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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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    On the occasion of World Banking Day.. A call for a comprehensive review of the work of banks in Ira

    Rocky
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    On the occasion of World Banking Day.. A call for a comprehensive review of the work of banks in Ira Empty On the occasion of World Banking Day.. A call for a comprehensive review of the work of banks in Ira

    Post by Rocky Wed 04 Dec 2024, 4:05 am

    [size=35][size=35]On the occasion of World Banking Day.. A call for a comprehensive review of the work of banks in Iraq[/size][/size]
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    2024-12-04 | 03:21
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    [You must be registered and logged in to see this link.]News - Economy

    Center Presentation[You must be registered and logged in to see this link.]The political economist, today, Wednesday, an open invitation to the Iraqi government and relevant authorities, on the occasion of the International Banking Day, to conduct a comprehensive review of the work of banks in[You must be registered and logged in to see this link.].


    The director of the center said[You must be registered and logged in to see this link.]Hadmal Al-Helou in a statement received by[You must be registered and logged in to see this link.]News, "December 4 of each year marks the International Banking Day, and on the occasion of this event[You must be registered and logged in to see this link.]the important,[You must be registered and logged in to see this link.]The government and relevant authorities to conduct a comprehensive and accurate review of the work of both government and private banks.



    Al-Halou pointed out that "there are indicators that confirm the urgent need to reconsider the work of government and private banks, and the modern and advanced technological changes that the world is witnessing have begun to overshadow the banking sector in most countries of the world. To be fair, there are some operating banks, and very few government and private banks, which constitute one or two percent, whose managements are working to develop and keep pace with their work in a manner consistent with the financial and economic situation in the country, and linking them to the global banking system."

    Al-Halou stressed that "there are negative and fatal indicators observed in most government and even private banks, as most government banks have become an unattractive work environment, and banking work systems due to the observed slowness in procedures, and the lack of clear facilities and instructions that encourage citizens[You must be registered and logged in to see this link.]On depositing money in banks or loan instructions, and the official media statements of some banks have increased, most of which are not true on the ground.

    Al-Halou added, "Not to mention the dealings resulting from some of the moods of employees working in the banking sector, some of the complexities and routine, and some of the favoritism witnessed by this sector. He diagnosed a great poverty in the work of banks, especially in the technological aspect and the speed of completing financial transactions, and the development witnessed by the world in the field of artificial intelligence and modern banking programs. All of these factors have caused most Iraqi citizens to resort to saving their money at home, and the lack of complete confidence in the banking system, and the ambiguity in the subject of interest rates on deposits and the percentage of loans and advances granted to employees and citizens, which also witness indications of the presence of some favoritism in issuing loans and advances through people from within banks or brokers who deal with the subject of advances and loans, and exploit the citizen's need and deduct a bribe from the amount of the loan or advance in exchange for obtaining it faster or through devious methods through secret coordination between some employees from within some banks and some brokers and brokers in this sector. This requires the Iraqi government, ministries and relevant bodies to put an end to these problems and make 2025 the starting point for completely correcting the banking system in Iraq.”


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