Iraq: private banks request the assistance of «Central» on the integration
Called on the private banking sector in Iraq, the Baghdad government, helping to take practical steps to help integrate the banks that have difficulties in raising capital, each up to 250 billion dinars ($ 213 million) before the end of 2012 and in accordance with the instructions of the Central Bank.
Quoted among the bank's «life» of what happened during an expanded meeting convened by the Association of Iraqi private banks in Baghdad with officials in 35 private banks have expressed the desire of their institutions in the government announced incentives for banks that are planning to integrate it, namely to allow the ministries and governmental institutions expand the circle to deal with banks merged, governmental organizations like banks.
The sources added that the integration of a number of banks has become a necessity required by the phase experienced by the sector currently, in expectation of the Executive Director of the Association Abdul Aziz Hassoun said in a statement made by the «life», to see the stage, near the steps towards the integration of many banks to become a strong banking entities, with a capital large assets and strengthen its position.
The Director General of the Department of Banking and credit of the Central Bank and Walid Idi Abdulnabi the concern of the bank to secure all the requirements of the growth of the private banks, especially those relating to the merger, calling the departments of private banks to develop a comprehensive vision for the sector, taking into account the need to establish entities compete for the Arab banks and foreign.
The search Thamer Ghadhban, President of the advisers in the Office of the Prime Minister Nuri al-Maliki, with Deputy U.S. Treasury Secretary, Neil will not, in the presence of a number of American experts and the Iraqis, in the ways of the joint technical cooperation in the field of economics, money and energy.
He angered the government seeks to enhance the contribution of private banks in the implementation of construction projects and construction, noting that the priorities of the government directed towards provision of basic services to citizens, and the development of the Iraqi economy, diversification of sources, especially non-oil sectors, through the promotion of foreign investment and the Arab and immediate community.
He angered that the government is moving forward in the process of transition towards a market economy, and the development of the agricultural sector and private sector support, and accelerate the implementation of the reform programs of public companies. He will not, and authorities are willing to U.S. banking and financial specialist to provide expertise to support banking and financial sectors of the Iraqis through training programs and capacity development and to give advice.
http://translate.googleusercontent.c...eZXoE-Ca9VpG0g