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Forum Iraqi banking sector (to restore confidence and prevent money from banks withheld)
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Economy News / Beirut ..khas It began in Beirut this morning acts of the Iraqi banking sector forum titled / restore confidence and avoid withholding money from banks In the presence of Central Bank Governor Dr. Ali Keywords and general secretary of the Union of Arab Banks and Sam Fattouh and head of the Iraqi private banks association Wadih Handal and Vice Chairman of the Central Bank of Lebanon and a number of Iraqi leaders Banking. He gave Governor of the Central Bank of Iraq, the word at the beginning of the forum reviewed the bank's activities in promoting the work of the Iraqi private banks, which has seen a significant expansion as more units than the 30 private banks as well as 15 branches of Arab and foreign banks, while State-owned banks remained unchanged without expansion, noting that this expansion needs a lot of care and attention by the central bank, especially Maitalq Pthchinha in the face of problems. Keywords and praised the role of the Central Bank of Iraq in the face of the financial crisis in Iraq and the treatment of farmers and contractors dues Keywords praised the efforts of the Secretary General of the Union of Arab Banks, pointing out that the presence of the Lebanese banks in Iraq was largely the focus of our respect and appreciation, because the Lebanese banking sector has a long history and has faced big problems was able to overcome. The value of this banking Elhoudoralbannana that preceded the other countries were not present in the framework of the business, but only in the convergence of social Thafik myself between the two countries. Turning the governor of the Iraqi Central Bank to the Bank's role in the achievement of price stability and the reduction of inflation and achieve the highest degree of financial stability as well as its role in the face of the financial crisis and the requirements of the war with the terrorist organization Daesh. He also praised the role of the Central Bank in lending to small and medium enterprises to achieve socio-economic growth, declaring that he is now considering expanding this initiative which he described the job. And Acharmahafez to open the door of the government to deal with private banks through the decision to allow private banks to distribute salaries for civil servants Turning to the Lebanese banks with the problem of the Kurdistan region, noting the central bank to Ptousel initiative with the province to pay cash dues that are paid instruments later. The Governor emphasized that Iraq fighting a last stage of the confrontation with terrorism expected to witness the next phase of stable growth and recovery and economically significant in the whole of Iraq
For his part, reviewed the secretary general of the Union of Arab Banks and Sam Fattouh in a speech early days Forum Union's role in supporting the banking sector in the Arab countries through the exchange of information and experience particularly in the field of banking work to restore confidence and the development of the banking industry. He stressed that Iraq is a rich country and there are rewards in large ambitions, calling for Iraqis to strengthen efforts to achieve sustainable development. He praised the efforts of the Iraqi private banks association and its president, Wadih Handal, stressing that the Union of Arab Banks is seeking to strengthen its role in Iraq because we are dealing with Arabs and Arab country. This examines the forum which will be held on the sidelines of the annual Arab banking conference for the 2016 session 21 reasons for a lack of confidence of the Iraqi banks and the experience of Lebanese banks in Iraq and the evolution of the banking industry in Iraq and the Arab region and the alternatives. He spoke during the forum, Dr. Sadeq al-Shammari banking and financial expert in Islamic banking, reviewing the beginnings of banks in Iraq since the founding of the Central Bank of Iraq in 1947, noting that Iraq is the first country in the region have witnessed in the banking sector and widespread in this area Lebanese banks experience in Iraq also reviewed especially in the Kulaim Iraqi Kurdistan. He pointed out that the fiscal policy in Iraq is advanced on monetary policy. He noted the experience of Islamic banks own in Iraq by 19 Islamic banks are now in Iraq and stressed the importance of interpretation of Islamic banking instructions He praised the initiative of the Iraqi Central Bank to allocate $ 6 billion for the advancement of agricultural and industrial sectors, pointing to the existence of problems in the issue of guarantees and mortgages. And he stopped on the deposits in the system of government and private banks and credit extended and total assets of banks in a high Mainvi lack of confidence in Iraqi banks The central bank called for a merger between the banks policy instead of the policy of liquidation He pointed out the role of the central bank currency through a window and called for the diversification of banking services and not restricted to currency auction. He stressed the importance of the role of Islamic banks in Iraq and that 19 banks offer different products to customers numbered. It decisions Forum held second session this afternoon Atges during which the head of the Iraqi private banks association Wadih Handal and a number of executive officials in the Iraqi and Lebanese banks
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