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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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    The Central Bank clarifies its procedures for monitoring the performance of private banks and improv

    Rocky
    Rocky
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    The Central Bank clarifies its procedures for monitoring the performance of private banks and improv Empty The Central Bank clarifies its procedures for monitoring the performance of private banks and improv

    Post by Rocky Mon 16 Jan 2023, 5:26 am

    [size=45][size=41]The Central Bank clarifies its procedures for monitoring the performance of private banks and improves their work[/size]
    [You must be registered and logged in to see this link.]23 hours ago
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    Today, Sunday, the Central Bank of Iraq clarified its procedures for monitoring the performance of private banks and improving their work, while noting that only banks that are able to perform their functions remain in the banking sector.
    The bank's advisor, Ihsan al-Yasiri, told the official agency, followed by (Al-Oula News), that “three years ago, the Central Bank of Iraq initiated procedures to complete reform procedures in the banking sector,” noting that “the The private banking sector is one of the promising sectors in Iraq, as it gives the central bank It is of great importance, just like the government banking sector.”
    Al-Yasiri added, “The central bank does not distinguish between the private and public sectors, but the private banking sector is one of the engines of development in Iraq, in addition to the government sector,” noting that “the private banking sector has a role in spreading the funds of the Central Bank of Iraq's initiative in lending to different sectors.” (residential, agricultural, industrial, and commercial), as his effort was clear in this field.” 
    He pointed out that “some banks suffer from a group of problems, and the Central Bank, in turn, is currently taking several measures to enable them to stabilize and reassure the public of their performance,” stressing that “there are other banks that are doing well and playing excellent roles.”
    He pointed out that “the central bank, due to its confidence in some private banks, has initiated measures to encourage foreign banks and foreign central banks for the purpose of opening financial corridors for them, to enable them to practice money transfers for foreign trade purposes.” .”
    He stressed that "the central bank usually supports every bank that tries to improve performance and services provided to the public, as a result, the private banking sector is an important part of the Iraqi banking sector, and the central bank attaches great importance to it and encourages it to improve performance.
    And he indicated that “public confidence in the private banking sector and the banking sector in general is increasing little by little in an exponential manner with the strength of the Central Bank's procedures and control.”
    And he continued, “The private banking sector and initiative funds are currently financing the development of projects, the establishment of new projects, and the employment of the unemployed,” stressing that “some banks are trying to reach satisfactory levels.”
    He noted that "the Central Bank is currently monitoring the performance of some banks and supervising their performance, and there is nothing left in the banking sector except for good banks that are able to perform their functions."
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