ELIGIBILITY BANKS REFUSE TO OPEN SAVINGS ACCOUNTS

ELIGIBILITY BANKS REFUSE TO OPEN SAVINGS ACCOUNTS      

2016/11/01 

Refuses to community banks departments, open a savings for citizens accounts, advising them of the establishment of current accounts, which do not bear them any rates of interest to depositors who complain that many of them deposit and withdrawal procedures, what drives most of the money owners to keep their money in their homes, because of the lack of confidence in those banks , which is stalling the implementation of its obligations with depositors

Bankers accusing the central bank management to "weaknesses in control and deposits of private banks", adding it was "neglected scrutiny monthly indicators relating to those banks."

The Governor of the Central Bank on the Keywords revealed earlier, that 77% of the Iraqi currency traded in the market "chunky in the homes," noting that the bank "will put the plan to attract these funds to invest."

Keywords and added that "if the banks have done to provide services to customers in order to attract this money saved, it will contribute to move the Iraqi economy," noting that "the central bank has a plan in order to attract these funds for the purpose of investment and moving the wheel of the Iraqi economy."

Many complain of unbanked difficulty of deposit and withdrawal procedures, what drives a lot of people to keep their money in their homes.   For his part, President of the private banks association previously, banking expert Abdul Aziz Hassoun, said, mismanagement in those banks, which its owner weakness of the central bank supervision on them, he said, adding to the lack of confidence on the part of the citizen, accused of "central management not to check the monthly indicators that link to it from those banks. "