The integration of small banks with large management will help to build strong banking
The central bank adviser: the integration of small banks with large management will help to build strong banking
On: Tuesday 07/17/2012 13:42
Baghdad (news) .. Confirmed the central bank adviser appearance of Mohammed Saleh, that the idea of integration of weak banks and small is a good idea and helps to build banking entity with management strong banking.
Saleh said (of the Agency news) on Tuesday: The Banking Law No. (94) for the year (2004) does not force banks weak integration but provides tips to convince weak banks to merge with private banks, especially the fact that the government banks large and government support. He added that the creation of mergers banking between two banks weak leads to the power of banks, but this case is the exception rather than general, and under the terms of the data given, indicating the following: in exceptional cases, the weak banks to merge in order to ensure the continuation of its banking system without a loss. and between the central bank adviser: the merger of banks is of great importance in the assembly of force organization with a professional based governance, high management that serves the financial stability running under a competitive market and provide more services to citizens. He continued by saying: that the merger would lead banks to increase capital management and gives a common balance between the owners as well as to reduce the banking problems faced by all private banks. Finished / 21. a. p /