Bankers Arabs: you must modify the banking laws and the introduction of modern technological support

Bankers Arabs: you must modify the banking laws and the introduction of modern technological support of the Iraqi banking sector

Date: 13/01/2013 12:44:51 Sunday

Baghdad (news) / report / Hussein Faleh / .. A number of Arab specialists in banking affairs, that the Iraqi banking sector lacks the technological global banking and how to use modern technologies in the work of the bank.
Calling during their talk (of the Agency news) to the importance of amending the legislation for the banking sector and training Iraqi personnel abroad.
This embraced Baghdad and banking Economic Forum under the auspices of the Union of Arab Banks and the Central Bank of Iraq and in the presence of representatives of Arab Banks, where touched on the topics of interest to the Iraqi economy, particularly the banking sector.

The head of the Union of Arab Banks Jordanian nationality and Sam Fattouh: The legislation is the most prominent challenges facing the Iraqi banking sector and limited him in his work and is a sophisticated, despite the fact that the Iraqi private sector has significant experience in the banking field.

Fattouh said (of the Agency news): There is a wide interest by large banking sectors to support Arab Iraq, noting that the Union of Arab Banks ready to provide assistance and support for the development of the Iraqi banking sector.

He pointed out: that the CBI has a good vision and strategic plans on the way to repair the two branches of government banks and private, but this work must be peppered with amendments to the Banking Act for the purpose of supporting the Iraqi and development of the sector.

He stressed: the need for the participation of the private banking sector with a year in funding for infrastructure projects or otherwise to give active and key role of the private sector in achieving economic development in Iraq.

For his part, the Lebanese banking expert Ali raisins: that the Iraqi banking sector lacks the global banking and Technology has a big problem in the use of electronic banking services, especially in ensuring the encryption because it is considered a new service entered Iraq.

Raisin said (of the Agency news): Iraq needs to develop its human resources according to modern technological as well as educate citizens on how to use these technologies.

He suggested: develop a strategic plan by the Central Bank of Iraq to develop its banking sector through training in human resources abroad and enhance handling and cooperation with Arab and regional banks to promote the banking sector.

As a member of the Board of Directors Cooperative Development Bank Islamic Sudanese Moneim Tayeb, said: that the Iraqi banking sector is able to promote himself as the attributes of the possibilities and human potential is good but needs some reforms in the legislation and give the role of the private sector in the economic development of the country.

Tayeb said (of the Agency news): The investment in the Iraqi banking sector is not large because of the lack of security and political stability fully in the country.

Stated: that the banking sector has a big role and a senior economic development in all countries in the world, For Iraq that exploits the capabilities and expertise possessed by the banking field to promote and develop its economy.

Baghdad hosts the banking Economic Forum with the participation of representatives from the Iraqi and foreign banks to discuss ways to promote economic realities of Iraq. / End / 8. N. Z /

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