of some large banks the size in light of the financial indicators preliminary as of 06/30/2016 compared with last year , we note the decline of its funding and investment in the service of the national Alaguettsad by the weakness of its contribution to the gross domestic product as the deposits (and the (operating) ( cash credit to + investments) total assets and profits earned all decreased rates. different and varying due to lower banking revenues and continued expense the same rates for last year and the most important in this analysis is thus had a significant impact on the arrival of some of the banks operating in the limits of minimum liquidity defined by the bank CBI Aalbalgh 5% of the capital addition, conditions in hot areas because of its occupation by Daash terrorist and rob the banks in these provinces and harmed financially things beyond its control as well as the decline in its shares in the Iraq Stock Exchange as the displacement of up to(3600.000) displaced to all the provinces of Iraq led to a mostly non - payment of dues banks borrowers and the customers because of the liquidity crisis to go to withdraw their deposits from most of the banks and not to be placed additional new sums itall led to the inability of some banks from fulfilling its commitment to customers, creating a kind of distrust of the sector in general , and especially the private sector banks and banking. That disrupted the work of banks in providing better services to citizens . Inaddition, the differences between the Kurdistan region and the Federal Government, with branches of central banks in Arbil and Sulaymaniyah from re - deposits banks deposited therein. So it has to be quick solutions and radical required private banks to enforcement of the current reality, which can lead them to bankruptcy and financial collapse. [size=13]Processors and solutions: We believe that one of the important solutions essential to overcome the Iraqi banking sector problems currently faced by most of the private banks and also in the coming stage will face government banks is thinking seriously by the Iraqi Central Bank and the Ministry of Finance in collaboration with the economic Commission of the Council of Ministers and the Association of private banks of direction to study and analyze business and financial indicators for the sector of the Iraqi banking results as of 30.06.2016 and focus on deposits, liquidity and financial position, capital and reserves and revenues internal banking operations the foreign profits earned , and more importantly, the economic outlook for the continuing repercussions of the financial crisis plaguing the country during the years 2016 and 2017 in light of the changes of global economic fluctuations , relying on it to involve banking experts in the private sector and take advantage of their experience and the reports of the World Bank about the overall financial situation in Iraq out the outcome of important decisions to save the Iraqi banking sector from collapse , and one of the first solutions, most notably Mayati: First: the formation of a central committee headed by the Central Bank of Iraq and the membership of the Ministry of Finance and the Finance Committee in the Iraqi Council of Representatives and the Association of banks , bankers and experts from government and the private sector holds the study and analysis in the light of the commissioning hand auditing neutral operate according to international standard criteria for determining the efficiency of the performance of each bank. Second , in the light of the results of the assessment above, according to the standards adopted are rated private banks in the areas ofcapital investment and operating cost of operation and activity funding, investment and liquidity ratio and capital adequacy , and the development of services provided to clients and the most important development technical according to modern banking systems. As well as in light of the damage that has borne the banks because of the terrorist acts and distressed debt repayment.Third , banks are classified into three kinds: first place: large banks , including the size and financial position and financial Lease and its good. Second place: include medium - sized banks and put financial position average and capable of evolution . third place: it includes banks that suffer from weakness in its banking and downs of the liquidity to the minimal and is less than 5% of the total real deposits and capital of less than 250 billion dinars and distressed debt has more than 50% of the paid -up capital and expenditures higher than revenues. Fourth , after the announcement of results of the evaluation of the Central Bank of The Report classified banks rank third Optional merger agreement with another bank or more of the same rank, according to the Article 150 of the companies Registration Act No. 21 of 1997 , and no later than the first quarter of this year, otherwise applied to the bank Central powers by requiring these banks to merge compulsory and Balhalten must determine Mufahm and procedures for merging banking as follows: 1. definition of the banking merger is an agreement or union bankers or more amicably (reflex) or compulsory (decision of the central bank) and melt - in-one banking entity that the new entity has the ability and effectiveness in achieving the objectives bankers Almend.an and objectives of monetary policy and the national economy. 2. types of banking mergers A. Optional integration (friendly) of the merger agreement and match the will of bankers or more is this kind after negotiations and agreements between the board of Directors, and the bodies of the two banks or more after the feasibility study in all respects and will achieve new entity of goals with a commitment to perform all obligations and entitlements of former customers. ( b ) integration (mandatory) is that the decision of the monetary authority (central bank) after reaching the full conviction that the target bank is limping In order to preserve it from the imposition of guardianship or filtered for the purpose ofmaintaining the funds and shareholders ' equity and extraordinary circumstance , which passes by the Iraqi economy. That are assisted by the monetary authority to provide incentives for the bank strugglers such as tax exemptions and granted loans to help in exchange for a clear and specific guarantees. 3. For the purpose of the success of the banking merger requires: ( a) the provision of data and information in accordance with the principle of disclosure and transparent for each bank of the banks covered by the merger B. Feasibility Study expected results at the time of the merger are assessed these studies by the monetary authority before making the decision to merge. 4. carry out financial and administrative structure of the target banks before the merger and to identify Manpower Professional and Administrative needed to manage the new entity. 5. The banking mergers if ithas, according to above will check the following: - ( a) increase the capacity of the new bank to activate the banking activities in all fields, notably the rise in the capital and revenues of banking operations and financial position. ( b ) increase the net profits that result in increasing the value of its shares in the stock market and increasing deposits and the high number of customers and increase the number of its depositors and thereby strengthen confidence which is the most important thing in the banking business. ( c ) the new bank 's commitment to meet all its previous obligations towards financial institutions on and towards the customers. Fifth: another successful solutions to save private banks in the third arrangement is to buy some of its shares by the banking sector government and subdue audited for the Office of financial Alrkabbh. Sixth: converting the Rafidain and Rasheed after Hiklthma to large private banks after merging with a large and reputable private banks. Seventh: the establishment of a development bank and an investment a new partnership between the government banking and private sector , and not to increase the proportion of the government 's contribution to 25% that is administered with the mentality of the private sector and the role of government direction and control. Samir Abbas Alnasiri / banking expert member of the World Union of Arab bankers [/size]
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