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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

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    The reasons for the lack of liquidity in some private banks and the Central Bank's role in supportin

    Rocky
    Rocky
    Rocky
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    • Post n°1

    The reasons for the lack of liquidity in some private banks and the Central Bank's role in supportin Empty The reasons for the lack of liquidity in some private banks and the Central Bank's role in supportin

    Post by Rocky Wed 05 Oct 2016, 8:08 am

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    Economy News / Continue ...
     
     
    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 It 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 support of the banks is to issue a decision to give a bank for a limited period   
      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 securing liquidity have to enable it to perform its obligations towards Zubayn and through a review of analytical decision of the central bank noted that there are two reasons behind the lack of liquidity for these banks included in the resolution only two namely: lack of boardroom governance and interference in the duties of the executive management, and violation of 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 of its branches in the hot governorates, which got terrorist operations and halt its Almsrvih.othmlha physical damage and real estate
    -tertpt 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 posed to the debtors .
    -akabbal 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 coffers section of the banks was minimal.
     
     Because of the economic recession in the country's financial crisis stifling share prices in the trading market in the Iraq Stock Exchange and the arrival of the shares of these banks decreased to less than the nominal share price by 85 percent.
    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 b
    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 and carry out financial and administrative restructuring of the target banks and determine the manpower necessary technical and administrative management of the bank 
    And improve the efficiency of the performance of the 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 prof


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