The Association of Private Banks appoints a temporary chairman




2017/06/11 (00:01 PM) - The number of readings: 187 - Number (3946)


Baghdad / Range

The administrative body of the Association of Private Banks yesterday announced the appointment of an interim chairman instead of Wadih al-Hanalal, who was sacked by the majority of the members of the administrative board, pointing out that the dismissal came against the background of administrative and legal violations of the association's work.

The Commission said in a statement received by Al-Mada that it appointed the vice president of the authority as interim chairman instead of Wadih al-Hanalal, who was sacked by the majority of the administrative board members due to administrative and legal violations of the association's work.

The Commission pointed out to "determine the period of 45 days to hold new elections to choose a permanent president of the Association, which is one of the most important institutions affecting the Iraqi economy of the importance of the banking sector in the economy of Iraq and the daily life of citizens through the direct and indirect impact on prices and markets and trade exchanges.

She added that "the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits at the expense of the banking sector led to spasms in the relationship between banks and the government sector, which almost caused a shake in the Iraqi markets Especially the Iraqi economy is still shaken by the effects of the decline in world oil prices and is experiencing a recovery calculated with the large government expenditure because of its war on terrorism.

The Association of Iraqi Banks decided on Tuesday to dismiss the president of the Association of Banks, while pointing out that a new president of the Association will be chosen later.

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