Activating private banks

Activating private banks

1/27/2018 0:00

Thamer Alheims

Eligibility is still limited activity of our banks in terms of products offered, Frosmalha to exceed the 6 percent of the deposited cash bloc in government banks (Rafidain, Rasheed, and TBI). Private banks ranged in place compared to what he has done the Iraqi Trade Bank, both in terms of modernization or profits achieved by the (900 billion dinars for the year 2017), while the Rafidain Bank and Rasheed after restructuring hopefully bring about more modernization and profits.

Progress and prosperity of private banks is not an investment in the currency auction, no doubt that through this window , they achieve good profits, but did not touch the results of these profits in the expansion of banking products, reflected in the internal financing of national productive sectors.

Foreign investment is still sterile at the local level requires the search for local development outlets through the profits arising from the auction currency return and lure them to safety legislation guaranteeing it was legitimate and was not involved in the suspicions of money laundering.

Must provide opportunities and activities by moving the monetary bloc in the Rafidain and Rasheed contract partnerships with private banks Owalojunbah to revive thousands of projects and lagging failed and loss - making in the public or private sectors.

When ensures the activity of any bank of local banks , public Baktaiha and private, back the prodigal son of the yard to invest or buy under the investment law , and goes out to the goals of the development of partnerships and products through participation in risk Alaintman, which can be supported by insurance or banks (Rafidain and Rasheed and / or TBI) .

The escort legislation and guarantors is vital to reduce the hotbeds of corruption in the banks, requires to face the electronic governance proven in the Iraqi Trade Bank and the face of risk insurance through three public companies and 33 private companies are ready. Therefore become the activation of the National Bank through the drying currency window; incentive for banks active cooperation with government banks and real partnerships in financing stalled in the productive sectors of projects; and Tssandema insurance companies and laws keep up to the success of the investment, then sell the currency window Atdf investment generally , but works in the opposite direction.

This trend provides a suitable ground for the development of the relevant authorities in all its mechanisms where the compressor element is through the principle of measuring things and the results Jaddauaha what drives research centers and universities in the development of curricula and modernize its programs to support productivity renaissance.