Alnasiri calls for banks to support and implement a comprehensive systematic reform

[yota691]

Discuss building a solid banking system challenges

 

 

23/11/2016 0:00   BAGHDAD / morning   regulated in Beirut today Forum Iraqi banking sector , local presence and regional broad and deals with the banking business experiences in Iraq and the work of the central bank in both Iraq and Lebanon in the presence of Governor of the Central Bank of Iraq general secretary of the Union of Arab Banks and the head of the Iraqi private banks association and the collection of money experts and economists in Iraq and the balance of sharing different countries of the world.    Executive Director of the Association of Iraqi private banks Ali Tariq said that the forum is an opportunity to connect with the regional and international environment, with the participation of experts on a high level of banking experience and their work experiences in various countries around the world, and this is beneficial to the Iraqi banking sector, especially as the public and private banks and the Central Bank of respondents placed this.  this forum is organized on a regular basis in order to consolidate the bridges of cooperation with regional and international banks and stand at the latest developments in the global development banks.  The international financial expert d. Sadiq al - Shammari pointed out that the forum deals with the banking reality and the experience of the central bank in both Iraq and Lebanon and the reasons for the weakness of Iraqi confidence in banks and the experience of Lebanese banks in Iraq, as well as the evolution of the banking industry in Iraq and the Arab region and the alternatives. In turn , an economist Samir Nasiri said he focused during the forum to reconsider amending banking legislation in Iraq, which regulates the banking work for the advancement of reality banking and in particular the Central Bank Law No. (56) of 2004 and the Banking Law No. (94) for the year 2004 and the law of registration of companies No. 21 of 1997 and the law of Iraq Stock Exchange No. 74 of 2004 , and the activation of money laundering and investment law the new law.  as we stand when addressing the technology gap and provide legal and technical requirements for twinning widespread among government banks and private banks on the one hand and between the international banks on the other hand , in order to develop a system payments and banking modernization and regulation of the financial and monetary trading processes according to the latest applied modern electronic banking systems in the world.

 

[yota691]

Beirut International Arab Conference 2016 .. lobby for better cooperation banker

 

 

It began in Beirut this morning acts of the Iraqi banking sector forum titled / restore confidence and avoid withholding money from banks In the presence of Central Bank Governor Dr. Ali Keywords and general secretary of the Union of Arab Banks and Sam Fattouh and head of the Iraqi private banks association Wadih Handal and Vice Chairman of the Central Bank of Lebanon and a number of Iraqi leaders Banking. He gave Governor of the Central Bank of Iraq, the word at the beginning of the forum reviewed the bank's activities in promoting the work of the Iraqi private banks, which has seen a significant expansion as more units than the 30 private banks as well as 15 branches of Arab and foreign banks, while State-owned banks remained unchanged without expansion, noting that this expansion needs a lot of care and attention by the central bank, especially Maitalq Pthchinha in the face of problems. Keywords and praised the role of the Central Bank of Iraq in the face of the financial crisis in Iraq and the treatment of farmers and contractors dues Keywords praised the efforts of the Secretary General of the Union of Arab Banks, pointing out that the presence of the Lebanese banks in Iraq was largely the focus of our respect and appreciation, because the Lebanese banking sector has a long history and has faced big problems was able to overcome. The value of this banking Elhoudoralbannana that preceded the other countries were not present in the framework of the business, but only in the convergence of social Thafik myself between the two countries.   Turning the governor of the Iraqi Central Bank to the Bank's role in the achievement of price stability and the reduction of inflation and achieve the highest degree of financial stability as well as its role in the face of the financial crisis and the requirements of the war with the terrorist organization Daesh. He also praised the role of the Central Bank in lending to small and medium enterprises to achieve socio-economic growth, declaring that he is now considering expanding this initiative which he described the job.  And Acharmahafez to open the door of the government to deal with private banks through the decision to allow private banks to distribute salaries for civil servants  Turning to the Lebanese banks with the problem of the Kurdistan region, noting the central bank to Ptousel initiative with the province to pay cash dues that are paid instruments later. The Governor emphasized that Iraq fighting a last stage of the confrontation with terrorism expected to witness the next phase of stable growth and recovery and economically significant in the whole of Iraq   For his part, reviewed the secretary general of the Union of Arab Banks and Sam Fattouh in a speech early days Forum Union's role in supporting the banking sector in the Arab countries through the exchange of information and experience particularly in the field of banking work to restore confidence and the development of the banking industry.  He stressed that Iraq is a rich country and there are rewards in large ambitions, calling for Iraqis to strengthen efforts to achieve sustainable development.  He praised the efforts of the Iraqi private banks association and its president, Wadih Handal, stressing that the Union of Arab Banks is seeking to strengthen its role in Iraq because we are dealing with Arabs and Arab country. This examines the forum which will be held on the sidelines of the annual Arab banking conference for the 2016 session 21 reasons for a lack of confidence of the Iraqi banks and the experience of Lebanese banks in Iraq and the evolution of the banking industry in Iraq and the Arab region and the alternatives.
Views 2   Date Added 11/23/2016 - 12:40   Last updated 11/23/2016 - 11:41   No. Content 5905

[yota691]

Banking conference to discuss building a solid business system challenges

34 ShowLast update: Wednesday, November 23, 2016 - 10:47

 

 

Organized in Beirut today Forum Iraqi banking sector, local presence and regional broad and deals with the banking business experiences in Iraq and the work of the central bank in both Iraq and Lebanon in the presence of Governor of the Central Bank of Iraq general secretary of the Union of Arab Banks and the head of the Iraqi private banks association and the collection of money experts and economists in Iraq and the balance of sharing different countries the world. Executive Director of the Association of Iraqi private banks Ali Tariq said that the forum is an opportunity to connect with the regional and international environment, with the participation of experts on a high level of banking experience and their work experiences in various countries around the world, and this is beneficial to the Iraqi banking sector, especially as the public and private banks Central Bank of the participants in this placed. This forum is organized on a regular basis in order to consolidate the bridges of cooperation with regional and international banks and stand at the latest developments in the global development banks. The international financial expert d. Sadiq al-Shammari pointed out that the forum deals with the banking reality and the experience of the central bank in both Iraq and Lebanon and the reasons for the weakness of Iraqi confidence in banks and the experience of Lebanese banks in Iraq, as well as the evolution of the banking industry in Iraq and the Arab region and the alternatives. In turn, an economist Samir Nasiri said he focused during the forum to reconsider amending banking legislation in Iraq, which regulates the banking work for the advancement of reality banking and in particular the Central Bank Law No. (56) of 2004 and the Banking Law No. (94) for the year 2004 and the law of registration of companies No. 21 of 1997 and the law of Iraq Stock Exchange No. 74 of 2004, and the activation of money laundering and the law of the new investment law. As we stand when addressing the technical gap and secure the legal and technical requirements for twinning widespread among government banks and private banks on the one hand and between the international banks on the other hand the aim of developing the payments system and banking modernization and regulation of the financial and monetary trading processes according to the latest applied modern electronic banking systems in the world.

[sandfly]

Thanks 

[yota691]

The General Assembly of the Union of Arab Banks will hold its regular meeting

 

 

Economy News / Beirut special ..     The General Assembly of the Union of Arab Banks held its regular meeting today and Azarethma the Carthage Hall Hotel in Venice investors the opportunity of the Arab banking Almertmr which kicks off its tomorrow morning And trading participants through the last-minute financial and banking developments audit at the level of member states of the Union, including Alaracmn  The meeting which was attended by President of the Association meek Handal and the number of participants in the Iraqi banking forum, which concluded this afternoon also dealt with  Arab Banking relations and global banking institutions  This Scark everyone tomorrow in the activities Conference (OIC) tomorrow morning
Views 74   Date Added 23/11/2016 - 21:43   Last updated 11/24/2016 - 11:56   No. Content 5912

[yota691]

Forum Iraqi banking sector (to restore confidence and prevent money from banks withheld)

 

 

Economy News / Beirut special ..   It began this morning in Beirut businessman Forum Iraqi banking sector entitled / restore confidence and avoid withholding money from banks / In the presence of Central Bank Governor Dr. Ali Keywords and general secretary of the Union of Arab Banks and Sam Fattouh and head of the Iraqi private banks association Wadih Handal and vice president of the Bank of Lebanon and a number of Iraqi leaders Banking He gave Governor of the Central Bank of Iraq, the word at the beginning of the forum reviewed the bank's activities in promoting the work of the Iraqi private banks, which has seen a significant expansion as more units than the 30 private banks as well as 15 branches of Arab and foreign banks, while State-owned banks remained unchanged without expansion. Noting that this expansion requires a lot of care and attention by the central bank, especially Maitalq Pthchinha in the face of problems  Keywords and pointed to the role of the Central Bank of Iraq in the face of the financial crisis in Iraq and the treatment of farmers and contractors dues. Keywords praised the efforts of the Secretary General of the Union of Arab Banks, pointing out that the presence of the Lebanese banks in Iraq was largely the focus of our respect and appreciation, because the Lebanese banking sector has a long history and has faced big problems was able to overcome. "I appreciate this banking Elhoudoralbannana who previously Alakharyolm countries not present in the framework of the business, but only in Thafik psychological and social rapprochement between the two countries."  Turning the governor of the Iraqi Central Bank to the Bank's role in the achievement of price stability and the reduction of inflation and achieve the highest degree of financial stability as well as its role in the face of the financial crisis and the requirements of the war with the terrorist organization Daesh. He also praised the role of the Central Bank in lending to small and medium enterprises to achieve socio-economic growth, declaring that he is now considering expanding this initiative, which he described do the job  The governor pointed to the open door of the government to deal with private banks through the decision to allow private banks to distribute the salaries of government employees. Turning to the Lebanese banks with the problem of the Kurdistan region, noting the central bank to Ptousel initiative with the province for the payment of financial dues monetary instruments that are paid later.  The Governor emphasized that Iraq fighting a last stage of the confrontation with terrorism expected to witness the next phase stable and the recovery and growth of economically significant in the whole of Iraq.  He called on the governor of the Central Bank of private banks to promote their products and services offered to customers in order to attract customers and give them more confidence.   For his part, reviewed the secretary general of the Union of Arab Banks and Sam Fattouh in a speech at the beginning of the forum the Union's role in supporting the banking sector in the Arab countries through the exchange of information and experience particularly in the field of restoring trust banking work and the development of the banking industry. He stressed that Iraq is a rich country and there are rewards in large ambitions, calling for Iraqis to strengthen efforts to achieve sustainable development. He praised the efforts of the Iraqi private banks association and its president, Wadih Handal, stressing that the Union of Arab Banks is seeking to strengthen its role in Iraq because we are dealing with Arabs and Arab country. This examines the forum which will be held on the sidelines of the annual Arab banking conference for the 2016 cycle 21 causes a lack of confidence of the Iraqi banks and the experience of Lebanese banks in Iraq and the evolution of the banking industry in Iraq and the Arab region and the alternatives He spoke during the forum, Dr. Sadeq al-Shammari banking and financial expert in Islamic banking reviewing the beginnings of banks in Iraq since the founding of the Central Bank of Iraq in 1947, pointing out that Iraq first country in the region have witnessed in the banking sector and widespread in this area. Lebanese banks have also reviewed the experience in Iraq, particularly in the Kurdistan region of Iraq, pointing out that the fiscal policy in Iraq is advanced on monetary policy. He noted the experience of the Islamic private banks in Iraq by 19 Islamic banks are now in Iraq and stressed the importance of interpretation of Islamic banks instructions.  He praised the initiative of the Iraqi Central Bank to allocate $ 6 billion for the advancement of sectors  Agricultural and industrial pointing to the existence of problems in the issue of guarantees and mortgages.  And he stopped on the deposits in the system of government and private banks and credit extended and total assets in banks is a high Mainvi lack of confidence in Iraqi banks, calling on the central bank to follow a policy of mergers between banks instead of the policy of liquidation. He pointed out the role of the central bank through a window Currency, calling for diversification of banking services, not restricted to auction currency, stressing the importance of the role of Islamic banks in Iraq and that 19 banks offer different products to customers numbered.   It decisions Forum held second session this afternoon Atges during which the head of the Iraqi private banks association Wadih Handal and a number of executive officials in the Iraqi and Lebanese banks. The head of the Iraqi private banks association Wadih Handal to create awareness of banking in Iraq and achieve financial inclusion horizontally through the delivery of banking products and services to all cities and towns. Turning Handal during the Second Session of the Forum held in the Iraqi banking sector in Beirut today to the positive relationship between the Association and the Union of Arab Banks stressing the need to invest a memorandum of understanding between the two sides in the issue of banking compliance and transfer of successful experiences of banks to Iraq are particular Lebanese. Handal called for the expansion of government deposits in the Iraqi private banks, noting in particular the settlement of salaries of employees in these banks, noting that state revenue is still exclusively on government banks, pointing to the existence of initiatives in this area bode well.  He said the allocation of $ 6 billion initiative  To support the agricultural and industrial sectors, stressing the importance of providing uncertain repayment of loan guarantees through the localization of employees' salaries in the private banks. Turning to the issue of the launch of deposits of citizens in banks   Special Kurdistan Region of Iraq, stressing the need to pay special attention to this issue to shore up confidence in the banking sector  She spoke during the meeting, Director General of the President of the Board of Directors of the Rafidain Bank, d. Asadi mandated by the experience of the bank since its inception until now uncertain depositors need to strengthen the Iraqi banks in general confidence and take advantage of the experiences of banks to Arab and foreign countries.  For his part, the Iraqi banking expert Samir Abbas Nasiri talked about Iraq's dependence on oil, which is almost entirely around the country to yield neglected other development sectors of its economy due to a shift to a single-source economy. And accept the evolution of the Iraqi banking sector in the areas of deposits, capital and credit growth, monetary banking. He pointed out the reasons for failure of some of the private banks and the efforts of the Iraqi Central Bank to overcome the obstacles they face and Astavadajraouat filtering them through the adoption of the policy of integration rather than liquidation.    He noted that the Iraqi Central Bank and the private banking sector, they were working as a team now, after they worked Kfriqin inept in the past. The expert stressed Alnasiri the need to involve the private sector in Iraq, particularly Iraqi private banks association in shaping national economic policy through the activation of Economic Reform Act which provides for the establishment of Supreme Economic Council in Iraq. At the conclusion of the meeting, secretary general of the Union of Arab Banks Antoine Hbeich adviser spoke about the importance of the independence of the private banks in shaping policies to be able to compete also stressed the importance of opening opportunities for private banks, its potential and its own bold and work in banks as customers
Views 526   Added 11/23/2016 - 16:41   Last updated 24/11/2016 - 13:11   No. Content 5911

[yota691]

Keywords: We will expand lending to projects initiative and opened the door of the distribution of salaries banks own

 

Thursday 24 November 2016 14:23

 

 

 

Alsumaria News / Baghdad , said Governor of the Central Bank on the Keywords, on Thursday, he will be expanded lending to projects initiative, and among it was opened for the distribution of salaries by the private banks, he noted that the Lebanese banking sector has a long history and has faced big problems was able to overcome.  And he said: during his attendance at the forum of the Iraqi banking sector in Beirutsaid in a statement Alsumaria News received a copy of " the Bank is currently seeking to expand lending to small and medium enterprises initiative to achieve economic and social growth," describing it as "important".         He Keywords that " the bank boosted private banks in the work of Iraq , which has seen a significant expansion in terms exceeded the 30 banks, in addition to the 15 branches of Arab and foreign banks , " noting that "State - owned banks remained unchanged without expansion."  He Keywords that "open government deal with private banks through the decision to allow private banks to distribute to government employees ' salaries, "praising" the presence of Lebanese banks in Iraq is widely considered to be the Lebanese banking sector has a long history and has faced big problems was able to overcome. "  the Iraqi banks have not kept pace with developments in the work of banks developments global, link remained between them is through the use of telephones and fax machines, and did not interfering internet only after 2004, and is seeking the Ministry of Finance to the banks associated with them to develop through the introduction of modern technologies and linking banks globally automatically, to facilitate the transfer of funds to and from Iraq.

[yota691]

Governor of the Central Bank of Iraq confirms the importance of the emergence of Arab bank lobby

 

 

Economy News .. Special / Beirut   The governor of the Iraqi Central Bank on the Keywords importance of the emergence of Arab bank lobby to meet the challenges facing the Arab banking industry in dealing with the global banking authorities and international agencies. Keywords called during his speech at the second session of the Arab Banking Conference held in Beirut today to move towards practical application for this project a gradual Altktla arguments to be more rational and capable unify positions between sectors to promote this initiative. The view that there Haifa in some international bodies dealing with the Arab banking sector because the impression is real for our region, prompting it to tread carefully especially in the area of compliance through the use of correspondent banks in the world, our banks cable and select activities in their communities. He stressed the need to have the banking sector's role in the Arab participation in such situations and decisions should take into account the situation of our countries and our cultures and traditions of our societies.
Views 46   Date Added 24/11/2016 - 15:36   Last updated 24/11/2016 - 18:33   No. Content 5922

[unirod]

16 hours ago, yota691 said:

Keywords: We will expand lending to projects initiative and opened the door of the distribution of salaries banks own

 

Thursday 24 November 2016 14:23

 

 

 

Alsumaria News / Baghdad , said Governor of the Central Bank on the Keywords, on Thursday, he will be expanded lending to projects initiative, and among it was opened for the distribution of salaries by the private banks, he noted that the Lebanese banking sector has a long history and has faced big problems was able to overcome.  And he said: during his attendance at the forum of the Iraqi banking sector in Beirutsaid in a statement Alsumaria News received a copy of " the Bank is currently seeking to expand lending to small and medium enterprises initiative to achieve economic and social growth," describing it as "important".         He Keywords that " the bank boosted private banks in the work of Iraq , which has seen a significant expansion in terms exceeded the 30 banks, in addition to the 15 branches of Arab and foreign banks , " noting that "State - owned banks remained unchanged without expansion."  He Keywords that "open government deal with private banks through the decision to allow private banks to distribute to government employees ' salaries, "praising" the presence of Lebanese banks in Iraq is widely considered to be the Lebanese banking sector has a long history and has faced big problems was able to overcome. "  the Iraqi banks have not kept pace with developments in the work of banks developments global, link remained between them is through the use of telephones and fax machines, and did not interfering internet only after 2004, and is seeking the Ministry of Finance to the banks associated with them to develop through the introduction of modern technologies and linking banks globally automatically, to facilitate the transfer of funds to and from Iraq.

Warka Bank has a Branch in Lebanon. Now wether or not it originally started in Lebanon I'm not sure.

[yota691]

 Alnasiri calls for banks to support and implement a comprehensive systematic reform

 

 

Economy News special ..       Banking Daaalkhbayr Samir Nasiri during his participation in the banking forum Iraqi Maqam in Beirut under the auspices of the Governor of the Central Bank of Iraq, which took place on Nov. 23, one day before the advance of the 2016 Annual Arab Banking Conference to support the development of the banking sector in Iraq to adopt a systematic comprehensive economic reform, said in a speech during the Forum that the Iraqi banking sector is facing several years of significant challenges beyond his control, and since it is a ring core in a series of the Iraqi economy rings and the Iraqi economy, the problems are many and complex and there is a tangle and confusion in policies and practices, mechanisms and building requirements introductions transition to a market economy, according to Maahart him article ( 25) of the constitution and the legislation, regulations, instructions, and the determinants of the central administration of the economy Moreover, not Alastaqraralaguetsada private security and circumstance that Iraq is going through during the years 2003 to the present time, which led to the creation of real obstacles to attempts to banking reform. However, the work of the Iraqi banking sector efforts of self and under the supervision of the Central Bank to carry out its functions in providing services to the public in accordance with the possibilities available administrative and banking and technically, but its contribution to development and economic limited due to face the challenges and problems and obstacles for reasons both objective and subjective, notably the drop in oil prices and the economic crisis Stranglehold exposure with Iraq and the war on terrorism and economic recession and low economic growth rate to less than  1 percent in 2015 and 2016 suggested Alnasiri systematic comprehensive economic and banking reform by adopting the structural and institutional reconstruction of the economy of the evaluation and the formation of the Supreme Council for Cun economic and involve the private sector and banking and the Association of Banks in decision-making Altguetdade, banking and reinstatement of eligibility banks evaluated and classified according to the efficiency of the performance and the support and development of the private banks and the achievement of standards financial Alastaqrarwalhmol and develop a strategy to finance small and medium enterprises and contribute to the revitalization session of the economic.
Views 33   Date Added 11/27/2016 - 11:26   Last updated 11/27/2016 - 13:39   No. Content 5941

[yota691]

27/11/2016 (00:01 pm)   -   the number of readings: 111   -   thenumber (3788)

 

 

The central bank expands lending to Small and Medium Enterprises Initiative

 Baghdad / term 
 

The governor of the central bank on the Keywords, on Saturday, it will be expanded project lending initiative, and among it was opened for the distribution of salaries by the private banks, he noted that the Lebanese banking sector has a long history and has faced big problems was able to overcome. 
Keywords and said while attending the business forum Iraqi banking sector in Beirut said in a statement received "long", a copy of which, " the Bank is currently seeking to expand lending to small and medium enterprises initiative to achieve economic and social growth," describing it as "important". 
He added Keywords that " the bank has strengthened the work of banks own in Iraq , which has seen a significant expansion in terms exceeded the 30 banks, in addition to the 15 branches of Arab and foreign banks , "noting that" state - owned banks remained unchanged without expansion. " 
he Keywords that" opened the door of the government to deal with private banks through the decision to allow banks for the distribution of government employees ' salaries, "praising" the presence of Lebanese banks in Iraq is widely considered to be the Lebanese banking sector has a long history and has faced big problems was able to overcome. "

[calkid11]

Thank you Yota