Association of Iraqi private banks announces a rise in financial coverage to 22.6%

by **Rocky** Sun 27 May 2018, 3:31 pm

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Post n°1

Association of Iraqi private banks announces a rise in financial coverage to 22.6%

by Rocky Sun 27 May 2018, 3:31 pm

Association of Iraqi private banks announces a rise in financial coverage to 22.6%

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The Association of Iraqi Private Banks announced the rise of the financial coverage in Iraq to 22.6% due to the procedures of banks, which was to increase its services to the public through contracting with international financial companies.
In a press release received by Al-Iktissad News, Ali Tariq, executive director of the Association of Iraqi Private Banks, said that "the percentage of financial coverage has increased significantly over the last five years, currently 22.6%, while in 2014 it was 10.9% according to World Bank indicators. Adding that "the high proportion of financial coverage is due to the procedures of Iraqi banks, which was increased services through the settlement of salaries of public and private sector employees and the increase of loans granted and contracting with international companies such as MasterCard and Visa Card and increase the number of electronic payment companies."
He explained that "the Central Bank and the Association of Iraqi private banks to develop the banking sector through a series of procedures that facilitated the work of banks within the country," noting that "the proportion of financial coverage is measured by the number of Iraqis over the age of 15 years and have bank accounts."
He pointed out that "the number of Iraqi adults who do not have bank accounts of 17.1 million people," explaining that "the central bank to develop a strategy to increase the proportion of financial coverage to reach more than 35% in 2020."
He added that "citizens will open the bank accounts will benefit from the financial services provided by the financial system, which will reflect positively on their own lives through the activation of savings and face the shocks they are in addition to the development of their business," noting that "the high proportion of financial coverage will reduce Cash in the home, which is more than $ 30 billion dollars to move to the banks, which is placed within the control and strengthen the security of the state and stimulate the movement of the economy.

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by **Rocky** Mon 28 May 2018, 1:47 am

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Post n°2

The Association of Banks announces a high rate of financial coverage to 22.6 percent

by Rocky Mon 28 May 2018, 1:47 am

The Association of Banks announces a high rate of financial coverage to 22.6 percent

28/5/2018 12:00 am

[rtl] During Ramadan evening saw the evaluation of the pioneers of the financial sector andeconomic media
Baghdad / follow - up to the morning   organized by the Iraqi Association of private banks, an evening of Ramadan , during which awarded shields Association in honor of a number of pioneers of the financial and banking sector , in addition to a group of journalists , economists during a Ramadan evening held at the station Foundation in central Baghdad. The President of the Association of Iraqi Private Banks, Wadih al-Hanalal, reviewed the most prominent activities of the Association, saying that "this year witnessed the establishment of the conference on investment and reconstruction in Iraq, and the World Bank announced Iraq's need for nearly 80 billion dollars, for reconstruction. Training Plan

He stressed the importance of human resources in the process of economic development sought by Iraq in all sectors, and the Association is fully aware of this and take great importance in cooperation with the Central Bank of Iraq, "Lava to" adopt a training plan targeting Iraqi public and private banks and financial transfer companies with Enabling them to develop advanced technology ".
He added that "the private sector needs a set of laws to increase its participation in the reconstruction process," explaining that "this evening comes to strengthen the concept of financial inclusion as well as honoring those who avenged the flower of their youth to develop the banking sector in Iraq, and offer them gratitude and thanks." Community Initiatives The President of the Association of Private Banks addressed the community initiatives organized by the Association, including the "Baghdad Foundation" initiative to rehabilitate 20 squares in Baghdad, under the patronage of Dr. Naseer Shamma, pointing out that "

Al-Hantal praised the efforts of young people who worked within the activities of the Financial Inclusion Week, describing their work as a "Beehive", expressing the Association's pride as having a practical partner, the Central Bank of Iraq. The important activities of his part, said the Director General of the Administrative Department of the Central Bank, Saleh Mahood: "The Association of Iraqi private banks of civil society organizations important in Iraq and this is the result of the activities and important activities carried out by." Mahood said that "the Central Bank believes that The Association has clear fingerprints over the past period and believes that it is a strong business partner, and bears the banner of private banks in Iraq. " He added that "the central bank has a lot of initiatives, including the initiative (Tamkeen) and that banks participate monthly in support of the initiative fund, to finance cultural projects, environmental and humanitarian and others." Financial Inclusion

The Executive Director of the Association Ali Tariq, "the high proportion of financial coverage in Iraq to 22.6 percent due to banking procedures, which was to increase services to the public through contracting with international financial companies."
Tariq said: "The proportion of financial coverage has increased over the past five years significantly, currently 22.6 percent, while in 2014 it was 10.9 percent according to World Bank indicators," adding that "the high proportion of financial coverage due to the procedures of Iraqi banks, which was an increase Through the localization of salaries of employees of the public and private sectors and increase loans granted and contracting with international companies such as MasterCard and Visa Card and increase the number of electronic payment companies.
He pointed out that "the number of Iraqi adults who do not have bank accounts of 17.1 million people," explaining that "

The Iraqi economy on
the other hand, the evening was attended by a number of symbols of the Iraqi economy, who have been Tkirhm at the end of the evening, including Dr. Tarek Altk, Governor of the Central Bank of the former, and Thamer Shaykhli Minister of Finance previously, Azzedine Bahrani, Governor of the Central Bank and the agency earlier, Abdul Ahad Peter , Former Deputy Governor, Adel Hassoun, Salman Aidan, Muwaffaq Hassan, Abdul Baki Rida, and Dr. Hajir Adnan, Dean of the Faculty of Business Economics at Al Nahrain University.
The award ceremony was given in honor of a number of journalists and journalists, where Qais al-Murshid, the presenter of the program "Dinar" in Al-Iraqiya channel, Abbas Abboud, editor of Al-Sabah newspaper, Hussein Thagb, editor of the economic newspaper Al-Sabah,
Jabbar.[/rtl]

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[/rtl]

by **Rocky** Mon 28 May 2018, 2:44 am

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Join date : 2012-12-21

Post n°3

Association of private banks announces high financial coverage in Iraq

by Rocky Mon 28 May 2018, 2:44 am

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Association of private banks announces high financial coverage in Iraq

The Association of Iraqi private banks announced on Sunday the rise of the financial coverage in Iraq to 22.6%, attributed the reason to the procedures of banks, which was increased services to the public through contracting with international financial companies.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq said in a statement received by the Journal News, "The proportion of financial coverage has increased over the past five years significantly, currently 22.6%, while in 2014 it was 10.9% according to World Bank indicators," adding That "the high proportion of financial coverage is due to the procedures of Iraqi banks, which was increased services through the settlement of salaries of public and private sector employees and the increase of loans granted and contracting with international companies such as MasterCard and Visa Card and increase the number of electronic payment companies."

He explained that "the Central Bank and the Association of Iraqi private banks to develop the banking sector through a series of procedures that facilitated the work of banks within the country," noting that "the proportion of financial coverage is measured by the number of Iraqis over the age of 15 years and have bank accounts."

He pointed out that "the number of Iraqi adults who do not have bank accounts of 17.1 million people," explaining that "the central bank to develop a strategy to increase the proportion of financial coverage to reach more than 35% in 2020."

He added that "citizens will open the bank accounts will benefit from the financial services provided by the financial system, which will reflect positively on their own lives through the activation of savings and face the shocks they are in addition to the development of their business," noting that "the high proportion of financial coverage will reduce Cash in the home, which is more than $ 30 billion dollars to move to the banks, which is placed within the control and strengthen the security of the state and stimulate the movement of the economy.

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Association of Iraqi private banks announces a rise in financial coverage to 22.6%

Association of Iraqi private banks announces a rise in financial coverage to 22.6%

The Association of Banks announces a high rate of financial coverage to 22.6 percent

The Association of Banks announces a high rate of financial coverage to 22.6 percent

Association of private banks announces high financial coverage in Iraq

Re: Association of Iraqi private banks announces a rise in financial coverage to 22.6%

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