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Central Iraqi calls for the role of banks, to do


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Source: Dar Al Hayat - 20/01/2011

Central Iraqi calls for the role of banks, to do

Called on the Iraqi Central Bank Consultant appearance of Mohammed Saleh to provide more support to the Association of Iraqi private banks, in order to provide the requirements of having to play a role in the banking market do in Iraq.

He said in a statement to «life», the urgent need to turn the Association of Iraqi private banks with the new phase that passes by the Iraqi economy, the banking sector, which constitutes the basic funding base.

He noted that the benefit to the chairmen and members of the Iraqi private banks of 35 banks that play a role at the head of the regulatory body of the Association, in the

He noted that the «Central» make the necessary arrangements to help the Association to the transition to a banking institution actors, reinforced by new rules and regulations and legislation that take into account the importance of its role in enhancing the banking market with advice and training opportunities, and concern to address gaps facing the sector today.

He pointed out that everyone is looking forward to be of the association more space to express an opinion and decision in the banking sector, and have a representative background in the areas of negotiating the future, especially that the proposed increases to the capital of private banks to 250 billion Iraqi Dinars for each bank by the end of next year , imposed on the Association and new duties that could play a role in which more Tothira in the banking arena of Iraq, and benefit from the experience of «Union of Arab Banks» in Lebanon in the policy-making is required.

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