Association of Private Banks: proceedings of the Supreme Judicial Council right to opaque and illega

by **Rocky** Fri 31 May 2013, 9:12 am

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Association of Private Banks: proceedings of the Supreme Judicial Council right to opaque and illega

by Rocky Fri 31 May 2013, 9:12 am

Association of Private Banks: proceedings of the Supreme Judicial Council right to opaque and illegal

05/30/2013

And the Association of private banks described the Supreme Judicial Council proceedings against a number of managers private banks Balmpehma and illegal.

The head of the Association Abdul Aziz Hassoun in a press statement that the association and a number of private banks surprised the phenomenon is unprecedented was summoned heads of boards of directors and managers of Commissioners for private banks as defendants to appear before the court of inquiry relevant to issues of integrity without the knowledge of who is responsible for these banks is the CBI.

He added: Association believes that this action is illegal, particularly as it lacks the means regular charges and professional communications without taking into account the importance of the sites against her and the impact of its vital role in the functioning of the economic activity in the markets and in Iraq in general

Hassoun stressed: that these measures will affect the citizen through Matffersh from the effects of severe negative impact on the stability of the market, which in turn affects the overall economy of the state, who desperately need in these conditions for sustainability and in order to achieve the general goals.

It is noteworthy that the number of private banks amounting to 42 banks spread across Iraq and outside the branch network exceeding 500 branches and number of employees up to (12000) member, the total recapitalization of private banks operating in Iraq more than 8 trillion dinars, according to statistics the Association of Banks until the month of April It also manages private banks and private sector deposits of up to 10 trillion dinars.

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