Al Nassiri: participation of banks in the Baghdad international exhibition promotes economic ties with countries around the world



21/10/2017


Economy news _ Baghdad

He said economic and banking Adviser Samir Al Nassiri, Saturday, the broad participation of Iraqi private banks Association and State and private banks in the 44 session of the Baghdad international fair promotes confidence in the Iraqi banking sector and documenting economic and banking relations with foreign countries and States Arabic especially the Gulf States and thus contribute to this joint cooperation relations and finding concrete correspondent banks, where it participates in this session 18 and 400 Government and private companies in all disciplines and areas.

Al Nassiri pointed out in the interview for "economy" in assessing such participation, "the Iraqi banking sector and particularly goes through some banks find their activities because of the economic and financial crisis facing the country for objective and subjective reasons known to all, that managed intervention And support from the Central Bank of Iraq and the cooperation and understanding and realistic analysis study by Iraqi private banks Association, rehabilitation and Re-public service activities wheel 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 funding loans for the financing of small and medium-sized enterprises within The Central Bank's initiative to allocate six trillion 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.

He noted that "the public to visit pavilions 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 Minister btasisha, and is currently completing the legal, administrative and technical aspects of the direct purpose ".

And Al Nassiri said, "this 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.

Al Nassiri called "Government, Central Bank and Finance Ministry 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 banks Which now accounts for 14 percent of total deposits as well as ministries and agencies concerned with resettlement staff salaries at banks with a view to increasing the capacity of banks to give cash credit of all kinds in addition to involve leaders and experts almsarki sector of economic industry Relationship with the banking sector and involve them in official delegations and joint committees for economic cooperation with the countries of the world because without a sound banking sector cannot build a sound national economy. "

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