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.
[You must be registered and logged in to see this link.]
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.
[You must be registered and logged in to see this link.]
Today at 2:21 pm by Rocky
» Al-Mandalawi stresses the need to strengthen economic and trade cooperation between Iraq and Poland
Today at 2:04 pm by Rocky
» Power maneuvers: America provides defensive weapons to Kurdistan in exchange for withholding from Ba
Today at 10:26 am by Rocky
» Kuwait is drilling an oil well near Umm Qasr, towards Iraqi territory
Today at 10:24 am by Rocky
» In the document... the first Iraqi ministry identifies the obstacles to changing the new official wo
Today at 10:22 am by Rocky
» Italian Institute: Iraq is stuck in its own crises, including Baghdad’s efforts to undermine the “au
Today at 10:21 am by Rocky
» The head of the Integrity Commission announces the holding of an international Interpol conference i
Today at 10:18 am by Rocky
» Planning: Iraqi companies are not efficient in conducting the population census
Today at 10:14 am by Rocky
» utube MM&C 4/24/24 Support - USA- Turkey - Timing- Currency Value - Tabled
Today at 8:08 am by Rocky
» MM&C 4/25/24 National Bank of Iraq goes live with Temenos core banking and payments
Today at 8:06 am by Rocky
» utube MM&C 4/26/24 Iraqi Dinar - US Treasury Exchange Rates- Focus - Banking Partnerships - Rate C
Today at 8:06 am by Rocky
» A banking official indicates a "danger" to Iraq by depriving more than half of its banks of dollars
Today at 7:55 am by Rocky
» With the participation of the Association of Private Banks, investment opportunities are on the tabl
Today at 7:45 am by Rocky
» Within a month... an Iranian border crossing recorded a noticeable increase in exports of goods to I
Today at 7:44 am by Rocky
» The Association of Private Banks appreciates the efforts of the government and the Central Bank to c
Today at 7:43 am by Rocky
» Al-Maliki's coalition presents a third candidate for the position of governor of Diyala
Today at 6:57 am by Rocky
» Arab gathering: The Kirkuk problem is getting complicated and the Sudanese must intervene
Today at 6:56 am by Rocky
» Next week.. a Kurdish delegation will visit Baghdad to meet with the Minister of Finance
Today at 6:54 am by Rocky
» Under the pretext of salaries... Al-Party refrains from handing over port revenues to Baghdad
Today at 6:53 am by Rocky
» Association of Banks: For the first time, we are witnessing a clear targeting of depriving half of t
Today at 6:51 am by Rocky
» Parliament does not know the reason for the delay in sending the 2024 budget schedules: Voting takes
Today at 6:49 am by Rocky
» Applicants for the 2024 Hajj are demanding that the Central Bank secure the dollar for them through
Today at 5:09 am by Rocky
» Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week
Today at 5:08 am by Rocky
» Iraq's oil exports rise despite OPEC+ cuts
Today at 5:06 am by Rocky
» A study explodes a "surprise"... Iraq is among the countries that export oil to "Israel": How is the
Today at 5:04 am by Rocky
» Al-Araji emphasizes working to strengthen national identity
Today at 5:02 am by Rocky
» Al-Sudani visits Saudi Arabia to participate in the World Economic Forum in Riyadh
Today at 5:01 am by Rocky
» Iraq is talking about producing one million additional liters of gasoline
Today at 4:59 am by Rocky
» The Council of Ministers approves the implementation of the Baghdad Metro project
Today at 4:56 am by Rocky
» Minister of Commerce: We formed a joint economic committee with Türkiye
Today at 4:55 am by Rocky
» Resources: Government measures have contributed to improving the water situation in Iraq
Today at 4:53 am by Rocky
» Parliamentary Finance: Baghdad will continue to send salaries to the region’s employees until settle
Today at 4:51 am by Rocky
» A parliamentarian describes the corruption of Iraqi ports as “ghouls” and reveals the involvement of
Today at 4:49 am by Rocky
» Obelisk Hour: Basra is the subject of political conflict and ambiguity over the fate of the funds al
Today at 4:48 am by Rocky
» Turkmen leader: An agreement on the local government of Kirkuk is near
Today at 4:45 am by Rocky
» Anbar calls for the operation of its factories despite financial obstacles
Today at 4:44 am by Rocky
» Turki: The crisis of the Presidency of Parliament prompted the Sunnis to amend the Council’s interna
Today at 4:43 am by Rocky
» The Agriculture Committee confirms the existence of Iraqi-Turkish-Iranian discussions on water
Today at 4:42 am by Rocky
» Resources diagnose the challenges facing the water file in Iraq
Today at 4:38 am by Rocky
» Parliament pledges to the Interior Ministry: We will transfer money to buy weapons from citizens
Today at 4:33 am by Rocky
» Al-Issawi is the closest.. Parliament sets the date for deciding the choice of the new president
Today at 4:31 am by Rocky
» Deputy: Iraq's investments have risen and need a comprehensive review of previous years
Today at 4:30 am by Rocky
» Iraqis consume 7 billion eggs annually and import about $900 million
Today at 4:28 am by Rocky
» The Iranian role complicates attempts at open cooperation between Iraq and Turkey. Turkey is trying
Today at 4:26 am by Rocky
» Move in Iran to obtain $242 billion from Iraq in compensation for the eight-year war
Today at 4:25 am by Rocky
» 12 decisions from the Council of Ministers regarding the Baghdad Metro and Najaf-Karbala train proje
Today at 4:23 am by Rocky
» Sudanese Advisor: The path to development has begun... the Baka and the militias “we silence them wi
Today at 4:21 am by Rocky
» Not from Kurdistan.. How did Iraq become a source of oil for “Israeli tanks”?
Today at 4:19 am by Rocky
» Parliamentary Agriculture criticizes the Sudanese and Erdogan agreement: Türkiye will control water
Today at 4:16 am by Rocky
» The Iraqi government issues new decisions
Yesterday at 2:35 pm by Rocky
» The story of “reduced oil” to Jordan, from “compulsion” to mutual benefit.. Is there a loss?
Yesterday at 2:33 pm by Rocky
» The Council of Ministers takes 12 decisions for the Baghdad Metro and the Najaf-Karbala train
Yesterday at 2:32 pm by Rocky
» utube MM&C 4/23/24 Iraqi Dinar - IQD Update - Development Road Project - Saviour of Global Banking
Yesterday at 10:18 am by Rocky
» Kidney from pig transplanted into deathly ill New Jersey woman — and begins working almost immediat
Yesterday at 10:15 am by Bama Diva
» The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an
Yesterday at 9:48 am by Rocky
» Trade from the “Economic Committee” with Türkiye: It will overcome all obstacles facing the traders
Yesterday at 9:46 am by Rocky
» Washington's hope for stable relations with Baghdad clashes with Iraqi parties' rejection of the Ame
Yesterday at 9:41 am by Rocky
» Karim Badr: Development is America’s will to kill silk
Yesterday at 9:36 am by Rocky
» Oil: Opening of a new port for liquid gas for vehicles in Baghdad
Yesterday at 9:33 am by Rocky
» A media advisor warns of corruption in a draft law on the Parliament’s agenda
Yesterday at 9:21 am by Rocky
» Economist: There is serious work to lift US sanctions on Iraqi banks
Yesterday at 9:16 am by Rocky
» Will the agreements signed with the US Treasury reflect positively on the exchange rates?
Yesterday at 7:52 am by Rocky
» Iraq continues its quest to join the World Trade Organization
Yesterday at 7:51 am by Rocky
» Iraq completes the completion of the files for the initial offer of goods and services to join the W
Yesterday at 7:50 am by Rocky
» Economist: Travelers' dollars are leaking into the parallel market...and this is what the Central Ba
Yesterday at 7:32 am by Rocky
» President of the Federal Court: It is not permissible to force anyone to join any party, and the pol
Yesterday at 7:30 am by Rocky
» The Council of Ministers holds its session headed by Al-Sudani
Yesterday at 7:27 am by Rocky
» America weakens Baghdad...and increases Kurdistan's military capabilities
Yesterday at 7:26 am by Rocky
» The Iraqi government plans to build 10,000 schools throughout the country
Yesterday at 7:23 am by Rocky
» American threats close the Iraqi Stock Exchange at a loss
Yesterday at 7:21 am by Rocky
» Increase in external transfers at the Central Bank
Yesterday at 7:20 am by Rocky
» Al-Maliki calls on Britain to cancel restrictions on the entry of its companies into Iraq
Yesterday at 7:18 am by Rocky
» Planning and the European Union are discussing signing a number of agreements in the development, en
Yesterday at 7:16 am by Rocky
» Parliament talks about the mechanism for recovering smuggled funds and hints at the next stage
Yesterday at 7:13 am by Rocky
» Interior Ministry: The number of completed national cards reached 37 million cards
Yesterday at 7:06 am by Rocky
» Amnesty International: Violations of freedom and human rights continue in Iraq and the Kurdistan Reg
Yesterday at 7:04 am by Rocky
» Parliamentary Oil: The government is proceeding with the decision to raise the price of improved gas
Yesterday at 7:03 am by Rocky
» A parliamentary committee in Basra to investigate violations of the port company and the local gover
Yesterday at 7:00 am by Rocky
» Revealing the 10 most important American exports to Iraq
Yesterday at 5:31 am by Rocky
» A noticeable increase in the rate of Iraq's import of Chinese cooling devices
Yesterday at 5:30 am by Rocky
» Prime Minister: Working on projects without completing the infrastructure is a waste of money
Yesterday at 5:28 am by Rocky
» Iraq.. Extending the deadline for registration procedures on plots of land
Yesterday at 5:27 am by Rocky
» What is the main purpose of conducting the population census in Iraq?
Yesterday at 5:25 am by Rocky
» A plan to transform Iraq from a barren land to green with 5 million trees
Yesterday at 5:24 am by Rocky
» The Housing Fund announces the acceptance of more than 11 thousand loans through the Ur platform
Yesterday at 5:23 am by Rocky
» The Bank of Baghdad is moving to increase its capital to 400 billion dinars
Yesterday at 5:20 am by Rocky
» The electronic payment system will soon be adopted on Iraqi buses
Yesterday at 5:19 am by Rocky
» “It threatens our interests and destroys our economy.” An Iraqi project “irritates” the Kuwaiti stre
Yesterday at 5:18 am by Rocky
» Warning from the Central Bank about “misuse of electronic payment cards”
Yesterday at 5:17 am by Rocky
» Iraq and the Sultanate of Oman are discussing sending capacities through the Gulf countries
Yesterday at 5:16 am by Rocky
» The fact that a decision was issued to deport Syrian workers from Iraq
Yesterday at 5:14 am by Rocky
» Rice comes first... America exports 10 foodstuffs worth more than 350 million dollars to Iraq
Yesterday at 5:14 am by Rocky
» A sixth licensing round for gas exploration
Yesterday at 5:12 am by Rocky
» Baghdad is preparing to host the 50th session of the Arab Labor Conference
Yesterday at 5:11 am by Rocky
» Scientific symposium on the future vision of the tripartite budget
Yesterday at 5:09 am by Rocky
» Five conversion power stations enter service in Najaf
Yesterday at 5:08 am by Rocky
» Planning: Conduct a population census next November
Yesterday at 5:07 am by Rocky
» Experts: Spreading misleading information harms development and investment
Yesterday at 5:03 am by Rocky
» Economists call for tightening money laundering laws and port controls
Yesterday at 5:02 am by Rocky