Association of Private Banks: We trained 2000 bank employees during the current year

The head of the Association of Iraqi Private Banks, Wadih al-Hanalal, that the private banking sector has managed over the past three years to grow and overcome the financial crisis, pointing to the Association of private banks trained during the year 2000 bank employee.

Al-Hantal said in his speech at the conference "Banking and Investment" held at Al-Rasheed Hotel and attended by "Economy News", "The private banking sector has managed during the past three years, despite the financial crisis and economic strangulation suffered by Iraq to grow and develop its financial indicators at the level of capital and assets And monetary credit in spite of the difficulties and to follow the directions of the Central Bank in the areas of institutional development and international accounting standards and compliance with the rules and regulations of compliance and combating money laundering and financing of terrorism and build international relations with distinct regional and foreign banks Wu Establish the means and policies to achieve financial and monetary stability and the evaluation and classification of banks in accordance with international standards.

He added that "the Association of Iraqi private banks working to achieve financial coverage through the project to settle salaries, which provides banking products modern means to employees in addition to the achievement of other goals within the framework of the rise in the proportion of employees in the banking sector to the proportion of population, and withdraw the mass of cash surplus and increase the proportion Saving to the percentage of home-based compactness ".

He pointed out that "the Association of Private Banks has trained 2,000 employees during 2017 in specialized training courses in the areas of compliance, money laundering, risk management, banking awareness and international accounting standards, as well as grants to enable young graduates and qualify them for banking and job creation for them in private banks."

He pointed out that "the Association of Private Banks worked in cooperation with the General Secretariat of the Council of Ministers and the Central Bank of Iraq and the world musician Nasir Shamma of the implementation of a program of community initiatives to implement the project Baghdad, which laid the foundation stone for him yesterday and was the development of 20 main squares in Baghdad, and the initiative to support the Iraqi Drama Fund And the establishment of the Humanitarian and Social Initiatives Fund. "

He pointed out that "work is underway on the establishment of the Central Bank to establish two companies for the financing of large projects will be the participation of private banks and government in order to contribute to sustainable development."

He called on the media to "convey the real optimistic picture of our economic and banking situation, and to exercise caution in the transfer of information, which often affect negatively and slow down the investment process and shake confidence in investors, especially as we are heading to a major reconstruction."

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