22/06/2011
Specialists: a partnership of private banks that can produce strong financial actors
بغداد- الصباح BAGHDAD - morning
Returned to mind these days, the idea of merging banks are not able to raise their capital to the levels established by the Central Bank of Iraq to advance its performance and expand its banking services ..
The economic-Sabah called for during the month of March last in a column have the need to adopt brokerage firms to placed mergers between banks to reach to common convictions about this matter. has accepted this invitation association of private banks which in turn circulated it to other banks, the book had an opinion supportive of the merger, but the authors insisted on the need to expand the banking services with the support of the Central A report carried by the agency by news that the experts economy, agreed that the Iraqi banks still suffer from poor services, so they suggested the need to merge or to enter a foreign partner to provide supported with government support and encouragement ..
Which indicates economic expert Amer Jeweler to the importance of the activation code which will allow banks to domestic banks and government to be involved in the investment process, and be prepared to give long term loans had to be invested.
The jeweler said: "The private banks are giving loans with short-term, high interest rate makes it late for the rest of the countries."
Jeweler and see that this subject has effects on the economy because it will reduce the chances of investors and their willingness to lend, calling on these banks Alyalasraa amend its mechanism and to have its own rules and have a investor, whether Iraqi or foreign.
He Jeweler regardless of the obstacles faced by banks with few services, but it still enjoys great confidence of the citizens and this What we're saying today increase the amount of the deposit.
The director of the Association of private banks Abdul Aziz Hassoun that "Banking needs to culture and the creation of a bank because the dealers are still in Iraq do not trust overlapping lines between banks."
He pointed out that "private banks seeking to use modern systems that facilitate the trading process and handle internal and external in Iraq with the use of systems that verify the link between bank branches and their status and that through which to look at all transactions in its branches and this Mayazz control because they will be involved in a single system.
In turn, noted economic expert, Dr. Peace Sumaisem that "the Iraqi banks require two basic steps to get to the road to success, either to merge with each other, either to find a strong partner from abroad to support and assist them, in addition to supporting the state have to bring them up to the required level. "
She Sumaisem: "The private banks proliferated and expanded year after (1992), but it was surrounded by and linked to the laws and state policy," indicating that the policy of banks, credit, monetary and borrowing had been subordinated to their systems, so note that it did not take the role of the real."
She Sumaisem: "The lack of state support to the banks of the credits and rates of interest, making them able to deal with the openness and expansion that took place recently, but it sometimes was instruct ministries not to deal with private banks and this is something serious and strike large, at a time which calls for the central bank to increase capital and expand their bases. "
The economic expert called the state to give confidence to these banks to take a real role, although the citizen has begun to realize the importance of the services provided by private banks, which are characterized by the government, which is still primitive and poor and bureaucratic.
http://translate.googleusercontent.com/translate_c?hl=en&prev=/search%3Fq%3Dwww.alsabaah.com%26hl%3Den%26client%3Dmozilla%26rls%3Dorg.mozilla:en-US:unofficial&rurl=translate.google.com&sl=ar&twu=1&u=http://www.alsabaah.com/ArticleShow.aspx%3FID%3D9716&usg=ALkJrhhD1_Xrt35Ke1GH0pX2Hm6d5C2Uzg
