Oil prices on the table of Arab Banks
[rtl]Beirut / Shokran Fatlawi
eating Arab Banking Conference held recently in Beirut important economic things thathave a negative impact on the reality of the economy and the banking sector in theforefront, fallout from the decline in oil prices to historic highs, and the resulting losses in the Gulf oil states, which were estimated at more than $ 360 billion, not to mention research in negative economic growth for the Arab region as a whole influences.
And ensure that the conference which was attended by the "morning" sessions and several axes in the forefront of the implications of the international Arab political developments in the banking business, as well as the focus of the role of the Arab banking sector in financing economic sectors, and the session included the impact ofinternational legislation in the financing policies of Arab Banks, in addition to the axis themost important conference "Why conglomerate banker Arabic?".
Loss of savings ,
chairman of the Union of Arab Banks said in his speech: "Some of the money that could be transformed into savings, lost in the form of capital a local fugitive abroad, as well as that of external debt increases the economic, political and technological dependence of debtor countries in cases subjected economic and political decisions that are compatible with the interests of the creditor countries. "
The conference examined the potential establishment of an Arab bank lobby Dola- to perform best bank from the keenness of the Union on the continued quest to promote financial stability and economic integration.
The international system
, adding "that the submission of the international financial system through the integration of Arab financial institutions and the international system, displays them to the risk offreeze by Western governments, which had previously happened to several Arab countries.
He stressed" the need to think seriously about the formation of Arabic banker bloc to confront and prevent the establishment of international banks control of banks or Arab financial institutions, as well as being able to hire the proportion of Arab investments abroad within the Arab countries, leading to the establishment of new projects and create jobs contribute to the development of the Arab region as a whole. "
banking integration ,
concluding his speech by saying:" this vision stems of faith not only the need for banking integration, but its usefulness , too, that the collaboration will generate a host of competencies and capabilities, and a rationalization of resources, and to enhance the capabilities, and that integration is the condition and tool to consolidate stability and peace, and to achieve balanced and comprehensive and sustainable development. "
indicate the available data to skip assets sector Arab banking $ 3.3 trillion threshold, and stood at the combined deposits of $ 2.06 trillion, while loans exceeded 1.7 trillion dollars, with a
number of Arab banking institutions
about 500 Foundation increase its assets combined on the size of the Arab economy ,where an estimated 109 percent of GDP.[/rtl]