Association of Iraqi private banks organizes seminar on ways to improve the successful banking busin

Association of Iraqi private banks organizes seminar on ways to improve the successful banking business.

Baghdad morning

Organized by the Association of Iraqi private banks seminar on the experience of the private banks in Iraq, in order to improve the performance of banks in line with its expected role in the reconstruction process and rebuild Iraq and to achieve the desired economic development. The Executive Director of the Association Abdul unique Hassoun briefing to the most prominent activities provided by the Association in the first quarter of 2008, pointing to the importance of enhancing the participation of private banks in such seminars and meetings aimed at activating the role of banks, including paid to develop its performance. Then browse the managing director of Zarzis sentenced in his lecture tagged experience of the Iraqi Middle East Bank to invest the most prominent steps followed by the bank to meet its debt stalled. Zarzis recalled policies unstable that led to the delay in the banking sector behind evolution, noting that the year 1964 witnessed cases of mergers of commercial banks national and foreign, and then was nationalized banks to become in 1974 a bank and one is the Rafidain Bank, who practiced banking, internal and external. He said that the preoccupation with Iraq long wars led to a decline in the bank because of the decision, but the central monetary authority ended this erroneous policy, which led to a lack of confidence in banks in dealing with Iraq because of the debt that cable Rafidain Bank. After that has been established Rasheed Bank after شطره of Iraq in 1988 to contribute to the increased decline rather than competition became an urgent need for the establishment of private banks, heads of national funds to be there real competition between government banks and private banks were giving birth to the private banks in 1992 and included it for a number of banks So far, 25 private banks. Turning ruled Zarzis to the adoption of Bank Systems developed world and the foundations of a communications network linking the branches in Iraq reflected on the Bank's performance and excellence in the banking market and the international reputation of Arab and foreign investors and was the cause of the stability of its price at the forefront of prices and stocks in the Iraqi market for securities. He stressed that the main success factors for any bank to be dealing with clients style and one that the Aanzer face known privilege in the deal, but keen to be dealing with customers equally and lack of courtesy at the expense of working what fort measures the bank and his side in errors and fraud and the lack of debt dead or distressed. He stressed that these measures accompanied by elements selection efficient and well-known and reputable in the management of the Bank's operations that block of rampant corruption as the bank may Fort affiliates in slipping into these labyrinths, as well as the bank providing opportunities for training outside the country to prepare cadres efficient in the management of banking operations. Then took place discussions Mstvdah on the successful performance management and how to achieve a successful, efficient and rational in the banking business by the participants. This symposium reflected the viability of the Association of Banks to absorb the problems and obstacles facing the work of banks and strive to be dismantled and resolved by all means in order to achieve success in an effort banks. The lecture was conducted successfully and a broad review of the ways and means for the success of the banking business and the requirements to activate the role of private banks at this stage.

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