Al Nassiri: participation to the banking sector in the Baghdad international exhibition


03/11/2016 13:03

He said banking expert and member of the International Union of Arab bankers Samir Al Nassiri broad participation of Iraqi private banks Association and Government and private banks in the 43 session of the Baghdad international fair promotes confidence in the Iraqi banking sector has pointed out in his speech to the Economics News Agency in assessing the Iraqi banking sector and particularly goes through some banks find their activities due to the economic crisis and the country's financial objective and subjective causes alarofh to everyone and that led to a shortage of liquidity.

Managed by Central Bank intervention and support of the Iraqi and understands 0 study and realistic analysis by Iraqi private banks Association, represented by the President of the Association's efforts and cooperation of bitter melon alsidodia gentlemen heads boards and managers Commissioners

And executive management of banks in rehabilitation and Re-public service activities wheel back quickly and strengthen confidence in the Iraqi banking sector. Broad participation and came to the banks of the Baghdad international fair in the presence of Commissioners and Directors Association featured attempting to promote bank products and services provided by banks at present

And particularly the funding to finance loans to small and medium-sized enterprises within the Central Bank's initiative to allocate 6 trillion 500 billion dinars to activate economic cycle and reduce unemployment of graduates as well as motivate the audience to go for savings banks and reduce the compactness in homes in unsafe places.

To visit the public for participating banks and banking plans and procedures and services will contribute greatly to restore confidence by being sober national financial institutions and where the deposits would be guaranteed by law especially when direct deposit insurance company which issued the decision of the Council of Ministers btasisha.


Al Nassiri pointed out that these promising banking participation will contribute to the level of Arabic and foreign banking relationships to strengthen confidence in the Iraqi banking sector and banking cooperation interphase among Iraqi banks and correspondent banking.

And invited relevant government authorities and Al Nassiri Central Bank and Ministry of finance to implement the decisions of the Council of Ministers, the Cabinet's Economic Committee and to support private banks and lending her create a State of balance between the size of deposits in State banks and deposits at private banks which currently represent 14 percent of total deposits as well as ministries and agencies concerned with settling salaries for 10 million employees and retirees in banks in order to increase the ability of banks to give cash credit of all kinds in addition to engaging the leaders and industry experts at almsarki Making economic decisions related to the banking sector because without a sound banking sector cannot build a sound national economy.


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