New banking leadership challenges and benefits

Economic

December 18, 2016


Thamer Alheims

A vast difference between reform and restoration , as characterized by the reforms package including generated new leaders in government banks, where the process is not just switch on the faces or renovation of Ataatlam with negative developments and accumulations.

What is required from the new government banking leaders in the light of their past during the period despite earlier legacy of international sanctions to inclusiveness, down to corruption and the consequences of the banking business of civil or foreign Kmostagdat effects on monetary and financial impact of macroeconomic arenas?

There is no doubt that serious challenges First , how to attract 77 percent of chunky currency in the houses, which was banking performance and some underdeveloped concepts and instability cause its basic This challenge if Ajtznah we'll not borrow at least the fact that the money supply is greater than the loans not to mention the activation of the funds in home because of its relationship to work and operating any macroeconomic requirements.

The second challenge is how to take advantage of modern technology in the field of banking and how to invest our relationship with foreign international banks and their branches at home that often spin in astronomy import and its impact on the money supply in general.

Third challenge for the new leaders of government banks is how to deal with its own civil and foreign banks and this was mainly due after the answer to the question do you stay and for how long the public sector leader? Fmahlat leadership now in possession of the largest bloc in cash as exceeding the 90 percent and the fact that this dominance can not leave in sight to be Stratjah setting for the distribution of dominance and responsibilities integrally through the options put forward by both sides of the relationship , such as partnerships or resettlement of salaries that have become swallow oil production.

Due to the contraction of imports based on oil price decline, the favorable opportunity to pay cash bloc domestic banks towards housing and Al_iad, industry, agriculture and services through a solidarity relationship reassure her National Bank and the investor and the contributor or beneficiary customer.

This may be the most prominent challenges but contrast to this relationship and interaction are necessary to get out of the mantle of the public sector in terms of timeless visions and perceptions have. And after the proposed restructuring of the two banks (Rafidain and Rasheed) at the left nineties any international sanctions and sagging after (2003) and Hoaibh.

Since the proposed restructuring is not Asath process and takes time is not commensurate with the acceleration of current events Aqsadia and politically. So our Trade Bank of Iraq, for example , it does not need to restructure was being newly constructed in the light of the economic philosophy of the state and therefore does not carry a heavier administrative leave him and concepts. It also has 400 correspondent bank in the world and 21 branches of banks using the latest technology and has promising projects with the staff and expertise to play its role is restricted visions and considerations earlier maybe.

This is the bank to move as quickly as he could to turn more of the industry, agriculture and housing interest as the foundation of our problem is the real development and not a random trade and be a real contender for foreign banks in Iraq in the field of technology and work with the international banks.

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