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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Classification ravages the Iraqi banking system: The tenth group rings the bells

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 274364
    Join date : 2012-12-21

    Classification ravages the Iraqi banking system: The tenth group rings the bells Empty Classification ravages the Iraqi banking system: The tenth group rings the bells

    Post by Rocky Wed 12 Jun 2024, 5:20 am

    [size=38]Classification ravages the Iraqi banking system: The tenth group rings the bells[/size]


    [You must be registered and logged in to see this image.]

    June 12, 2024[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala Al-Hadath: Economic researcher Ziyad Al-Hashimi said: “Iraq is classified within the tenth group (high risk) in assessing the risks of the banking industry.”
    Al-Hashimi added: “The credit rating agency S&P Global Ratings announced that Iraq has been placed in the tenth group within the Banking Industry Risk Assessment (BICRA).”
    He explained: “It is noteworthy that this classification comes in the context of banking systems that are classified from least risky (Group 1) to high risk (Group 10), which is the group within which Iraq falls.”
    Al-Hashemi stressed: “According to the report, Iraqi banks suffer from major institutional weakness and serious exposure to internal and external tensions.”
    He pointed out that “the economic and industrial risks in Iraq are considered severe, in addition to the risks of high dependence on oil, as this dependence makes the economy sensitive to fluctuations in oil prices.”
    He added: “In addition, Iraqi banks face high credit risks and a high percentage of non-performing loans. Financial supervision, regulation, and compliance in Iraq are below international standards, with weakness in transparency and governance.”
    Al-Hashemi stated that “the banking system in Iraq is controlled by state-owned banks, which distorts the market and makes the banking system heterogeneous, due to the banking sector’s heavy reliance on government deposits, which leads to large discrepancies in maturity periods.”
    Al-Hashemi concluded by saying: “In conclusion, the report believes that the ability of the Iraqi government and even the Central Bank to support troubled banks during crises is limited and uncertain, which increases the risks facing the banking system in the country.”
    [You must be registered and logged in to see this link.]

      Current date/time is Tue 23 Jul 2024, 3:55 pm