Same people are always working and this same woman is always waiting :)2010-08-15
Senior Economist: Banks Iraqi civil expand their capital and not a shame to merge with each other
بغداد ( إيبا ).. BAGHDAD (Iba) ..
Interested in economic affairs confirms that Iraqi banks before Iraq has the opportunity to contribute to the growth in the investment sector more effectively than it is now.
Economists point out that the Iraqi banks need to raise their capital either through IPO or merger to attract foreign investors and capital.
And stresses the economic expert, peace Sumaisem in contact with the agency, the independent press (Iba) need to head of private banks to expand their capital and liquidity necessary to work in the field of investment, especially that Iraq was on the verge of economic expansion, a large investment banks to expand business.
It notes the economists to Iraq to work on to attract substantial investments needed to rehabilitate the banking sector which is dominated by seven state-owned banks and about 36 of the small private banks that do not have a major interest to the economy as a whole.
The Sumaisem that private banks facing criticism that it works as shops banking, but please be greater than that as it can not attract investors without a developed banking sector financially and technically what it takes to perform the role required in the reconstruction process, indicating the need to expand liquidity and the provision of staff and the use of automation.
So far, only a few banks provide all the services and some emphasize the retail banking and deposits or will not serve only Pmalkin associated companies of the same family.
Sumaisem show that in front of private banks the option of increasing capital or the trend towards integration, stressing that this matter is not defective but is present even in large companies intercontinental missiles.
The central bank had asked the private banks that do not usually have much access to the outside world to increase its capital to 250 billion dinars (214 million dollars) by 2013 to find banks more competitive.
She Sumaisem also possible to offer additional shares of banks to subscription and to allow for the participation of foreign shareholders which, afterthought that the matter needs to be confident that we can gain the confidence of foreign and Iraqi capital outside the country to contribute to the growth of the banking sector.
She noted that foreign investors started to buy shares in banks in Iraq in anticipation of the merger noting that the National Bank of Bahrain raised its stake in TBI to 49 percent last June.
They believed that the good reputation of the Iraqi banks with long experience will make Batuge so many people to invest their money, as one of the most successful and fastest investment operations.
And stressed the need to strengthen the confidence with larger investors and traders, especially after the problems faced by the two banks recently due to their inability to pay their obligations with the Central Bank.
Indicates senior adviser to the Iraqi Central Bank Qasim harmful to the existing loans for a total of 43 banks amounting to 6.8 trillion dinars (5.8 billion dollars) came two-thirds of the state banks.
And shows that this small amount when compared to Jordan with a total loan 20 billion dollars in June, while total bank loans in Saudi Arabia, the largest Arab economy 250 billion dollars in June as well.
The total capital of Credit Bank of Iraq one of the banks own large 100 million dollars, while its assets amounted to 311 million dollars in 2009.
The data bank and the Stock Exchange that the paid up capital of National Bank of Kuwait, who owns Credit Bank of Iraq of 1.1 billion dollars, while assets worth 45 billion dollars.
Iraqis prefer to deal with the government-owned banks, which they knew for a long time while new private banks reluctant to lend in the absence of an effective judicial system is capable of settling disputes. لكن المصرفيين يأملون أن يتغير هذا بمرور الوقت.(النهاية)/ز/.. But bankers hope that this will change over time.
بغداد ( إيبا ).. BAGHDAD (Iba) ..
Interested in economic affairs confirms that Iraqi banks before Iraq has the opportunity to contribute to the growth in the investment sector more effectively than it is now.
Economists point out that the Iraqi banks need to raise their capital either through IPO or merger to attract foreign investors and capital.
And stresses the economic expert, peace Sumaisem in contact with the agency, the independent press (Iba) need to head of private banks to expand their capital and liquidity necessary to work in the field of investment, especially that Iraq was on the verge of economic expansion, a large investment banks to expand business.
It notes the economists to Iraq to work on to attract substantial investments needed to rehabilitate the banking sector which is dominated by seven state-owned banks and about 36 of the small private banks that do not have a major interest to the economy as a whole.
The Sumaisem that private banks facing criticism that it works as shops banking, but please be greater than that as it can not attract investors without a developed banking sector financially and technically what it takes to perform the role required in the reconstruction process, indicating the need to expand liquidity and the provision of staff and the use of automation.
So far, only a few banks provide all the services and some emphasize the retail banking and deposits or will not serve only Pmalkin associated companies of the same family.
Sumaisem show that in front of private banks the option of increasing capital or the trend towards integration, stressing that this matter is not defective but is present even in large companies intercontinental missiles.
The central bank had asked the private banks that do not usually have much access to the outside world to increase its capital to 250 billion dinars (214 million dollars) by 2013 to find banks more competitive.
She Sumaisem also possible to offer additional shares of banks to subscription and to allow for the participation of foreign shareholders which, afterthought that the matter needs to be confident that we can gain the confidence of foreign and Iraqi capital outside the country to contribute to the growth of the banking sector.
She noted that foreign investors started to buy shares in banks in Iraq in anticipation of the merger noting that the National Bank of Bahrain raised its stake in TBI to 49 percent last June.
They believed that the good reputation of the Iraqi banks with long experience will make Batuge so many people to invest their money, as one of the most successful and fastest investment operations.
And stressed the need to strengthen the confidence with larger investors and traders, especially after the problems faced by the two banks recently due to their inability to pay their obligations with the Central Bank.
Indicates senior adviser to the Iraqi Central Bank Qasim harmful to the existing loans for a total of 43 banks amounting to 6.8 trillion dinars (5.8 billion dollars) came two-thirds of the state banks.
And shows that this small amount when compared to Jordan with a total loan 20 billion dollars in June, while total bank loans in Saudi Arabia, the largest Arab economy 250 billion dollars in June as well.
The total capital of Credit Bank of Iraq one of the banks own large 100 million dollars, while its assets amounted to 311 million dollars in 2009.
The data bank and the Stock Exchange that the paid up capital of National Bank of Kuwait, who owns Credit Bank of Iraq of 1.1 billion dollars, while assets worth 45 billion dollars.
Iraqis prefer to deal with the government-owned banks, which they knew for a long time while new private banks reluctant to lend in the absence of an effective judicial system is capable of settling disputes. لكن المصرفيين يأملون أن يتغير هذا بمرور الوقت.(النهاية)/ز/.. But bankers hope that this will change over time.
