Rafidain & Rasheed bank restructure proposal shares to private sector 11-22
Keywords: There is a proposal for the restructuring of Rafidain and Rasheed bank or put their shares to the private sector
Author: AR, ASJ, HH
Editor: AR, HH 11/22/2015 12:38
Number of Views: 669
Long-Presse / Baghdad
Detection Iraqi Central Bank Governor on the Keywords, on Sunday, for a proposal to restructure the bank Rafidain and Rasheed to the large number of administrative and technical their problems, as he pointed to the possibility of putting some of their shares to the private sector.
The governor of the Central Bank on the Keywords during a press conference held at the Central Bank building and attended (range Press), "The bank Rafidain and Rasheed Asthoman 80% of the banking assets," noting that "the two banks suffer many administrative and technical and technological problems."
Keywords and added, "The right solution is to restructure the banks or create some stock in partnership with the private sector", stressing that "the Bank is working in this direction with the prime minister in coordination with the World Bank."
The Rafidain Bank, confirmed on Sunday the (November 7, 2014) that the claim Parliament was restructuring with Rasheed Bank, does not mean separated from the Ministry of Finance, but come to improve and Aqahma and increase their effectiveness and automation of their work along the lines of international banks, noting that cases of breaches recently witnessed stimulated with the Central Bank of Iraq, to re-examine the system for clearing the electronic controls to put "more stringent" to control it almost full.
[B]The banking system in Iraq is made up of 43 banks, as well as the central bank, and are distributed according to government ownership between seven and 30 waged, including seven Islamist, as well as six foreign banks.[/B