Bank restructuring and good with four axes. The banking sector will support
Bank restructuring and good with four axes. The banking sector will support
4/20/13
Baghdad (newsletter).Member of the Finance Committee, said MP//abdolhossein Al-yasiri, the Rafidain Bank restructuring plan and rational by International Monetary Fund includes four main paragraphs will help to support and develop the country’s banking sector.
He said Al-yasiri (News Agency): the restructuring plan of Government banks and put in good (2007), which formed a Committee headed by the Governor of the Central Bank and Finance Minister and head of the Office of financial supervision, in cooperation with the International Monetary Fund.
He added: the committees began their work but did not yield positive results and the task on time, but then formed a Committee of general managers in banks and representatives of the Central Bank and the International Monetary Fund began their movement in earnest for the support and development of the banking sector in the country.
The plan includes four axes including operational restructuring of banks and strategic restructuring and revaluation of assets of cash to banks, as well as to the accounts of the banks and audited by the external auditor.
He noted that State banks lacking modern technology even though some act as smart card and other but requires more techniques to keep pace with the evolution of global banks/finished/8 l. Eng
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