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The high number of private banks in Iraq

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stockings3333   Tuesday, 07/15/08 09:22:45 AM
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The high number of private banks in Iraq
2008-07-15 16:31 2008-07-15 16:31
The number of private banks in Iraq to 32 banks after Also in 2002 their number not exceeding 12 banks increased their capital to the اکثر trillion dinars after Also in 2002 not to exceed 80 billion dinars.



The FamilyMartyrs Associate Director-General of banking and credit control in the Iraqi Central البنک epics Idi Walid Abdel-Nabi said in a statement that the number of Islamic banks has risen from one bank in 2003 to seven banks in 2007.

The epics Abdel Nabi, the number المشارکات in banking Iraqi capital has risen to seven مشارکات by banks and financial institutions, Jordanian, Lebanese and Gulf, British, Iranian, had reached the minimum مشارکات 23.2% in Mansour Bank for Investment and 73% in the Islamic Bank of regional cooperation.

The epics Abdel Nabi, the number of branches has risen from 350 branches in 2003 to 620 branches in 2007 to become الکثافه bank limits one bank لکل (40) thousand people and is the ratio of good practice in monetary and financial.

. The epics Abdel Nabi that these developments achieved in the banking sector were the result of the Iraqi Special his البنک Markazi of scientific thought and effort Also a pioneer in providing legal and procedural environment to attract capital from Arab and foreign countries for the establishment of foreign banks or branches or مکاتب representation in parts Iraq.

; Central to the capital of Iraqi banks through the issuance of the special law for 56 Gravy in 2004, and the Banking Act No. 94 of in 2004.

He stressed epics Abdel Nabi المشارکات that this helped to improve the performance of Iraqi banks concerned, and including the issuance of credit cards, and use ATMs at work, and preparation of budgets according to international accounting standards and carry out investment, and opening of documentary credits and issuing Letters of guarantee, and the conduct of foreign transfers for various purposes.

And between the Central البنک prepared a draft law to ensure Samin deposits as well as the establishment Samin loan guarantee along with his now reconsidering the law of the banks towards the re-drafted according to a national vision of Iraqi banks and granting greater investment opportunities and credit.

Central banks of a fund investments ; independent مکون a capital investment of units in various denominations, and managed by the investment manager has obtained the approval of two of the Bank of the Islamic country to establish such a fund.

The FamilyMartyrs Abdel Nabi that البنک Central adopted CAMEL global system for assessing the performance of Iraqi banks, and Iraq is the third Arab country that have applied this system for the purpose of improving the performance of banks and urged them to abide by laws and regulations and create competition and provide advanced services.

2007 He pointed out that the united efforts of Central and the Ministry of Finance has been allocated percentages of the total appropriations for the departments of State, which amounts اکثر of two million dollars and a total of 500 million dollars and entrusted implementation of the Trade Bank of Iraq, according to Hamas and the desire of the Service or Welcome IOA, and Has reached a number of these banks after 16 banks to provide special Welcome or department IOA assessment according to the bank system adopted by the Central Bank in 2007



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