Government banks are floundering because of their management by "accountants" away from economists




Monday, 10 April 2017 | 01:20 pm


BAGHDAD (Reuters) - The economic performance of state-owned banks in Iraq has fallen to the level of economic challenges, pointing to a foggy view of the country because of reforms that have forced The government to conclude with the competent international bodies such as the International Monetary Fund and lack of flexibility.

"Government banks are still conventional and do not have the economic vision mainly because they are managed by accountants and are not managed by economists and therefore no general manager or official can build a real economic vision," expert Salam Samisem told Iraq News. "Thus, the performance of government banks in Iraq is declining and does not meet the level of challenges facing the Iraqi economy."

"There is a blur in the vision because the weak administration in its intellectual structure is fluctuating between reforms that the government had to conclude with the competent international bodies such as the International Monetary Fund and its lack of flexibility due to its traditional banking governance," she said. Fixed policy towards the subject of credits there is an absence of an important issue is the absence of a deposit portfolio guarantee. Finished 2

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