Banker: the idea of ​​transforming the private banks to financial institutions will organize their work and promote the national economy

[yota691]

Banker: the idea of ​​transforming the private banks to financial institutions will organize their work and promote the national economy

10.25.2012 | (Voice of Iraq) - Add a comment -

Baghdad (news) called banking expert Mohsen Ali, the need to transform the private banks to financial institutions large to enhance the financial assets and organization of work, which will promote the national economy. said Ali (of the Agency news): The idea of the central bank to convert the private banks to financial institutions large through merged Baovernmah will organize their work and enhance its financial position through increased financial assets. added: Some private banks declared bankruptcy in recent because there is no law discreet organizes its work and the absence of strict control and follow-up by the central bank while if turned into financial institutions large will develop its work and contribute the advancement of the national economy. said: that private banks when running large financial institutions will make its ability to promote the economic reality of the country, it works a special law by organizing its work under the supervision of the central bank or government agencies other affiliates. This confirms the Iraqi Central Bank to number of private banks arrived in Iraq to 40 banks while capital is still weak and need to be that banks more aggressive with each other to form a capital strong. referred to the government banks dominant 92% on the domestic market and private banks do not exceed their dominance of the 10%, which is Do not take space from the Iraqi market, according to the central bank. CBI seeks to restructure private banks in line with the general structure of the Iraqi market and the nature of its relationship with other global markets.

Read more: http://www.sotaliraq.com/mobile-news.php?id=75071#ixzz2AIi0Q4Lt

[k98nights]

Banker: the idea of ​​transforming the private banks to financial institutions will organize their work and promote the national economy

Date: 25/10/2012 05:23:55 Thursday

Baghdad (news) .. Called banking expert Mohsen Ali, the need to transform the private banks to financial institutions large to enhance the financial assets and organization of work, which will promote the national economy.

said Ali (of the Agency news): The idea of the central bank to convert the private banks to financial institutions large through integrated Baovernmah will organize its work and enhances its financial position by increasing financial assets. added: Some private banks declared bankruptcy in recent because there is no law discreet organizes its work and the absence of strict control and follow-up by the central bank while if turned into financial institutions large will develop their work and contribute to the advancement of the national economy . said: that private banks when running large financial institutions will make its ability to promote the economic reality of the country, it works a special law by organizing its work under the supervision of the central bank or government agencies other affiliates. This confirms the CBI that the number of private banks reached in Iraq to 40 banks while capital is still weak and need to be that banks more aggressive with each other to form a capital strong. referred to the government banks dominant 92% on the domestic market and private banks do not exceed their dominance of the 10% it does not take space from Iraqi market, according to the central bank. CBI seeks to restructure private banks in line with the general structure of the Iraqi market and the nature of its relationship with other global markets. / end / 8. n. p /

http://ikhnews.com/news.php?action=view&id=61290

[zigmeister]

You know Turki seems to be on speed with his temp job. Thanks guys these are very good articles as to direction the CBI is going.

[hoosier1470]

You know Turki seems to be on speed with his temp job. Thanks guys these are very good articles as to direction the CBI is going.

I figured as much when they put him I to this position. My thoughts from the start was that we would see.things start to move very quickly!! Seems as though that is exactly was is happening!! Hang on peps...I believe we are closely approaching the end of our ride!! God Bless!!

[tooter39]

I hope so hoosier....not to soon for me...