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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Central Bank issues a report on deposits and clarifies the banking situation in Iraq

    Rocky
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    • Post n°1

    The Central Bank issues a report on deposits and clarifies the banking situation in Iraq Empty The Central Bank issues a report on deposits and clarifies the banking situation in Iraq

    Post by Rocky Mon 20 Nov 2017, 3:28 am

    The Central Bank issues a report on deposits and clarifies the banking situation in Iraq















    Economy News _ Baghdad





    A report by the Central Bank, on Monday, the decline of bank deposits for 2016, indicating that the government deposits concentrated in the Rafidain Bank, pointing to the weak contribution of the banking sector in GDP, while pointing out that Iraq needs to increase the branches of banks to deliver banking services to the largest number Of the population.
    The report, prepared by the Central Bank of Iraq and read by the "Economy News", that the financial deposits for 2016, according to Herald-Hirschman index, "recorded a decline to reach 62.4 trillion dinars, compared to 63.3 trillion dinars in 2015, and the decline in the size of banking assets of 222.8 trillion Dinars in 221.2 trillion dinars, "noting that" most of the assets concentrated in the Rafidain Bank, which means that there is a monopoly by it will reflect negatively on Rafidain Bank and the banking system in general. "
    The report added that "most of the government deposits concentrated in the Rafidain Bank and by 2392 points out of 3050 points, as is the case for assets," noting that "the rise of banks' capital to 11.7 trillion dinars in 2016, after it was 10.1 trillion dinars in 2015 as a result of the establishment 8 new private banks, including 7 Islamic banks and one foreign commercial bank.
    The report pointed out that "the financial safety indicators showed the rate of capital adequacy of the banking sector amounted to 128% for 2016 compared to the same for 2015, amounting to 106%," stressing that "this high ratio reflects the capacity and efficiency of the banking system, which is higher than the percentage determined by the Committee Basel, which is 8% and the central bank's 12% rate. "
    The report pointed out that "the volume of banking spread has not changed significantly during the past years, reaching in 2016, 2.81, or about 3 branches per 100 thousand people, which means that Iraq needs to increase the number of branches of banks in order to access banking services to the largest number "The ratio of loans to the private sector to GDP will rise to 9.2 percent in 2016, revealing the weak contribution of the banking sector to GDP."

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    Rocky
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    • Post n°2

    The Central Bank issues a report on deposits and clarifies the banking situation in Iraq Empty The Central Bank issues a report on deposits and clarifies the banking situation in Iraq

    Post by Rocky Tue 21 Nov 2017, 3:59 am

    The Central Bank issues a report on deposits and clarifies the banking situation in Iraq
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    [You must be registered and logged in to see this link.][You must be registered and logged in to see this link.][You must be registered and logged in to see this link.]2017-11-21
    BAGHDAD / All the news 
    According to a report by the Central Bank, on Monday, the decline of bank deposits for 2016, indicating that the government deposits concentrated in Rafidain Bank, pointing to the weak contribution of the banking sector in GDP, pointing out that Iraq needs to increase branches of banks to deliver services Banking to the largest population. 
    According to the Central Bank of Iraq report, the financial deposits for 2016, according to the Herald-Hirschman index, "decreased to reach 62.4 trillion dinars compared to 63.3 trillion dinars in 2015 and the decrease in the volume of banking assets from 222.8 trillion dinars in 221.2 trillion dinars" , Indicating that "most of the assets concentrated in the Rafidain Bank, which means that there is a monopoly by it will reflect negatively on the Rafidain Bank and the banking system in general."
    The report added that "most of the government deposits concentrated in the Rafidain Bank and by 2392 points out of 3050 points, as is the case for assets," noting that "the rise of banks' capital to 11.7 trillion dinars in 2016, after it was 10.1 trillion dinars in 2015 as a result of the establishment 8 new private banks, including 7 Islamic banks and one foreign commercial bank. 
    The report pointed out that "the financial safety indicators showed the rate of capital adequacy of the banking sector amounted to 128% for 2016 compared to the same for 2015, amounting to 106%," stressing that "this high ratio reflects the capacity and efficiency of the banking system, which is higher than the percentage determined by the Committee Basel, which is 8% and the central bank's 12% rate. "
    The report pointed out that "the volume of banking spread has not changed significantly during the past years, reaching in 2016, 2.81, or about 3 branches per 100 thousand people, which means that Iraq needs to increase the number of branches of banks in order to access banking services to the largest number "The ratio of loans to the private sector to GDP will rise to 9.2 percent in 2016, revealing the weak contribution of the banking sector to GDP." 
    Meanwhile, the central bank's foreign currency sales fell during an auction on Monday to $ 118.67 million, compared to sales of $ 128.94 million on Sunday, down $ 10.27 million.
    A statement by the Central Bank that "the exchange rate amounted to 1190 dinars per dollar, in the auction held with the participation of 39 banks, and nine companies for financial transfer." The statement that "these sales are the results of the auction scheduled for Tuesday, explaining that the total sales for the day was about 161.16 Million dollars". 
    He added that "the volume of funds sold to strengthen the bank balances abroad amounted to about 117.77 million dollars, while estimated the amount of cash sold by 1.89 million dollars."


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