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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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    Symposium: private banks need to strengthen their links with the Central Bank and the public

    Hkp1
    Hkp1
    Interacting Investor
    Interacting Investor


    Posts : 3118
    Join date : 2012-12-19

    Symposium: private banks need to strengthen their links with the Central Bank and the public Empty Symposium: private banks need to strengthen their links with the Central Bank and the public

    Post by Hkp1 Mon 07 Jan 2013, 1:14 am

    Symposium: private banks need to strengthen their links with the Central Bank and the public

    07/01/2013 09:09


    People
    are interested in the economic reasons behind the decline performance
    of the banking sector private and public, to افتين to banking that lack
    of awareness among the public and poor communication between banks and
    customers most prominent reasons for the decline in the growth of this
    vital sector, which he can achieve investment renaissance can check significant
    economic gains for the country,

    calling for the need to reconsider the
    legislative framework for the work of private banks and mechanisms for
    dealing with the Central Bank of Iraq, and involved stressed the
    importance of increasing cooperation and interaction between financial
    institutions and the Iraqi market for securities and banking system ,

    announced general manager of statistics and research at the central
    bank and Walid Idi Abdul Nabi said government banks' capital witnessed
    consecutive increases to reach until the end of October of last year
    2012 (754) billion dinars, compared with (4.053) billion
    dinars for private banks, at a time where investment balances in banks
    operating in Iraq (5.947) billion dinars, (4.929) of government banks,
    versus (1.018) billion dinars for private banks up to 31/10 / 2012.

    Concerned
    discussed during the annual scientific symposium organized by the
    Department of Economic Studies at the Center Mustansiriya Arab and
    International Studies and titled (the private banking sector in Iraq and
    development role in the economy), four research made by experts and are
    interested in economic affairs focused as a whole the
    importance of following the government more interest in the private
    banking sector,

    and to overcome the obstacles that could stand in the
    way of growth, as well as to facilitate measures to the establishment of
    special development banks, particularly that prepared in Iraq can not
    be matched population size nor investment broad,
    and as pointed out by the Director General of Statistics and Research
    at the Central Bank and Walid Idi Abdul Nabi when stressed during his
    paper presented on the sidelines of the seminar low density bank said it
    is currently worth up to one bank branch per (42000) people,


    which is low compared to the global standard for the amount of one for
    each bank (10,000) people, explaining that one of the problems plaguing
    through the work of private banks is the predominance of the familial
    nature of the Union with property management, as well as the absence of
    strategies Banking
    actors, as well as the absence of institutions chock of the banking
    system, such as an insurance company on deposits, and the weakness of
    banking technologies, as well as sagging administrative structure in
    many banks, especially government.


    IDI
    suggested during his set of proposals that can help in the
    revitalization of the work of banks in Iraq, keeping on top of those
    proposals need to separate owners of the Bank and the Department of
    banking operations at the same time, to develop an integrated plan for
    banking techniques, and legal reforms, and the development of internal
    control systems, and the application of standard disclosure and
    transparency by banks and financial institutions.


    Configure the cash activity
    According
    to Professor of public finance at the Faculty of management and
    Economics at the University of Mosul, Dr. Hashem Mohammed alarqub during
    the search which took part in the Symposium, entitled (the importance
    of assessing the financial performance of the private banks in financing
    investment activity) that commercial banks of important institutions be
    cash activity and the heart of the financial system as a result of the
    monetary and financial events that contribute to stimulating economic
    activity and financing of all economic and social sectors.

    Researcher
    asserts that the problem lies in the inability of the banking
    departments to understand and accommodate the concept of financial
    performance and evaluation requirements and stages and their impact on
    the performance of its activities.

    Alarqub draws to the International
    Bank of Kurdistan a model was adopted for theme of his research he
    attributed to the adoption of this accounting standard system Bank among
    other banks and insurance companies, and its commitment to the rules
    and regulations of the Central Bank.

    Researcher shows that
    despite low volume liquid sample Bank of Northern Research in the years
    2008 and 2010, compared with 2007, and wiggle the efficiency performance
    proves search concludes, evolution in style and area community banks,
    through expanded use of electronic calculator and the use of modern
    means and systems appropriate for the performance of banking with the
    latest advanced technological methods, such as : Run and several
    automated teller machines ATM and POS POS, and renew the world SWIFT
    swift system, and use the work transfers through Western Union company.


    The banking sector and reconstruction requirements
    It
    is recommended that Assistant Professor AMR Hisham Mohammed of the
    Economic Studies Department at Mustansiriya University Center for Arabic
    and international studies, that Iraq needs more than neighboring
    economies to the financial and banking sector is characterized by high
    efficiency and effectiveness, and to meet the requirements of
    reconstruction and potential that can return to normal and the
    receivable.

    Hisham said during the search to the Colloquium,
    entitled (contribution of the banking sector in the Iraqi economy after
    2003) the contribution of the banking sector remains weak in the Iraqi
    economy despite its upward trend, with only his (1.7 percent) in 2009,
    and that Iraqi banks capital remain modest due to several factors,
    including the special banks arose at the beginning of the 1990s because
    of the economic conditions at that time making it isolated and locked on
    the local environment with Economic weakness and decline in living
    standards, a requirement that banks, especially Government, to the
    process of restructuring, including the number of staff in these banks
    and skills required of employees.


    Remedies
    In turn, Prof.
    Sattar Al-Bayati, head of studies in mrksalmstnseret that the Symposium
    came out with several recommendations that would enhance the role of the
    banking sector in Iraq and increase its role in the investment process
    and development, stressing that serious scientific dialogue for the
    theme of the Symposium and the content of scientific papers that have
    been made have been traded by economists interested in the banking
    sector who have participated in the Symposium, said the main discussion
    focused on a number of points, notably the : ‏

    1. lack of awareness (culture).

    2. poor communication between banks and customers.

    3.
    limited the role of banking in General, especially private banking
    activity and weakness in economic indicators and due to the large and
    persistent intervention by the State in the economy to being an oil-cash
    over (85 percent) of GDP.

    4. weak interaction and integration between the Central Bank and private banks.

    5. weak interaction between financial institutions and the Iraq market for securities and banking system.

    Al-Bayati
    said that the symposium concluded the need to re-examine the
    legislative framework for the work of private banks and their dealings
    with the Central Bank of Iraq.


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