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Iraq claims at a rapid pace to restore confidence in the banking sector

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rocky
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Iraq claims at a rapid pace to restore confidence in the banking sector

Post by rocky on Thu 18 Aug 2016, 6:14 am

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2016/08/18 | 11:50


(Encyclopedia of the Day News | [You must be registered and logged in to see this link.] ) - Economy News follow - up was announced a banking expert Samir Nasiri, the diagnosis of the priorities of the suffering of the banking sector require from the Iraqi Central Bank and the concerned authorities drawing mechanisms and procedures for processing and not to wait five years before re trust of citizens and customers sector of the Iraqi banking, especially private banks. 

He said in a press statement I followed the economy News accompanied by action to increase the proportion ofsavings in the banks to the proportion of compactness outside banks, as saving 23 percent rate was the proportion of compactness 77 percent , according to statistics, as well as the completion of the structural and technical oversight proactive pillars. 

He pointed out the need to review the results of the banks, evaluated and reclassified through accredited international companies and to identify weak banks that need the central intervention to restore its activity and bankruptcy protection, as well as assist and support the banks , which have been hurt in the provinces income organize Daesh terrorist, as well as address the currency sale and try to find alternatives by the window and to leave entirely. 

He stressed the need to strengthen the central initiatives in the financing of small and medium contribute to the revitalization of the economic cycle and diversify its budgetary resources in order to achieve a fundamental change of approach to banking reform as contained in the central strategy for 2016-2020 projects, according to an insight into the priorities and challenges faced by the banking sector. 

the student commissioned a specialized team in financial analysis and determine the efficiency of banks performance standards in all areas of administrative banking and credit work, preferring to have an international team, independent, neutral and takes into account the results of the US assessment of the 2013 and 2014 system, coupled with the central control of the banking movement by focusing on proactive control electronic office and field and a programmer and scheme, identifying irregularities and errors and excesses of the executive departments, and take corrective action to ensure a fundamental change of approach to banking reform. 

He Alnasiri that the application of the Council of the central administration 's decision regarding controls thenomination of members of the Board and staff leaders in the banking and focus on professionalism and functional integrity and personal reputation and commercial expertise specialist, capable of solving problems and apply thedesired strategy in full form. 

He Alnasiri identified the application of the strategic objectives of a five - year period, as well as achieving the 23 sub - goals to achieve financial stability and the consolidation of the financial system, right down to the institutional and structural reform of the sector ». 

the that « the Central committed eight banks to deposit amounts in excess of 500 billion dinars , $ 400 million to enhance liquidity and to respond to requests from depositors, pointing out that the board of Directors of the Bank has committed members of the boards of private banks administrations to re - money previous loans from their banks and registration of registered real estate names the names of the banks. 

the Bank CBI launched its strategy for the years 2016-2020 in conjunction with calls for fundamental and comprehensive of the Council of Ministers and the House of Representatives of change in accordance with the objectives of the President, first and foremost to achieve financial stability and development of the organizational structure and the development of human capital and the activation and integration of internal and external relationships. in 

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Re: Iraq claims at a rapid pace to restore confidence in the banking sector

Post by Screwball on Thu 18 Aug 2016, 6:32 am

Only one way to do that! Deposit guarantee won't cut it!
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rocky
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Iraq claims at a rapid pace to restore confidence in the banking sector

Post by rocky on Thu 18 Aug 2016, 6:33 am

[You must be registered and logged in to see this image.] Iraq claims at a rapid pace to restore confidence in the banking sector

Said banking expert Samir Nasiri, the diagnosis of the priorities of the suffering of the banking sector require from the Iraqi Central Bank and the concerned authorities drawing mechanisms and procedures for processing and not to wait five years before re trust of citizens and customers of the Iraqi banking sector, especially private banks.
He added in a press statement I followed "Economy News" was accompanied by action to increase the proportion of savings in the banks to the proportion of compactness outside banks, as saving 23 percent rate was the proportion of compactness 77 percent, according to statistics, as well as the completion of the structural and technical foundations controlled proactive.
 He pointed out the need to review the results of the banks, evaluated and reclassified through certified and identify weak banks that need the central intervention to re-operate and protect it from bankruptcy international companies, as well as assist and support the banks, which have been hurt in the provinces income organize Daesh terrorist, as well as addressing sell the currency window and try to find the alternatives and to leave entirely.
He stressed the need to strengthen the central initiatives in the financing of small and medium contribute to the revitalization of the economic cycle and diversify its budgetary resources in order to achieve a fundamental change of approach to banking reform as contained in the central strategy for 2016-2020 projects, according to an insight into the priorities and challenges faced by the banking sector.
And demanded commissioned a specialized team in financial analysis and determine the efficiency of banks performance standards in all areas of administrative banking and credit work, preferring to have an international team, independent, neutral and takes into account the results of the US assessment of the 2013 and 2014 system, coupled with the central control of the banking movement through a focus the pre-emptive censorship of electronic office and field and a programmer and scheme, identifying irregularities and errors and excesses of the executive departments, and take corrective action to ensure a fundamental change of approach to banking reform.
Alnasiri He pointed out that the application of the Council of the central administration's decision regarding controls the nomination of members of the Board and staff leaders in the banking and focus on professional competence and functional integrity and reputation of personal, commercial and specialist expertise, capable of solving problems and apply the desired strategy in full form.
He Alnasiri identified the application of the strategic objectives of a five-year period, as well as achieving the 23 sub-goals to achieve financial stability and the consolidation of the financial system, right down to the institutional and structural reform of the sector. » He stressed that «the Central committed eight banks to deposit amounts in excess of 500 billion dinars (400 million dollars) to enhance liquidity and to respond to requests from depositors, pointing out that the Board of Directors of the Bank has committed board members for returning the money that previous loans from their banks and registration of registered real estate names the names of banks and banking departments. 
It is noteworthy that the Iraqi Central Bank launched its strategy for the years 2016-2020 in conjunction with calls for fundamental and comprehensive change of the Council of Ministers and the House of Representatives in accordance with the objectives of the President, first and foremost to achieve financial stability and development of the organizational structure and the development of human capital and the activation and integration of internal and external relationships.

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rocky
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Claims at a rapid pace to restore confidence in the banking sector

Post by rocky on Thu 18 Aug 2016, 2:11 pm

Claims at a rapid pace to restore confidence in the banking sector




17/8/2016

BAGHDAD world

announced banking expert member of the Advisory Board for «economic forum Baghdad» Samir Nasiri, the diagnosis of the priorities of the suffering of the banking sector require from the Iraqi Central Bank and the concerned authorities drawing mechanisms and procedures for processing and not to wait five years before re trust of citizens and customers sector of the Iraqi banking, especially banks private.

He added, «accompanied by action to increase the proportion of savings in the banks to the proportion of compactness outside banks, as saving 23 percent rate was the proportion of compactness 77 percent , according to statistics, as well as the completion of the structural and technical foundations controlled proactive», and pointed to the need to «review the results business banks, evaluated and reclassified through accredited international companies and to identify weak banks that need the central intervention to restore its activity and bankruptcy protection, as well as assist and support the banks , which have been hurt in the provinces income organize Daesh terrorist, as well as address the currency sale and try to find alternatives to them and to leave entirely window » .

He stressed the need to «strengthen the central initiatives in the financing of projects of small and medium contribute to the revitalization of the economic cycle and diversify its budgetary resources in order to achieve a fundamental change of approach to banking reform as contained in the central strategy for 2016-2020, and in accordance with the insight into the priorities and challenges faced by the banking sector».

student «commissioned a specialized team in financial analysis and determine the efficiency of banks performance standards in all areas of administrative banking and credit work», preferring to «be international, independent and neutral team and takes into account the results of the American evaluation system for the years 2013 and 2014, and is associated with the central control of the banking movement by focusing on the pre - emptive censorship of electronic office and field and a programmer and scheme, identifying irregularities and errors and excesses of the executive departments, and take corrective action to ensure a fundamental change of approach to banking reform. »

He pointed Alnasiri that« the application of the Council of the central administration 's decision regarding controls the nomination of members of the Board and staff leaders in banks and focus on professional competence and functional integrity and personal reputation and commercial expertise specialist, capable of solving problems and apply the desired strategy in full form ».

the« Central »Iraq launched its strategy for the years 2016-2020 in conjunction with calls for fundamental and comprehensive of the Council of Ministers and the House of Representatives change according to the objectives President, first and foremost to achieve financial stability and development of the organizational structure and the development of human capital and the activation and integration of internal and external relationships.

He Alnasiri: «identified the application of the strategic objectives of a five - year period, as well as achieving the 23 sub - goals to achieve financial stability and the consolidation of the financial system, right down to the institutional and structural reform sector ». He stressed that « the Central committed eight banks to deposit amounts in excess of 500 billion dinars (400 million dollars) to enhance liquidity and to respond to requests from depositors», adding that « the Board of Directors of the Bank has committed members of the boards of private banks administrations to re - money previous loans from their banks and registration of registered real estate names names banks. »

the financial experts pointed out that« the Iraqi market 's dependence on the money in the central buying and selling has caused contraction of daily trading to sell the dollar as a result of a lack of oil imports to the country. » They pointed out that « the central steps came late because of the loss of billions of dollars through speculation by most private banks and financial companies, as most of these banks and institutions established after 2003 and does not work according to the laws to be implemented».

The «Central» announced the approval of the Cabinet on the draft system guarantee deposits , which includes setting up a company contributes to encourage citizens to deposit their money in banks , government or private , rather than keep them in their homes. As the Prime Minister has decided to exempt banks «rational» and «Iraq» and «commercial» and «Industrial» and «agricultural» and «real» managers, Economic Adviser to the Prime Minister said the appearance of Mohammed Saleh said that «this decision is necessary to improve banking performance in the context of reform policy. » The Iraqi banking system consists of 54 banks, of which 7 government and 23 private businesses, including nine Islamist addition to the 15 branches of foreign banks.


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