Central Bank Governor: work the private banking sector has so far not lived up to the required level
Central Bank Governor: work the private banking sector has so far not lived up to the required level
4-28-14
Tomorrow’s Press / BAGHDAD: The governor of the Central Bank and the Agency Abdul Basit Turki Saeed, on Sunday that the private banking sector in Iraq was growing little over the past decade. said Turkish for “tomorrow’s Press,” “The private banks in Iraq did not work as a sector integrated During the past 10 years, but I just tried to take advantage of the opportunities of the Iraqi Central Bank in its daily auction, “noting that” the work of the banking system in a simplified lies role in the receipt of individual savings and secured to the investor Mini (credit + loans) in addition to the role of the ordinary for the banks to provide the necessary funds Investments. ” and added that “some of these banks rely way as dependent most of the banks as among its profits Mnamilit buy foreign currency at the central bank auction day, with dependent other banks my game so-called letters of guarantee to increase its capital.” and pointed out that ” Central Bank since 2013 and has tried to reduce this effect, and the adoption of recommendations to support the role of the president of the private banks on credit and loans to the private banking sector to move forward. ”
alghadpress.com
