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Raise banks' capital supports development


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Raise banks' capital supports development

Post by rocky on Tue 08 Jul 2014, 6:42 am

Raise banks' capital supports development 

BAGHDAD - Hussein al-Tamimi, absent
Most private banks interact with the local Central Bank governing reality of the work of the movement in the country's own financial.
Member of the Association of private banks in Iraq and Wadih Handal said in an interview »Sabah« that private banks play a major role in the stability of the financial situation in the country, especially after most of the banks raised their capital to more than 250 billion dinars.
He pointed out that some of the banks with a reach beyond the stage of his wealth to the extent set out and went to the distribution of profits between shareholders and this goes back to the successes which are calculated to the banking sector, which has become Ahli provides advanced banking technology, which in turn raises the number of products offered to customers.
The said Executive Director of the Association of private banks in Iraq, Abdul Aziz Hassoun that banks offer to discuss their annual reports to shareholders and in the presence of representatives of the Central Bank of Iraq and the media competent and non-competent in a move to prove the extent of disclosure and transparency, which adoption by departments to work to show the strengths and weaknesses of each.
He added in an interview with Goldfinch "Sabah said that the banking business has achieved many successes in the field of cross-currency financial adopted a range of sophisticated banking products needed by the customer for the success of financial dealings.
Handal and returned to emphasize during the annual meeting of the Bank of the UNESCO that the observations made by the members of the General Commission on the annual report and the final closing accounts but reflect the interest of the members of the General Authority activities and lead the bank to strengthen its capacity to achieve success for his work.
He pointed out that most of the banks exceeded the ceiling set by the Central Bank of the roof of capital and this confirms the success, especially that some of them went towards the distribution of annual profits between shareholders after it covered all Altazamth approved by the regulations issued by the Central.
He stressed that the bank is taking tends to enhance the scientific capabilities through an agreement with the international bodies involved in the banking business and will enhance human capabilities through training programs for both internal and external.

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