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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

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    International banks and prospects for the advancement of Iraqi banking

    Rocky
    Rocky
    Rocky
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    Admin Assist


    Posts : 278239
    Join date : 2012-12-21
    • Post n°1

    International banks and prospects for the advancement of Iraqi banking Empty International banks and prospects for the advancement of Iraqi banking

    Post by Rocky Sun 21 Mar 2021, 9:31 am

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    Sunday 21st March 2021 67
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     Baghdad: Morning 

     
     
    The consolidation of the Iraqi banking system’s cooperation with major international financial institutions indicates that the work of the Iraqi financial sector is moving in a direction consistent with the trends. 
    International.
    A financial sector expert and former director general of operations at the Central Bank of Iraq, Mahmoud Dagher, stated that "the patterns of financial management in Iraq indicated a clear improvement, and that the success of the financial sector can be diagnosed through joint cooperation between international financial organizations and major global banks."
     
    International borrowing
    Dagher stressed "the necessity of directing international borrowing towards strategic productive and investment projects that achieve sustainable benefit for the local economy, especially since Iraq is one of the rich countries that can achieve a rapid economic recovery, when the appropriate atmosphere is available." 
     
    The best products
    Stressing that the plans to develop financial performance represent the direction of the banking system in the country, as competition is most intense among all banks in order to provide the best products that attract the customer, and this is a health condition that reinforces the reality of local banks and the financial sector.
     
    Expansion plans
    On the other hand, an expert on financial affairs, Muhammad Jaber, stated that “the banking system cannot work without ambitious horizontal expansion plans that achieve benefits for the largest segment of customers. 10 thousand people »
     
    Investment and financing
    Pointing out to «the importance of creating an environment that prepares the banking system’s orientation to enter into the fields of investment and financing for projects after careful economic study by specialized committees and then adopting the appropriate decision for this matter. It is also imperative to develop banking products, which must be the main concern of all Banks without exception »
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