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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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    Samir Nasiri: calls for the classification of banks according to the results of its operations and i

    Rocky
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    • Post n°1

    Samir Nasiri: calls for the classification of banks according to the results of its operations and i Empty Samir Nasiri: calls for the classification of banks according to the results of its operations and i

    Post by Rocky Wed Dec 14, 2016 5:48 am

    [You must be registered and logged in to see this image.] Samir Nasiri: calls for the classification of banks according to the results of its operations and its commitment to the regulations and instructions Banking
    Economy News / special ...



    Called banking expert Samir Alnasiri Central Bank of Iraq to develop mechanisms and take operational procedures for the assessment and classification of banks according to the standards of efficiency standards internationally accredited performance.
    He Alnasiri in an exclusive interview with "Economy News" that the Iraqi banking sector suffers before and after 2003 of the challenges and constraints of the work great for reasons related to the economic situation is stable and the reasons for self-borne some of the banks in terms of the banking business administration and the weakness of activity and lack of services and products offered to the public and reinforce it through economic crisis that has plagued Iraq since more than two years we note that most of the banks stopped doing the tasks and banking services that relate to contribute to the development and economic, to achieve economic growth through the main activity of banks, a finance and investment employ deposits in the monetary credit granting and opening letters of credit and the issuance of money orders internal and external and financing small and medium enterprises and thus activate the session of the economic. And limited the activity of these banks to participate in the sell the currency, which is doing the central bank a day in order to provide the Iraqi dinar to the Ministry of Finance window and in order to maintain also the stability of the Iraqi dinar exchange rate against the US dollar and the allocation of quotas Daily equal between banks which helped banks get returns Malle content because the difference between the official rate of the dollar and the parallel market rate. In order to stimulate the banks and the development of the banking business and carry out their duties stipulated in the Banking Act and the regulations, instructions and regulations indicative and executive window issued by the Central Bank and the service and the customers of the national economy requires to take the necessary steps to re-audit, evaluation and classification of banks.
    He Alnasiri that there are international standard specific criteria for the classification of central banks agreed in most countries Calcetrh on inflation, economic growth and stability Anakdewalastqlalah and the achievement of economic objectives and because the central banks are subject to classification Luba it is, which monitors and supervises the banks permission must be rated banks according to Maaar international standard supported in most countries, including the regional countries of Iraq, so we suggest classification of banks and the adoption of international standards for're adding and as is currently the case in the international classification (camels), which is based in the assessment and classification of capital assets standards, liquidity, profitability and risk management, but the specificity of the banking business in Iraq requires assigning him or company specialized international to do in conjunction with the central bank re-evaluation and classification adoption of the standard standards and additional consistent with the reality in Iraq such as the adoption business results for the banks and the final accounts for the years (2015-2016) and focus analysis of assets and revenues and expenses and capital adequacy indicators of employment of money and credit the cash given to the sectoral distribution, the rate of return to capital and return on assets and liquidity ratio and the extent of the banks with the instructions banking window commitment and particularly activating the central bank initiative to finance small and medium enterprises and obtaining distressed debt and a commitment to the Basel Convention, 2 and 3 and management of credit, liquidity, operational and market risk. And to be the result of rating helps the central bank to determine the share of each bank in the window Currency sell the currency in the determination of the bank's share of the amount allocated for the financing of small and medium enterprises according to the new classification.
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