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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Read the analytical efforts of the central bank in support of private banks

    rocky
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    • Post n°1

    Read the analytical efforts of the central bank in support of private banks Empty Read the analytical efforts of the central bank in support of private banks

    Post by rocky Wed 28 Sep 2016, 8:37 am

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    Samir Abbas Alnasiri / Khbayrmsrvi ...
     
    The access to the efforts of the central bank in the supervision and control and support the banking sector and the national economy requires that the specialists and members of the House of Representatives and media economist field visits to by officials at the bank and see in detail the policies and procedures and contexts development adopted in support of the banking sector and the national economy. Where the bank has taken numerous resolutions helped the government in attempts to overcome the financial and economic crisis and to achieve the goals enshrined in the law No. 56 of 2004 without affecting its independence and its decisions in the banking support is to issue a decision to give a private banks that suffer from problems and acute shortage of liquidity for a period of three months.
      And that the goal of the resolution is to rehabilitate these banks and bring it back to the work of sound banking, and restore confidence between them and the public, and provide liquidity to enable them to perform their obligations to Zubayn and through analytic review of the decision of the central bank note the following:
    1. There are two reasons why must decrease liquidity to these banks included in the resolution are only two: the intervention planning administration (board of directors) in the duties of the executive management and leaving some banks to the instructions Alaytmanah issued by the Central Bank, or affected by the security conditions and the economic crisis and unsustainable damage beyond its control because of the closure hot branches in the provinces and in which he got out terrorist attacks and stop its Almsrvih.othmlha physical damage and real estate
     
    2-incurred owed debts of customers ranged from (100-50) billion dinars two years ago did the banks unable to retrieve what has become of debt that can not be obtained in accordance with the list of indicative Add to that the banks faced major difficulties in the implementation of judicial decisions because of the threats to the debtors.
     
    3-Iqbal customers to withdraw their deposits from banks at higher rates than normal rates, and not the filing of any new funds, which led to a decline in liquidity in these banks to the minimal requirements of the Central Bank and became cash in the coffers section of the banks was minimal.
     
    4-because of paragraph (3) above, decreased deposits in these banks increased by 30-70 percent of what these banks were forced to stop their activities and investment credit.
     
    5-halted some correspondent banks dealing with these banks, for instance (the German Commerz Bank), which has affected the piece a great impact on its opening letters of credit and the issuance of foreign remittances
     
    6. due to the economic recession in the country's financial crisis stifling share prices in the secondary market declined in the Iraq Stock Exchange and the arrival of the shares of these banks to less than the nominal share price by 85 percent.
     
    7-weak banking departments in some of these banks have not been able to overcome the tragic situations wisely as is the case in some of the good bank, which is still working good equably and they are many.
    .
     
    The responsibility of supervision and control and the development of the banking business and the application of monetary policy is the responsibility of the central bank. This Mai PEOPLE him Haleaobaltenseeq with the Association of private banks with the help of these banks and rehabilitated according to the following:
     
    1. the central bank to re-examine and evaluate the banks that gave it for a period of three months from its commitment to implement the central bank's decision and make sure they all measures rehabilitative and corrective taken to overcome its current state, and this is the adoption of the analysis of activity indicators for 2016 up to 30/9 standards. In light of the evaluation results of the eight banks are classified into three categories: Category who was able to rehabilitate its current status and can stand up and practice of banking work well in terms of liquidity, operation and investment of funds and the exercise of deposits and withdrawals and a good rate. Another class who managed the provisions of executing the decision of the central bank, but need financial and administrative support technician in order to continue rehabilitation. This requires the help of the Central Bank. The third class, who can not perform the qualification requirements must decide according to the law in force banks.
     
    2-the central bank to provide support for the second category is the use of banking mergers optional or mandatory for the purpose of achieving the success of the banking merger requires:
     
    A provision of data and information in accordance with the principle of disclosure and transparency for each bank of the banks covered by the merger.
    (B) the economic feasibility and expected results at the time of the merger study is evaluating these studies by the monetary authority before making the decision to merge.
    (C) to carry out financial restructuring and managerial target for banks before the merger and determine the manpower necessary technical and administrative management of the new entity.
     
    The banking mergers if as stated above will be achieved as follows:
     
    (A) increasing the capacity of the new bank to activate the banking activities in all areas, most notably the rise in the capital and revenues of banking operations and financial position.
    (B) net profit increase that 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 therefore boost confidence, the most important thing in the banking business.
    (C) the new bank's commitment to meet all its previous obligations towards financial institutions and to customers.
     
    3. For the purpose of improving the efficiency of the performance of banks requires adherence to the instructions of the Central Bank of candidates for the Board of Directors and Managing Director of the leadership and functions that interfere with the central bank for the nomination of directors commissioners, advisers and experts of the executive management of these banks and ensure the availability of qualified and experienced executive professional to manage the bank.
     
    4. The Central Bank governance boards of directors and to prevent interference owners executive management is absolutely not Qanon.oukd stipulated by the Central Bank of Iraq has issued a guide to governance confirms this trend.
     

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