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In order to revitalize the banking sector Hassoun proposes to subject the public to the control of t


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In order to revitalize the banking sector Hassoun proposes to subject the public to the control of t

Post by rocky on Tue Jan 05, 2016 6:48 pm

In order to revitalize the banking sector Hassoun proposes to subject the public to the control of the central banks

1/6/2016 0:00

Baghdad Suha Shaykhli

attributed the banking expert reasons curtail the role of banks in Iraq to lack attract deposits at a time when the deposit is to be a means of activity and effectiveness of credit where did not work the heads of their funds.

Deposits and said banking expert Abdul Aziz Hassoun (head of the private banks association


- The variation in the volume of deposits in Iraq, some attribute it to the security situation and political developments made ​​the exchange rate uneven, and the imbalance suffered by the banks managing Hoadm spread, while in the countries of the world there are the means used by banks, including giving gifts to students to encourage them to save. the role of banks and the solutions required to activate the banking sector, especially after the financial distress pointed Goldfinch out that despite the fact that the banking sector has developed his work using modern technology and foreign relations with banks around the world, and with that expensive technology, but the intensive use be spending feasible, pointing out that Iraq is the only country that pays Wages and salaries in cash and suggested that there be a network of banks, the employee can from which to open an account and can convert his salary and thus encourage saving process which have benefits. He called goldfinch to the need to rebuild the bridges of trust between government authorities and banks first returned what has happened in the banks of the charges because of the behavior of some Why confuse the work and made ​​the citizen alienate them, wondering why he did not deal with the private banks, despite the presence of the central bank supervision by a licensed and has the financial possibility of cash and liquidity more than 50 percent and this means that the money is Off. privatization of banks and the reasons for the weakness of the contribution of banks in the development, commented Hassoun said that the Rafidain Bank, established in 1941 and Rasheed in 1988, deposits in an old government banks and trust by clear and guaranteed but with that deposits are still limited government, banks and deposits of 30 trillion Denaroacialh 20 trillion dinars, and there is discrimination in the application of laws on private banks, explaining that The central bank imposes on the private banks that their capital raise significantly and here they have to include also the government banks to increase their capital. He called for solving problematic assignment of 27 banks operating to the Integrity Commission and financial Court after fining these banks huge money in irregularities unproven but that the official Trader is imported, up fines to 50 billion was installments. He concluded Hassoun Speaking Ptoukath 2016 that the banks will work smoothly reasonable after taking precaution and stabilize its position even if did not sleep, and wished to attract deposits and earn the public's trust, stressing that the banks are corner foundation in economic process generating funds.

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