Association of Iraqi banks sign cooperation agreement with the Union of Arab Banks to develop their capacities and hold

[yota691]

 

 

Besides the signing of a joint cooperation between the Association of Iraqi banks and the Union of Arab Banks Agreement

Association of Iraqi banks sign cooperation agreement with the Union of Arab Banks to develop their capacities and hold investment conference

 

Author: AB, MJ 
Editor: AB 2016/01/24 18:03 Number of Views: 66 

 

 

Long-Presse / Baghdad

The Iraqi Association of Banks, on Sunday, signing a cooperation agreement with the Union of Arab Banks for the development of human resources, and called for the legislative and executive authorities to capitalize on this collaboration for the development of the banking sector, and with Union revealed the existence of preparations for the convening of an economic forum in Iraq to attract investors, expressed its readiness to provide assistance to establish the Association of Iraqi banks.

This came during a press conference held by the Association of Iraqi banks with the Union of Arab Banks on the sidelines of the signing of a joint cooperation agreement, the Babylon Hotel in central Baghdad, and attended (range Press).

The head of the Association of Iraqi banks and depositary Handal in a speech during the conference, said that "Iraq has signed today a cooperation agreement with the Union of Arab Banks, is the first of its kind after 2003," returned the Convention "a great success for the Commonwealth of being open the doors of cooperation with the European Union and the Treasury American ".

Handal said that "the agreement is for the development of human cadres working in Iraqi banks through training and education and develop their ability through the use of modern technology," calling on the legislative and executive branches to "capitalize on this agreement."

For his part, Secretary General of the Union of Arab Banks and Sam Fattouh said during the conference, "the Iraqi authorities are serious restructuring and the development and rehabilitation of the banking sector to put it within the international banks."

He said Fattouh, that "the agreement signed today, provides short on the commitment of Arab Banks Union numbers training an important program for the sector of the Iraqi banking, bring Arab and foreign expertise to Baghdad and prepare capacity building in subjects related to international accounting standards and to combat money and CFT program."

He Fattouh, that "this agreement will not belong only private banks, but will include government banks, have start from the Rafidain and Rasheed Bank and the Commercial Bank of Iraq," stressing "the seriousness of the Union to provide any advice or assistance in agreement with the Association and with the blessing of the Central Bank of Iraq."

The Secretary-General of the Union of Arab Banks, that "Iraq needs to develop the banking sector and infrastructure and the system of information and training for capacity building," revealing "an intention to hold an investment conference in Iraq under the title of (Iraq Economic Forum)."

And between Fattouh, that "preparations are underway to hold the conference," returned him "a good opportunity to bring Arab and foreign investors to Iraq, opening the door for investment in Iraq's banking sector."

He explained Fattouh, that "these investors will be briefed on the investment laws in Iraq and investment opportunities, and will play an Association of Iraqi banks and the Union of Arab Banks large role in this forum," stressing the need to "expand the Association of Iraqi banks to include all Iraqi banks and foreign under the name Association of Iraqi banks." .

He Fattouh, the EU was ready "to provide assistance to establish the Association of Iraqi banks and the development of its statute," pointing out that "this should be done in Iraq."

The experts and officials, bankers and Financial enemy in the (January 2016 9) that the government go to support the private sector and face the repercussions of the financial crisis "will not result in" desired results "unless" provide legislative and legal environment that supports the banking sector, and accused the government and private banks are currently not contribute the role of a "real" to support the productive sectors, as called for the central bank to limit the granting of new banking licenses, the bloc demanded banks to provide venture capital accumulated position to finance an important strategic projects.

 The head of the Council of Ministers, Haider al-Abadi called in (the 12th of December 2015 the past), the banking sector to make a "leap quantity and quality" in its activities, and stressed the government's determination to activate the role of private banks, while warned of "obstacles" delayed the work of banks put own, he pledged to "hold negligent."

The banking system in Iraq is made up of 43 banks, as well as the central bank, and are distributed according to government ownership between seven and 30, including an Islamic civil seven, as well as six foreign banks and is distributed as follows: 600 branches throughout Iraq.

 

 

[yota691]

Rafidain Bank

Rafidain Bank has the "largest" financial stocks in the region with assets of $ 210 billion

 

Author: AB, MJ 
Editor: AB, BS 2016/01/24 18:23 Number of Views: 15 

 

 

Long-Presse / Baghdad

Detection Union of Arab Banks, on Sunday, the possession of Rafidain Bank "largest" stocks Mali in the region and the Arab world with total assets of $ 210 billion, and stressed that Iraq does not need the money in order to stimulate economic and banking sector, while pointing out the need to develop human resources, banking in Iraq.

The Secretary-General of the Union of Arab Banks and Sam Fattouh, during a press conference held by the Association of Iraqi banks with the Union of Arab Banks for the signing of a joint cooperation agreement in the Babylon Hotel in central Baghdad and attended (range Press), said that "Iraq does not need the money in order to stimulate economic and banking sector."

Fattouh said, that "Rafidain Bank owns the largest financial inventories in the region and the Arab world, with total assets amounting to $ 210 billion," noting that "Qatar National Bank ranked second with total assets of $ 145 billion."

The Secretary-General of the Union of Arab Banks, that "Iraq needs to develop its human resources and banking business in order to finance the local economy," pointing out that "the Union is working on it after the signing of a joint cooperation with the Association of Iraqi banks agreement."

The Association of Iraqi banks announced on Sunday, signing a cooperation agreement with the Union of Arab Banks for the development of human resources, and called for the legislative and executive authorities to capitalize on this collaboration for the development of the banking sector, and with Union revealed the existence of preparations for the convening of an economic forum in Iraq to attract investors, expressed its readiness to provide assistance for the establishment of the Iraqi Association of banks.

Read more: http://dinarvets.com/forums/index.php?/topic/214963-rafidain-bank-has-the-largest-financial-stocks-in-the-region-with-assets-of-210-billion/#ixzz3yAyi5inN

[yota691]

Secretary General of the Union of Arab Banks, Wissam Fattouh, during a press conference held at the Babylon Hotel in central Baghdad

Union of Arab Banks: No whitening operations in Iraqi banks

 

Author: MJM 
Editor: the AT, BS 2016/01/24 18:26Number of Views: 41 

 

 

 

Long-Presse / Baghdad

He denied the Union of Arab Banks, on Sunday, the existence of money laundering operations in Iraqi banks, as pointed out that the US Treasury Department shall impose "tough sanctions" against banks that rely so financial operations.

The Secretary-General of the Union of Arab Banks, Wissam Fattouh, during a press conference held today, Iraqi banks association with the Union of Arab Banks for the signing of a joint cooperation agreement in the Babylon Hotel in central Baghdad, and attended (range Press), that "there are no any process of money laundering in banks Iraq nor in the Arab world. "

He said Fattouh, that "the US Treasury Department unforgiving Baqhobadtha Should any doubt the existence of money laundering operations in any bank", adding that "the Treasury Department sued the largest French bank a year ago, in spite of the existence of good relations between Washington and Paris."

He noted the Secretary-General of the Union of Arab Banks that "the US Treasury did not record any sanctions on the Arab banks with the exception of two banks, one in Lebanon."

The media and political parties, deliberated, during the past few days, the presence of money bleaching operations in a number of Arab banks, including the Iraqi banks.

 

Read more: http://dinarvets.com/forums/index.php?/topic/214965-union-of-arab-banks-no-whitening-operations-in-iraqi-banks/#ixzz3yB0eLiy3

[MyLadiesDaddy]

Oh joy, their having another meeting. 

 

   

[Laid Back]

Suddenly all the banks want to help Iraq.!

Iraq will succeed

The dinar will raise

[ComPLX]

Things are lining up very neatly

[Boozer]

Soon

[Shedagal]

Imminently

Edited January 25, 2016 by Shedagal

[Gypsygirl11]

Ohhh....me likey! 

[drj]

Great news!

[markb57]

If I read, "Iraq needs to develop the banking sector and infrastructure and the system of information and training for capacity building," revealing "an intention to hold an investment conference in Iraq under the title of (Iraq Economic Forum)." one more time, I think my head will explode. How many more times and ways can Iraq develop their banks?????

[vato96]

There is alot of money being made available to Iraq. These people arent stupid they are simply digging their claws in while iraq is weak. They know the dinar will rise that is why they aren't worried about losing anything.

[TennesseeCherokee]

That's the way, I like it....

Edited January 25, 2016 by TennesseeCherokee

[yota691]

Memorandum of Cooperation for the construction of an effective banking sector

 

 

         

1/26/2016 0:00 

BAGHDAD - Hussein al-Tamimi Tgb 

began a new stage of cooperation to cooperate with Arab banks that have come to rely best technologies and provide advanced products, Iraq desperately need to create an attractive environment for foreign investment and their capital and use it to Iraq. 

President of the Iraqi private banks association meek ​​Handal said during a speech during the signing Memorandum of Cooperation collected Association of the Union of Arab Banks, it is the first of its kind initiative in the history of Iraqi banks, returned them the turning point of a new stage in the history of local banks aimed at creating a sophisticated banking sector, pointing out that the Arab Union draws came after he realized the importance of Iraq on the Square the regional and international economy, revealing the preparation of the Forum on Economic Information in cooperation with the Iraqi Journalists Syndicate, which aims to take the media leading role in addressing the economic events in a professional. Capacity development and added that the Iraqi private banks association is working to develop the work of private banks operating in Iraq in terms of infrastructure and working methods and human capacity offshore banking relations as the Union of Arab Banks has expertise in the support and development banks in the Arab region and to facilitate the exchange of information and the dissemination of knowledge and the establishment of forums and conferences, pointing to the desire of both parties to cooperate in order to support the Iraqi banking business.Handal said the memo included cooperation agreed upon aimed at coordination and communication between the two parties in terms of possibilities and general trends relating to banking work in Iraq, and the exchange of specialized through the training of the Iraqi banking sector, capacity building and holding specialized conferences inside Iraq experiences, or in one of the Arab countries (to be agreed on the choice of the country the right to host the event) with study each case individually and will be agreed on a mechanism, all as required by each activity, as well as to contribute to the coordination and support the Union of Arab Banks activities. Association of Banks in turn called Sam Fattouh, secretary general of the Union of Arab Banks to change the Iraqi private banks association to the association of private and public banks in order to devote the content of the partnership first and then join up with international banks, revealing the preparation of the investment in the coming period attended by Arab investors to see offers in Iraq. Fattouh said that the EU is committed to its mission for training Iraqi human resources in a more of detailed or banking product under the supervision of international experts, pointing to the Union's commitment to approach training preset through several training courses which gives the apprentice training certificate. openness to the Arab Banks Ali Tariq Executive Director of the Association he said that cooperation with the Union of Arab Banks is the gate real openness to Arab and regional banks, which have sophisticated systems and banking technologies, pointing to the possibility of achieving cooperation between the parties to the similarity of the work environment process, confirming the feasibility of this agreement with the Union, which is aged over 40 years and has the competencies has empowered international experience of all advanced banking systems. He pointed out that Union work on the development of banking systems in many Arab countries, and look forward to contribute to capacity building and cooperation in the field of organizing workshops in the field of banking technology and there will be a qualitative addition to the banking sector. Tariq pointed out that attracting investments requires the presence of a strong banking sector is capable of managing funds that employ in the investment process, and our ambition to create a sophisticated banking products chime and investment requirements, which represents an important part of the attractive environment. International Arbitration and said that the note included the agreement to hold some of the activities of the Forum or bank meetings inside Iraq, and to provide the Association as required by the private information banks ASEAN member yet studied the condition mentioned Union name as a reference for this information, and the exchange of invitations to conferences and events for both parties, as the Association provides support in the field of international arbitration or conflicts in the State of the Union asked that in matters relating to Iraq, specifically, as well as the exchange of information on technological development and modern means of banking services. For his part, Vice President of the Association Ali tempted said that this step comes to be Iraqi banks closer to the Arab banks, pointing out that the volume of work in Iraq, large and needs to be advanced banking services capable of dealing with large numbers, especially as the volume of work large and in all parts of Iraq, and this needs to be expanded horizontally to the banking sector operates sophisticated technologies for meets the needs of all beneficiaries. He pointed out that the memorandum focused on the Union offers the possibility of training and scientific and media in the success of Activity decide Association work in Iraq, provided that the benefit of the two parties after study by-case basis and in agreement Advance logistical and financial.

 

[Boozer]

That's the way, I like it....

I was 19 and had this on 8 track.

[yota691]

Association of Banks

 

 

         

Author: Yasser incumbent

01/27/2016 0:00

Represented the visit of a delegation of Arab Banks Union to Iraq under the chairmanship of Secretary General Wissam Fattouh, a positive turning point in the history of the Iraqi Arab banking relationships, which is the second in two months on the third Banking Conference later, and reflects the interest of the Arab countries in the Iraqi market and Taoelha on investment opportunities in spite of the financial crisis this event asphyxiating. Caught my attention signals sent by Fattouh, during a press conference, accompanied by bitter melon after signing a memorandum of cooperation between banks and the Union Association, which crystallized after the bilateral meetings held by the delegation with the Central Bank and Ministry of Finance, impressions about the government's response represented by monetary and fiscal Balsulttin Conference recommendations aimed at achieving banking reforms. He told as suggested by Fattouh his call for the expansion of the Iraqi Special converts it to an association of banks and the Association of Banks in order to government banks and all banks operating join 

in the country. 

I can promise this proposal as one of the means banking reform and step leading on the road to create a genuine partnership between government and private banks, and the reason this description lies passage Henk everyone that the gap between the public sector and the private sector in the field of possession and use of modern technology and following the implementation of international standards, where government banks remained behind in this area, while the private banks, which has made ​​great strides.This gap led to the reluctance of the required reforms in keep pace with developments in the world, so I find in the Assembly the right opportunity to benefit from the close cooperation programs that contribute to the development of human capacity at the hands of Arab experts Tstkdmanm Association. 

The move comes at a time when banks are preparing for the implementation of development loan program which fired by the central bank, where private banks cut strides in the field of training to ensure the success of the program in public banks at a standstill and find it difficult to force the exception of TBI tbi, hence the importance of the accession of all banks in the Assembly 

proposed.

[sandfly]

THANKS

[wildeman]

Agreed LB. Thanks Yota.

[MyLadiesDaddy]

THANKS

Welcome back my friend. Nice to see that you're OK, ya know we all worry so much when 

 

you're gone. 

[yota691]

The start of the financial and Finance Forum Alastosmarltazizalhmol with the participation of Iraqi private banks association        Economy News / Sharm el-Sheikh .... 

 

Work started Finance Forum and financial Alastosmarltazizalhmol and Alastaqraromkavhh terrorism, organized by the Central Bank of Egypt in cooperation with the Union of Arab Banks and the Federation of Egyptian Banks.

And participate in the Forum and delegations representing banking and financial institutions in the Arab countries, including the Iraqi private banks association represented by its president and Wadih Handal. 

And discusses the Forum, which is held under the auspices of the Governor of the Central Bank of Egypt Tarek Hassan Amer, over three days, research and studies on banking and banking Doralamassat in support of small and medium enterprises and Alastaqrarwalnamwalaguetsada Arab countries, as well as a joint Arab vision in the field of combating the financing of terrorism.

 

Views 12   Date Added 01/28/2016 - 13:04   Last updated 01/28/2016 - 13:02   No. Content 1905