Iraqi Private Banking Association organizes a workshop «The private banking sector in the current circumstance»

by **claud39** Mon Jan 20, 2020 5:56 pm

Iraqi Private Banking Association organizes a workshop «The private banking sector in the current circumstance»

20/01/2020

Economy News _ Baghdad

Yesterday, Sunday, the Association of Iraqi Private Banks organized a specialized workshop (the private banking sector in the current circumstance) in which the colleges of administration and economics at the University of Baghdad, Al-Mustansiriya University, the University of Al-Nahrain, the Iraqi University and the Central Technical University were attended by some deans, heads of scientific departments, teaching professors and graduate students.

Representatives of the Central Bank of Iraq, government and private banks, and the Iraq Stock Exchange attended the workshop.

The workshop discussed the first two papers entitled (The Private Banking Sector .. Notes and Ideas) presented by Dr. Star Al-Bayati, Professor at Al-Nahrain University, and a paper entitled (Our Banks in the Current Situation and Requirements for the Year 2020) presented by the advisor to the Association of Iraqi Private Banking Samir Al-Nassiri, and the session was chaired by Dr. Abdul Rahman Al-Mashhadani From the Iraqi University.

The workshop included discussions and proposals to support private banks from the Central Bank and the government, and the workshop reached a number of recommendations that will be submitted to the Central Bank and the Ministry of Finance.

Samir al-Nusiri said in an interview with "Al-Iqtisad News" on the sidelines of the workshop, that one of the most important recommendations reached by the attendees is to activate the decisions of the Council of Ministers and the Committee for Economic Affairs to support private banks that were previously issued and have not yet been implemented, and activate the initiative to finance small and medium projects .

http://economy-news.net/content.php?id=18841

by **claud39** Wed Jan 22, 2020 10:05 am

[size=36][rtl]A workshop recommends lending to investment projects[/rtl][/size]

January 21, 2020

Iraqi Private Banking Association organizes a workshop «The private banking sector in the current circumstance» 980-Alsabbaq

Iraqi Private Banking Association organizes a workshop «The private banking sector in the current circumstance» 980-Alsabbaq

Baghdad / Hussein Thagab

A specialized workshop entitled (the private banking sector in the current circumstance) organized by the Association of Private Banks to activate the initiative of the Central Bank to finance small and medium projects recommended raising the ceiling for bank financing and allowing private banks to lend investment projects of all kinds and in accordance with the facilities mentioned in Cabinet Resolution 245 of 2019 Encouraging construction and investment, the second axis (facilities and lending).

The seminar was attended by colleges of administration and economics at the University of Baghdad, Al-Mustansiriya University, Al-Nahrain University, the Iraqi University and the Central Technical University in the presence of some deans, heads of scientific departments, teaching professors and graduate students, and the workshop was attended by representatives of the Central Bank and the Executive Director of the Iraq Stock Exchange and a number of authorized managers and advisers to commercial banks Islamic and branches of Arab and foreign banks operating in Baghdad.

The workshop discussed two papers; the first entitled (the private banking sector .. notes and ideas) presented by Professor Dr. Star Al-Bayati from the University of Al-Nahrain, and the second under the title (Our Banks in the Current Situation and Requirements for the Year 2020) presented by the banking advisor Samir Al-Nusairi, and the workshop was moderated by a professor Dr. Abdul-Rahman Al-Mashhadani.

Market value

The Executive Director of the Iraq Stock Exchange, Taha Ahmed Abdel Salam, said: "The market supports measuring the real value of the financial paper and comparing it with the market value of the banking companies, and organizes a specialized workshop to know the results of the measurement, as well as studying and developing the activities and services of the banking sector and its impact on society", pointing out that It is important to focus on the importance of measuring the earnings per share in any propositions and seminars, and developing banking services and not only localizing salaries, because the salary is converted into consumption and not into savings and there is no profitable return

To save. "

Overcome challenges

The workshop included discussions, interventions and proposals to support private banks in government for the purpose of overcoming challenges and obstacles to their work and restoring the confidence of customers to deal with them, especially when they proved that they are up to the national responsibility during crises in the country and continued to work and provided their banking services and products in the darkest conditions compared to the banks of some countries that Its banks stopped working in crises.

Bank debt

Banking advisor Samir al-Nusiri pointed out that "the workshop also included recommendations to be submitted to the Central Bank and the Ministry of Finance for approval and activation in the year 2020, the most important of which is to make the necessary legal amendments to the law to collect government debt and consider private bank debt as an excellent debt payable in the same way as government debt, and confirm a book The Central Bank in the number mm / 1/191 on 10/17/2019 addressed to the Ministerial Council of Economy regarding the request from the Council to activate the decisions of the previously issued economic affairs committee related to supporting the private banking sector that have not been implemented and have not been Fielha to

Today".

Monetary assets

He pointed out that "the recommendations included approaching the Ministry of Finance to take the necessary measures to compensate for the damages in the cash and fixed assets borne by private banks in the regions occupied by terrorist terrorist gangs and documented by the Central Bank of Iraq," and added, "Emphasis on universities, research centers and financial and banking training institutes to organize the rings." Scholarships and workshops specialized in combating money laundering and terrorist financing and methods of combating them and introducing the topic within the curricula of financial and banking students in universities, as well as financial inclusion and risk management and rules and standards for For compliance

Internationalism ".

The recommendations also stood at the importance of banks reviewing the prices of internal banking operations, in particular interest rates on loans granted to customers, employees, and citizens and scheduling bad debts owed by them due to the current economic conditions.

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