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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

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


    Private Banks Association: Financial inclusion rate rose to 48%

    Rocky
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    Private Banks Association: Financial inclusion rate rose to 48% Empty Private Banks Association: Financial inclusion rate rose to 48%

    Post by Rocky Sat 09 Nov 2024, 4:31 am

    Private Banks Association: Financial inclusion rate rose to 48%

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    Economy News - Baghdad
    [rtl]The Association of Private Banks announced today, Saturday, the increase in the percentage of financial inclusion for electronic payment during the last two years. [/rtl]
     
    [rtl]The Executive Director of the Private Banks Association, Ali Tariq, said in a statement to the official agency, which was followed by “Al-Eqtisad News”: “During the last two years, there has been progress regarding increasing financial inclusion and the use of bank accounts, especially after the government decisions regarding increasing the use of electronic payment.” [/rtl]
     
    [rtl]He pointed out that "there are many citizens who have bank cards or bank accounts, and the use of electronic payment is increasing clearly and gradually, and all of this is reflected in the financial inclusion rate, which has risen according to the latest data from the Central Bank to reach 48%." [/rtl]
     
    [rtl]He added: "Our ambition in the next phase is for financial services to increase and be directed not only to city centres but also to villages and rural areas so that there are financial services that include the largest possible segment of society."[/rtl]
     
    [rtl]Yesterday, Friday, Prime Minister Mohammed Shia Al-Sudani issued several directives to expand the scope of financial services in the governorates.[/rtl]
     
    [rtl]The Prime Minister's Media Office stated that "within the framework of efforts to reform the financial and banking system, as one of the priorities of the government program, and in light of the important steps achieved during the past two years, and in light of the challenges facing the financial and banking system, especially in the governorates, and since confronting them requires greater attention and radical improvements to ensure enhancing confidence in the financial and banking sectors, facilitating the process of economic development, increasing financial inclusion and raising its indicators throughout the country, and because most of the activities were concentrated in the capital, Baghdad, Prime Minister Mohammed Shia Al-Sudani directed a number of steps to be taken in this regard:[/rtl]
     
    [rtl]1. Increasing the number of bank branches in the governorates to meet the needs of the local population, and in a way that contributes to expanding the scope of financial services, while paying attention to buildings, their modernity, and providing their basic requirements.[/rtl]
     
    [rtl]2. The necessity for all banks in the governorates to adopt modern technologies such as online banking services and mobile applications, which facilitates citizens’ access to their banking services easily. [/rtl]
     
    [rtl]3. Emphasizing to banks the importance of developing their financial services to suit the needs of individuals and small businesses, such as soft loans and savings accounts. [/rtl]
     
    [rtl]4. Enhancing financial inclusion in the governorates by providing banking services to different segments of society, including districts and sub-districts in villages and rural areas. [/rtl]
     
    [rtl]5. Launching conferences and awareness campaigns in the governorates, to educate citizens about the importance of dealing with banks and how to manage and invest money properly. [/rtl]
     
    [rtl]6. Organizing workshops to train young entrepreneurs and local businessmen on how to deal with loans and financial services.[/rtl]
     
    [rtl]He added, "The Ministry of Finance, the Central Bank of Iraq, and the Iraqi Private and Islamic Banks Associations will coordinate with the governors' offices to accomplish the above tasks according to their jurisdiction and responsibility, and submit quarterly reports (every three months) to the Prime Minister's Office regarding the progress of work on the steps mentioned above."[/rtl]


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