Banks and its role in the development of the Iraqi economy

[nathan1606]

Achieve Yasser Al Asadi

Investment banks are the most important generally economic sectors that contribute to the advancement of economic reality of a country and particularly if working to develop industrial projects, urban and agricultural and other

Iraq is one among countries experiencing concrete movement in this aspect, although this experience speaking it is a good step towards development of a national economy where banks now increased to more than 30 banks after 2002 later than 12 banks and increase the number of Islamic banks to seven banks entering Iraq in modern economic system (market economy), this system of instrumental in strengthening the economic power of countries there say run this system through the awareness of the economic and scientific. And for the institution of banks and experts who manage this vital aspect is important. The l (citizen) tour to learn the functions and role of some banks in the Iraqi economy.

Public deposits

Iraqi Deputy Central Bank Governor Ahmed البريهي said of the problems we face that ways of Iraqi society to deal with banks weak so the group public deposits in the banking sector whose 13 trillion IQD this لايتناسب with GDP in Iraq. It can be said that public deposits in banks relative to the size of the macroeconomic are اوطئ ratios in the world. And ambition have acne lesions in private sector investment and productive activity resumes in industry and others. The deposit is the fastest route to the ability of banks to second the lending bank loans in each world usually rely on guarantees where no bank loan without a guarantor assets than approximate value of the loan amount. The third problem that project funded by the loan must have sufficient information to canonical analysis to see project schedules are other analytical and calculation procedures to ascertain the extent of project's ability to meet the debt. He continued with regret not banks lack so far تاهيلات these technical matters.

And the customer to this analysis but the Bank is to decide in the light of this analysis, it must have angels can describe what is required in these studies and how you've read effectively. Decision. The fourth problem is failed banks in so-called (loan contracts) any failed to meet its clients who borrowed. Fifth problem introduced in the market up institutions to buy debt to increase flexibility banks in diversification by asset and liquidity problem

But banks suffer mismanagement or potential corruption or manipulation and fraud and dishonesty like other companies. And on the role of development banks must be clear to all that the role of banks predestined to total public deposits (deposit). And on the causes of decline in Iraqi bank performance and whether it actually decline recently said problems arose in banks talk but cannot say that the role of banks. The provided by the banks to the private sector and the banking activity has increased in recent years is wider than it was in 2004

Islamic banks

For his part, Managing Director of Islamic Bank of illaftrain Akram required Rashid Bank is Islamic Bank لايتعامل with loans that deal with RIBA according to interest and loan fixed annual or semi-annual works on a system called murabaha any enter bank partner with any project after project study for Bank project financing and on the basis of the profit and loss we took this aspect with the Bank because of its importance in the development of economic activity. The problems facing the banking sector in Iraq about credit risk for companies and adoption credit or loans and non-adherence to the Central Bank of Iraq who help ensure that the collapse of the banks and companies and how to use the Bank's deposits are guaranteed and well thought out projects.

Banks finance and investment

And Associate Director of the National Bank North of finance and investment bank seeks Abdel Hussein Al-Hadi increased its capital to more than one hundred and twenty five billion dinars in line with the decision of the Central Bank which was invited to raise capital for private banks to over 250 billion dinars for the next three years, contributing to increased support banking and encouragement to support economic development. And on the role of development banks, private banks would play an active role in the national sector through its contribution to the financing of economic activities through funds at banks and allowed for investment bank

Association of Iraqi banks

The Executive Director of the Association of Iraqi banks acting Super Gihan noted in its supervisory role and banking and instructional guide and educate private banks and also the role of the Association in its supervision and participation in training courses be held up for Bank staff.

وفي حديثه عن دور المصارف وصفها بانها الشريان لتمويل المشاريع الاستثمارية ومشاريع البنى التحتية وفي كافة انواع المشاريع الصناعية او الزراعية او التجارية او السياحية التي تهم اقتصاد البلد وهي بذلك مهمة جداً بالنسبة لتطوير الاقتصاد الوطني العراقي . وتابع ان الاستقرار السياسي يرتبط بالاستقرار الاقتصادي حيث ان الجانب الامني والعمليات الارهابية هي أبرز المعوقات ، من جانبه اشار المستشار القانوني للرابطة المحامي محمد خضوري الى ان الرابطة هي ادارية تنظيمية وجدت بجمع شمل المصارف الخاصة في السبيل اصلاح العمل المصرفي على وجة الدقة والعمل المنتج المثمر وفقاً للأساليب التقنية الحديثة وحسب احكام القانون والتعليمات الصادرة بذلك ويتوسط البنك المركزي العراقي الذي يعتبر المسؤول عن ادارة المصارف الخاصة وتوجيه عملها نحو الافضل . فهي رابطة بين المصارف الاهلية والبنك المركزي العراقي استنادا لاحكام البنك وايضا في اهميتها في كونها تنظيم عمل المصارف الاهلية . من جميع الجوانب التي تحيط بها عملها حيث تعتبر الرابطة ان البنك المركزي والمصارف الاصلية هي الدعامة الاقتصادية لدعم الاقتصاد الوطني العراقي . ان الاعمال المصرفية فيها الجانب الايجابي وهو القيام بالاعمال المصرفية الصحية على اوجه الدقة يتبع اشارت القانونية وتنفيذها بالصحة والعدالة اما الجانب السلبي فهو التجاوزات التي تحصل في بعض الاعمال المصرفية نتيجة للتزوير او التحريف لغرض الاختلاس . وفي حديثه وبصورة مبسطة ومختصرة ايضا في اسباب تراجع العمل المصرفي في العراق او غيره الى الظروف السياسية والامنية وهي لاتعدوا ان تكون مؤقتة وتزول بزوال هذه الظروف.

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