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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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    Deputy Governor of the Central Bank: We have 70 private banks... Obstacles in developing the banking

    Rocky
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    • Post n°1

    Deputy Governor of the Central Bank: We have 70 private banks... Obstacles in developing the banking Empty Deputy Governor of the Central Bank: We have 70 private banks... Obstacles in developing the banking

    Post by Rocky Thu 21 Apr 2022, 11:38 am

    [size=30]Deputy Governor of the Central Bank: We have 70 private banks... Obstacles in developing the banking system
    [/size]
    2022.04.20 - 00:24
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    [size=18]Baghdad - people   [/size]
    [size=18]The Deputy Governor of the Central Bank, Ihsan Al-Yasiri, confirmed, on Tuesday, that there are several obstacles to developing the banking system in the country, pointing to the presence of the Central Bank's control over these private banks.  [/size]
     
      
      
    Al-Yasiri said during his participation with colleague Karim Hammadi, and followed by “Nas” (April 19, 2022), that “the government system acquires 85 deposits and the public,” noting that “after the year 2003 we have a large number of banks, some of which are private, which are excellent and have reached To stages in digitization and the digital economy.  
      
    He added, "We have supervision and an attempt to push some banks to be good and rise to the required level, as we focused on controlling the banks' behavior."  
      
    He continued, "We have 70 private banks, more than half of the number are excellent, while the government has seven banks, namely: Al-Rasheed, Al-Iraqi Trade, Al-Rafidain, Al-Nahrain Bank, which is a model for Islamic banking, and the Housing Fund, while the Industrial Bank is doing well."  
      
    Al-Yasiri stressed, “The enforcement of the law for loans confirms the existence of a guarantee for any dinar that is loaned, and the one who does not have an income from a fixed source must provide a guarantor - the cost of lending is very high, and when there is an interest of 8% on the loan, it is very expensive, but if the limits of risks increase, they may increase.” .  
      
    He pointed out that "the Rafidain Bank granted loans to large institutions, and there is a loss of up to 6 trillion dinars in these loans due to the pressures of increasing the interest rate, but part of the risks of non-payment are avoided through them." 
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