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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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    Alnasiri: banking reform, achieved the support of government and central bank intervention Aerava

    Rocky
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    Alnasiri: banking reform, achieved the support of government and central bank intervention Aerava Empty Alnasiri: banking reform, achieved the support of government and central bank intervention Aerava

    Post by Rocky Sun 31 Jul 2016, 7:25 am

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    2016/07/31 | 14:21


    (Encyclopedia of the Day News | [You must be registered and logged in to see this link.] ) - Bgdadalaguetsad News. He 

    said banking expert member of the World Union of Arab Bankers Samir Abbas Nasiri said that although themeasures the numerous and instructions issued by the government and the Central Bank of Iraq during the last months of the year 2016 for the purpose of repairing and organize public and private banking business it was most recently the dismissals and appointments issued by the Prime Minister of the Directors General of Government for the banks and the launch of the Central Bank of the strategy up to 2020 , but the decisions of business Unaudited banks, particularly private banks results show Mhoshrat disappointing and far from the expectations planned and reason , as is evident for the professionals is mismanagement in some banks and non - compliance with theinstructions Banking and central intervention boards of directors executive departments of domestic banks inparticular , and the lack of governance for boardrooms and the disposal of some of them was King private bank's largest shareholders and the problem here is that most of the board members have warheads money and manage the bank their potential Resume without relying on experts and advisers banks and executives experienced banking work added to the weakness of proactive control internal stakeholders and in most cases twice the diagnosis and accounting also that disrupted and weakened banking work in Iraq as well as other causes of Foreign Affairs , which has affected the Iraqi economy , a drop in oil prices and the financial and administrative corruption and the war on terrorism, non - economic and financial stability the cash , which requires treatment and repair of the Iraqi banking sector government support from the central bank as well as the intervention of Aatakaz decisive and quick decisions to correct all the negative tracks above and address the imbalance in the Iraqi banking business and restore the public 's confidence to deal with the banks and achieve the central objective of the increase of savings at the expense of the percentage of the compactness of the mass of cash in accordance with the for the following reasons : First : the role of government support the formation of a specialized team is linked to the General Secretariat of the Council of Ministers and the membership of professionals representatives and experts from theIraqi central bank and Ministry of Finance and the Iraqi private banks association economists and bankers experts selected by the President of the team does not number more than 4 experts team examine and discuss measures Executive to reform the banking first economic reforms as a step which, as follows: ( 1 ) amend the laws governing the banking business , a 94 banking Act of 2004 and the Central Bank Law 56 of 2004 and the law of Iraq Stock Exchange 74 for the year 2004 and the law of money laundering , 93 of 2004 and the investment Law and its amendments , 13 of 2006 the companies Act 21 of 1997. 

    2. adoption of new financial monetary policy lead to comprehensive reform and restructuring of the public and theprivate banking sector. 

    3. develop contexts and mechanisms for coordination between fiscal and executive two policies. 

    4. activating the supervision and control of pre - emptive electronic banking and supervision in accordance with thepreparation and issuance of instructions and regulations guiding a new executive. 

    5. activate the role of government in building a strategy for the development of micro and small enterprises and medium-develop and build the mechanics and Adkhh the private sector to actively participate so that they can shift from continued government sector into a key partner and then to the commander of the market. 

    6. start mechanisms and bricks Aloradh the strategy of the Iraqi Central Bank for the year 2016-2022 7. focus on increasing credit and finance, soft loans and activate hiring deposits in the aspects of investment and reconstruction and advancing the process of economic development. 

    8. development of information technology and banking technology and modern in all its forms , with emphasis on disclosure and transparency of financial statements for banks and customers . 

    9. establish the instructions and mechanisms that contribute to the development of human banking resources and in particular the protection of expertise or leadership banking cadres as a national economic expertise will contribute to the stability and development of the banking business 10. plan to address the financial collapse experienced by some private sector banks due to lack of liquidity conditions put the current harmed financially and physically , especially in hot areas affected by terrorism. 

    11. establish new criteria for the classification of private banks , according to the international standard criteria 12. reconsider controls selection of members of the boards of Directors and Commissioners and define the duties of the Council planning and non - interference in the executive management of the banks and the focus on theeconomic and banking specialization and expertise of the members and reduce the number of its members to 5 members only and the adoption of advisers and experts , bankers specialists to supplement the Council 's executive management advice and expertise categorize be nominated by the Central Bank of Iraq in coordination with theIraqi private banks association 13. establishment of investment funds and the contribution of banks in the financing of large strategic projects Second - Central Doralpennek Iraq believe that one of the important and fundamental solutions to overcome the Iraqi banking sector problems currently faced by most of the private banks and also in the coming stage will face government banks is seriously thinking by the Iraqi Central Bank and the Ministry ofFinance in cooperation with the Commission R

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    Alnasiri: banking reform, achieved the support of government and central bank intervention Aerava Empty Alnasiri: banking merger the best decisions expected the Central Bank of Iraq

    Post by Rocky Sun 31 Jul 2016, 7:27 am

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    2016/07/31 | 13:10


    (Encyclopedia of the day for news | [You must be registered and logged in to see this link.] ) -

    Special - NEN Iraq



    Banking expert and a member of the World Union of Arab Bankers Samir Abbas Nasiri said suffering of the Iraqi economy from the economic and financial crisis, stifling nearly two years ago external and internal economic reasons was the impact and clear on all sectors of the economy which is already suffering from the real challenges in their activities several years ago and we eat here is the suffering of the Iraqi banking sector and in particular the private banking sector Ahli () exacerbated the problems and inflation, making it negatively reflected on the leasing and investment activity and thus led to the weakness and stop the economic cycle in the country, which was a weakness in the banking Lease activity obvious implications for macroeconomic movement so that shift economic recession into a depression and then, God forbid, to collapse if they are not finding an effective and quick solutions for all the consequences and economic challenges through study and analyze the reality and the reasons and expected results during 2016 and is expected to continue instability in world oil prices and the costs of the war on terrorism and the lack of political and security stability It is the foundation to achieve economic stability.

    It is the study and analysis of the results of the work of some large banks the size in light of the financial indicators preliminary as of 06/30/2016 compared with last year , we note the decline of its funding and investment in theservice of the national Alaguettsad by the weakness of its contribution to the gross domestic product as the deposits (and the (operating) ( cash credit to + investments) total assets and profits earned all decreased rates. 

    different and varying due to lower banking revenues and continued expense the same rates for last year and themost important in this analysis is thus had a significant impact on the arrival of some of the banks operating in the limits of minimum liquidity defined by the bank CBI Aalbalgh 5% of the capital addition, conditions in hot areas because of its occupation by Daash terrorist and rob the banks in these provinces and harmed financially things beyond its control as well as the decline in its shares in the Iraq Stock Exchange as the displacement of up to(3600.000) displaced to all the provinces of Iraq led to a mostly non - payment of dues banks borrowers and the customers because of the liquidity crisis to go to withdraw their deposits from most of the banks and not to beplaced additional new sums it all led to the inability of some banks from fulfilling its commitment to customers, creating a kind of distrust of the sector in general , and especially the private sector banks and banking. 

    that disrupted the work of banks in providing better services to citizens . in addition, the differences between theKurdistan region and the Federal government, with branches of central banks in Arbil and Sulaymaniyah from re -deposits deposited in banks. 

    so to be quick solutions and radical required private banks to enforcement of the current reality and which can lead them to bankruptcy and financial collapse .alamaagat and solutions: we believe that one of the important solutions essential to overcome the Iraqi banking sector problems currently faced by most of the private banks and also in the coming stage will face government banks is thinking seriously by the Central Bank of Iraq and the Finance Ministry and in cooperation with the economic Committee of the Council of Ministers and the Association ofprivate banks of direction to study and analyze business and financial indicators for the sector of the Iraqi banking results as of 30.06.2016 and focus on deposits, liquidity and financial position, capital and reserves and revenues ofdomestic and foreign banking operations and profits earned , and more importantly, the economic outlook for the continuing fallout the financial crisis plaguing the country during the years 2016 and 2017 in light of the changes ofglobal economic fluctuations , relying on it to involve banking experts in the private sector and take advantage of their experience and the reports of the World Bank about the overall financial situation in Iraq to get out of theoutcome of important decisions to save the Iraqi banking sector from collapse and that one of the first solutions, most notably Mayati: First: the formation of a central committee headed by the Central Bank of Iraq and themembership of the Ministry of Finance and the Finance Committee in the Iraqi Council of Representatives and theAssociation of banks , bankers and experts from government and the private sector holds the study and analysis in the light of the commissioning party auditing neutral operate according to international standard criteria for determining the efficiency of performance each . Secondly Bank: in light of the evaluation results above are classified as private banks , according to the standards adopted in the areas of capital investment and operating cost of operation and activity funding, investment and liquidity ratio and capital adequacy , and the development ofservices provided to clients and the most important technical development according to modern banking systems. 

    as well as in light of the damage endured the banks because of the terrorist acts and distressed debt repayment .third: banks are classified into three kinds: first place: large banks , including the size and financial position and its financial position is good and Lease second .almertbh: medium - sized banks and put financial position Average and is able to .almertbh third development include: include banks that suffer from weakness in its banking and downs of the liquidity to the minimal and is less than 5% of the total real deposits and capital of less than 250 billion dinars and distressed debt has more than 50% of the paid -up capital and expenditures higher than revenues .raava: after the announcement of results Rating Central Bank shall Report banks classified rank third Optional merger agreement with another bank or more of the same rank, according to the Article 150 of the companies Registration Act No. 21 of 1997 , and no later than the first quarter of this year, otherwise the central bank applied its powers by requiring these banks integration compulsory Balhalten must determine Mufahm and procedures for merging banking as follows: 1. definition of the merger Almsrviho agreement or union bankers or more amicably (reflex) or compulsory (decision of the central bank) and melt - in-one banking entity and that the new entity has the ability and effectiveness to achieve the goals of bankers Almend.an and objectives of monetary policy and thenational economy .2 types of integration Almsrvio- Optional integration (friendly) this kind of merger agreement and match the will of bankers or more after the negotiations and agreements between the board of Directors, and the bodies of the two banks or more after the feasibility study of in all respects and will achieve new entity of goals with a commitment to perform all obligations and entitlements of former customers .b- integration (mandatory) is that the decision of the monetary authority (central bank) after reaching the full conviction that the sputtering target in order to preserve it from the imposition of guardianship or bank filtered for the purpose of maintaining the money and the rights of shareholders and the circumstances exceptional , which passes by the Iraqi economy. 

    that are assisted by the monetary authority to provide incentives for the bank strugglers such as tax exemptions and granted loans to help in exchange for a clear and specific guarantees . 3. for the purpose of the success of thebanking merger requires: (a ) the provision of data and information according to the principle of disclosure and transparent for each bank of the banks covered by Balandemajp- economic feasibility and expected outcomes study at the time of the merger it is assessed these studies by the monetary authority before making a merger .4 decision to carry out its structure and financial management of the target banks before the merger and to identify Manpower Professional and Administrative necessary for the management of the new entity . 5. the banking mergers if it has, according to the above will check the following: -o- increase the capacity of the new bank to activate the banking activities in all fields, notably the rise in the capital and revenues of banking operations andfinancial position .b- increase profits net , which results in increasing the value of its shares in the stock market and increasing deposits and the high number of customers and increase the number of its depositors and thereby strengthen confidence which is the most important thing in the banking business .j- the new bank 's commitment to meet all its previous obligations towards financial institutions on and toward .va customers: Another successful solutions to save private banks in the third arrangement is to buy some of its shares by the government banking sector and subdue audited for the Office of financial Alrkabbh .sadsa: transforming the Rafidain and Rasheed after Hiklthma to large private banks after merging with a large and solid .saava private banks: the establishment of adevelopment bank and an investment a new partnership between the government and the private banking sector and not to increase the proportion of the government 's contribution to the 25% that is administered with thementality of the private sector and the role of government direction and control .smir Abbas Alnasiri / banking expert member of the World Union of Arab bankers


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