Finance parliamentary proposes the establishment of an insurance company to protect bank deposits
Finance parliamentary proposes the establishment of an insurance company to protect bank deposits
09-06-2013 10:28 AM
Baghdad (news) .. suggested the Finance Committee parliamentary elections, the establishment of an insurance company kept deposits in the public and private banks in order to reassure citizens wishing to bid farewell to their money in banks. said a member of the Finance Committee Haitham Jubouri (of the Agency news): You must create a modern and sophisticated uses to ensure bank deposits therefore proposed the Finance Committee to establish a private company contribution of capital significantly. explained: that the function of the company is to guarantee bank deposits in the event of bankruptcy of the bank or for misappropriation of what, where there would be money available to those deposits. continued: that the establishment of such a company does not have stranger to the presence of companies operating on securing loans from private banks as is the case with bank guarantees that protect bank loans. said: that this company can protect the private banking sector public and also protects the trader with those banks from any negatives may occur in the future. noteworthy that Association of private banks confirmed that the proportion of deposits with banks, ranging from 65 to 68 trillion dinars, of which not to exceed 22 trillion Iraqi dinars deposits of private banks, and consists of the banking system in Iraq from forty-three banks as well as the Central Bank and distributed by ownership between (7) state banks and (30) Al Ahli Bank, including (7) Islamic banks in addition to (6) of foreign banks. / End / 3. d. o /
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