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Two international companies visit the Association of Private Banks to classify the Iraqi banking sector

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Economy News Baghdad:

The Global Credit Rating Agency (KFT) and the Islamic Classification Agency (ISNA) have established two workshops for commercial and Islamic banks in cooperation with the Union of Arab Banks and the Central Bank of Iraq.

The Association of Iraqi private banks in a press statement received by "Economy News", "The distinguished relations between the Association of private banks and international banking organizations and companies contributed to the development of the Iraqi banking sector through courses and workshops and exchange of experiences between the parties," noting that " Iraq, in collaboration with the Global Credit Rating Agency, and two workshops on the assessment of banks and compliance with international standards.

She pointed out that "37 people working in Islamic and commercial banks participated in the workshops," noting that "the banking sector looks forward to further cooperation with international banks in order to develop relations with correspondent banks."

On the other hand, the President of the Association of Iraqi private banks, Wadih al-Hanal in his speech during the opening of the training workshops, "The Association of private banks seeking to strengthen the relations of Iraqi banks with international and Arab banks, which will reflect positively on the Iraqi economy," adding that "Iraqi banks committed By international standards ".

He pointed out that "Iraq is witnessing during the current stage a great openness by Arab banks and there is a desire to open branches of Gulf banks inside Iraq," explaining that "Iraqi banks will hold a conference with the European Union in the French capital during the coming period."

He pointed out that "the trust between the banks and the Central Bank of Iraq played an important role in the development of banks, which will be reflected positively."

Meanwhile, the representative of the Union of Arab Banks, Raja Kamouni, said during her speech at the opening of the two workshops that "the Union of Arab Banks has worked in association with the Association of Private Banks and the Central Bank of Iraq with international rating agencies that help the Iraqi banking sector to classify by removing many of the obstacles facing it" , Pointing out that "the European intelligence agency is concerned with sovereign classification and classification of financial markets and Iraq needs its services to facilitate the work of the banking sector."

She explained that "the workshops organized by the Association of Private Banks aim to explain the importance of classification of financial institutions and identify the strengths and weaknesses to work on them," adding that "the current trend with the Association of private banks and the Central Bank to conduct training in three phases in the area of financial classification."

"Classification is a tool for the development of the financial sector and the 56 member states of the Islamic Organization. Only seven countries are classified as Malaysia, Indonesia, Bangladesh, Pakistan, Turkey, Iran and Saudi Arabia," said the head of strategic auditing at CAPT. Promoting Sukuk, supporting small and medium-sized enterprises and identifying the outlook for the banking sector. "


Views 67   Date Added 18/04/2018

 
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Two international institutions hold two workshops in Baghdad to classify the Iraqi banking sector

12:45 - 18/04/2018
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30729107_1736015709811145_66317774660944

Information / Baghdad ..                                                 

The Global Credit Rating Agency (KFT) and the Islamic Classification Agency (ISNA) have established two workshops for commercial and Islamic banks in cooperation with the Union of Arab Banks and the Central Bank of Iraq.

The Association of Iraqi Private Banks said in a statement received from the bank that "the distinguished relations between the Association of Private Banks and international banking organizations and companies contributed to the development of the Iraqi banking sector through courses and workshops and exchange of experiences between the parties," noting that " The Iraqi private company has established in cooperation with the Global Credit Rating Agency, Capital Intelligence and two workshops on the assessment of banks and compliance with international standards.

She pointed out that "37 people working in Islamic and commercial banks participated in the workshops," noting that "the banking sector looks forward to further cooperation with international banks in order to develop relations with correspondent banks."

On the other hand, the President of the Association of Iraqi private banks, Wadih al-Hanal in his speech during the opening of the training workshops, "The Association of private banks seeking to strengthen the relations of Iraqi banks with international and Arab banks, which will reflect positively on the Iraqi economy," adding that "Iraqi banks committed By international standards ".

He pointed out that "Iraq is witnessing during the current stage a great openness by Arab banks and there is a desire to open branches of Gulf banks inside Iraq," explaining that "Iraqi banks will hold a conference with the European Union in the French capital during the coming period." Ending / 25

http://www.almaalomah.com/2018/04/18/301913/

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Two international companies hold two workshops in Baghdad

 

 Since 2018-04-18 at 13:19 (Baghdad time)

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Baghdad Mawazine News

The Global Credit Rating Agency (KFT) and the Islamic Classification Agency (ISNA) have established two workshops for commercial and Islamic banks in cooperation with the Union of Arab Banks and the Central Bank of Iraq.

"The distinguished relations between the Association of Private Banks and international banking organizations and companies have contributed to the development of the Iraqi banking sector through courses, workshops and exchange of experiences between the parties," the Association of Iraqi Private Banks said in a statement received by Mawazine News.

"In collaboration with the Global Credit Rating Agency, Global Intelligence has conducted two workshops on banking assessment and compliance with international standards," the association said.

She pointed out that "37 people working in Islamic and commercial banks participated in the workshops," noting that "the banking sector looks forward to further cooperation with international banks in order to develop relations with correspondent banks."

On the other hand, the President of the Association of Iraqi private banks, Wadih al-Hanal in his speech during the opening of the training workshops, "The Association of private banks seeking to strengthen the relations of Iraqi banks with international and Arab banks, which will reflect positively on the Iraqi economy," adding that "Iraqi banks committed By international standards ".

He pointed out that "Iraq is witnessing during the current stage a great openness by Arab banks and there is a desire to open branches of Gulf banks inside Iraq," explaining that "Iraqi banks will hold a conference with the European Union in the French capital during the coming period."

He pointed out that "the trust between the banks and the Central Bank of Iraq played an important role in the development of banks, which will reflect positively."

Meanwhile, the representative of the Union of Arab Banks, Raja Kamouni, said during her speech at the opening of the two workshops that "the Union of Arab Banks has worked in association with the Association of Private Banks and the Central Bank of Iraq with international rating agencies that help the Iraqi banking sector to classify by removing many of the obstacles facing it" , Pointing out that "the European intelligence agency is concerned with sovereign classification and classification of financial markets and Iraq needs its services to facilitate the work of the banking sector."

She explained that "the workshops organized by the Association of Private Banks aim to explain the importance of classification of financial institutions and identify the strengths and weaknesses to work on them," adding that "the current trend with the Association of private banks and the Central Bank to conduct training in three phases in the area of financial classification."

"Classification is a tool for the development of the financial sector and the 56 member states of the Islamic Organization. Only seven countries are classified as Malaysia, Indonesia, Bangladesh, Pakistan, Turkey, Iran and Saudi Arabia," said the head of strategic auditing at CAPT. Promoting Sukuk, supporting small and medium-sized enterprises and identifying the outlook for the banking sector. "

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BAGHDAD ( 

Reuters) - Global credit rating agency Kaptal Intelligence and the Islamic Classification Agency (ISRA) set up Wednesday at the headquarters of the Association of Iraqi Private Banks and two workshops for commercial and Islamic banks in cooperation with the Union of Arab Banks and the Central Bank of Iraq.

The Association of Iraqi Private Banks said in a statement received by "Al-Ghad Press" that "the distinguished relations between the Association of Private Banks and international banking organizations and companies contributed to the development of the Iraqi banking sector through sessions and workshops and exchange of experiences between the parties, indicating that the Association of Iraqi private banks established in cooperation with the Agency Global credit rating, and two workshops on banking assessment and compliance with international standards. " 

She added that "37 people working in Islamic and commercial banks participated in the workshops, pointing out that the banking sector looks forward to further cooperation with international banks in order to develop relations with correspondent banks."

In the same context, "the President of the Association of Iraqi private banks Wadih al-Hanal in his speech during the opening of the training workshops that the Association of private banks seeks to strengthen the relations of Iraqi banks with international and Arab banks, which will reflect positively on the Iraqi economy," asserting that "Iraqi banks are committed to international standards" . 

He pointed out that "Iraq is witnessing during the current stage a great openness by Arab banks and there is a desire to open branches of Gulf banks inside Iraq," explaining that "Iraqi banks will hold a conference with the European Union in the French capital during the coming period." 

He stressed that "the trust between the banks and the Central Bank of Iraq played an important role in the development of banks, which will be reflected positively."

For her part, said the representative of the Union of Arab banks Raja Kamony during her speech at the opening of the workshops that "the Union of Arab banks worked with the Association of private banks and the Central Bank of Iraq with international rating agencies that help the Iraqi banking sector to classify by removing many of the obstacles facing it, The European Intelligence Agency on sovereign classification and classification of financial markets and Iraq needs its services to facilitate the work of the banking sector. 

She added that "the workshops organized by the Association of Private Banks to explain the importance of classification of financial institutions and identify the strengths and weaknesses to work on them," noting that "the current trend with the Association of private banks and the Central Bank to conduct training in three phases in the field of financial classification."

"Classification is a tool for the development of the financial sector and the 56 member countries of the Islamic Organization. Only seven countries are classified as Malaysia, Indonesia, Bangladesh, Pakistan, Turkey, Iran and Saudi Arabia," said the head of strategic audit at CAPTEL Intelligence. Small and medium-sized enterprises and identify the outlook for the banking sector. "
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"Iraq is witnessing during the current stage a great openness by Arab banks and there is a desire to open branches of Gulf banks inside Iraq,"

Ok! then let's open new banks with a real currency value!

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Thanks Yota, very much appreciated  :twothumbs:

 

“in collaboration with the Global Credit Rating Agency, and two workshops on the assessment of banks and compliance with international standards.”

This phrase about sums it up DV, we are heading in the right direction  :goodnews:

 

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I’m kinda feeling a might giddy with all this great banking news of late - Cmon, Hit one monster of a Homer out into the parking lot ! 

 

Daddy wants his Ultralight to soar with Eagles 🦅 cuz he’s been walking with Turkeys 🦃 for far too long.  :bagofmoney:

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1 hour ago, 10 YEARS LATER said:

I’m kinda feeling a might giddy with all this great banking news of late - Cmon, Hit one monster of a Homer out into the parking lot ! 

 

Daddy wants his Ultralight to soar with Eagles 🦅 cuz he’s been walking with Turkeys 🦃 for far too long.  :bagofmoney:

10YL, I was wondering  if you know of a list of things that have to be accomplished? These guys will always find an excuse not to go international,. 

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4 hours ago, ChuckFinley said:

10YL, I was wondering  if you know of a list of things that have to be accomplished? These guys will always find an excuse not to go international,. 

 

I began a list some time ago, but really became  uncertain about what was actually legit and what was Bogus-seeing as how these fools can talk out of both sides of their mouth 👄 and outta their Butts at the same time - in short, I threw my hands up in disgust and ceased driving myself insane. Lithium running low :D at the time. 

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This is news of a good nature .. shame we have to rely on the Parliament having a that elusive quorum to vote on the HCL... Just thinking aloud..

Edited by NoviceInvestor
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