Banking Forum emphasizes the importance of communication between the Iraqi and Lebanese banks policy

Banks

Economy News / Beirut Ghassan judge ...

Began on the hall Phoenicia Hotel in Beirut on Wednesday morning, the work of the third session of the Forum for Iraq banking with the participation of Governor of the Central Bank of Iraq on the Keywords and head of the Iraqi private banks association Wadih Handal, along with 350 other senior officials in the Iraqi and Lebanese banking sector and corporate finance, financial services and informatics in Iraq and Lebanon.

It seeks Forum, which 54 banks and 14 companies involving financial services and 15 company Informatics and 26 companies patron to discuss future prospects of the banking activity in Iraq are also held on the sidelines of meetings Tnayah among Lebanese banks operating in Iraq and the Governor of the Central Bank of Iraq on the Keywords to discuss the prospects of cooperation.

And initiated the opening session of the forum the words of the CEO of Wal-Aamal Group Roauf Abu Zaki and president of Banks in Lebanon Association Joseph Tarabay stressed the importance of coordination and cooperation between Iraq and Lebanon in the field of banking activity and contribute to sustainable development in Iraq and the strengthening of experience banking operations in the two countries and the use of technical means in modern banking and insurance the safety of the banking business in both countries.

The words focused on the importance of communication between the Iraqi and Lebanese banks and strict adherence to the instructions and directives of the Central Bank of Iraq policy.

She emphasized the words on the importance of closing the ports of corruption and pay most attention to the safety of remittances and the fight against money laundering.

The President of the Association of Iraqi private banks and depositary Handal speech at the opening session of the Mmmeltqy across the outset appreciation for Lebanon. To Ahtzanh this forum, noting developments in the Iraqi banking sector and the challenges faced by referring to the impact of the financial crisis and economic recession in Iraq and the region and the war on terrorism on the banking business and the economic situation in Iraq in general, stressing that the banking sector managed in spite of all these circumstances, to overcome obstacles and counter threats compliance and money laundering, and the application of the rules to ensure that Iraqi banks reputation in its relations with correspondent banks.

Handal and touched on the plans and projects of Iraqi private banks association in the field of rehabilitation of human resources, noting organized training courses for 200 employees of banks over the past year and its quest to train another 400 this year, 2017.

He noted the association's quest to implement the Central Bank of Iraq, a plan and a commitment to standards issued in the area of ​​compliance and paying special attention to lending in the light of this purpose, the Central Bank's initiative to allocate $ 6 billion to support small and medium-sized enterprises and revitalizing the Iraqi economic sector
He expressed hope that the settlement of employees' salaries in private banks, similar to the Iraqi Central Bank.



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