Banker: failure of banks due to the lack of understanding and joint coordination between the central bank and private banks
Banker: failure of banks due to the lack of understanding and joint coordination between the central bank and private banks
09-05-2013 11:08 AM
Baghdad (news) .. Refer banking expert on behalf of Jamil, the reasons for failure of the banking sector to the lack of understanding and joint cooperation between the central bank and private banks, in terms of providing logistical assistance and technical them. said Jamil (of the Agency news): there is no understanding and joint coordination between the central bank and private banks regarding the evolution of the banking system and to identify the most important constraints banking to find the necessary solutions to them. added: This spacing between the Central Bank and local banks have made a big gap in their work, which rendered control and government control over the work of private banks and trading operations of financial and banking sectors. mentions that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by ownership between (7) state banks and (30) Bank Ahli including (7) Islamic banks in addition to (6) of foreign banks. Though the Investment Law No. 13 of 2006 has excluded investment in the banking sector of its provisions, but that investment in the banking sector takes its legal framework on the basis of legal central bank No. 56 of 2004, banks No. 94 of 2004, and has a minimum to establish a bank in Iraq 100 billion Iraqi dinars (ie, up to $ 85 million (. / End 8 /.. /
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