[millionday] so this first report is the banking report i have received so many calls about we are going to look at it in parts and lets talk about it at the end here we go
[millionday] Remain in place the possibility of investment banks, private financial surpluses phenomenon has existed for many years and it needs to solutions, particularly with the increase in normal rates of any banking system in any country where more than 50 percent of the total budgets of banks is no reason to open the doors to engage the actor in the economic process through investment.
This is what made the Executive Director of the Association of private banks in Iraq, Abdul Aziz Hassoun in his speech for the (morning).
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[millionday] Cash surpluses Hassoun said that the cash surpluses that were in the five large private banks the end of last year (31/12/2012) up to 3.2 trillion dinars increased to 4.7 trillion dinars in the first half of this year,
which means that the issue in mounting a Miacher an imbalance because the money to not use properly, adding that this matter is an indication of a very important as if he could market the use of these funds noting the existence of imbalance must be addressed by the authorities and the authorities concerned
What does it mean that there will be banks where the money and flooding and Atjd market able to absorb The money that the process would be useful rewarding without the slightest doubt.
[millionday] note -- the added amount is obviously for something big as this reports the banks have the largest amount of money in them in history
[millionday] Large capital He called for the need to address this imbalance by the parties and the relevant authorities such as the Central Bank of Iraq.
He said Hassoun that if it wanted any company implementation of an industrial project or agricultural or tourist, they need a large capital as if the 100 billion dinars, or 200 billion dinars,
it certainly can not secure these amounts of capital and have to use banks other pointing out that all economic actors small or large does not dispense with the support and funding and this is the task of the banks and not for the purpose of storage and retention.
He reiterated that the money should be used in the implementation of projects and investments, but you need to insurance cover by the Central Bank.
[millionday] note -- the rate at what it is calls for massive amounts in start up loans -- international investment ect ect
[millionday] The need for guarantees Hassoun wondered why such a large quantity and high percentage of liquidity without utilize them in the economic process?
Replying to the question needs to guarantees to ensure the banks recover their money from borrowers through regulations monetary authority of the Central Bank
and regulations international frameworks for these banks and be specific size dependence and strength rather than through regulations and guarantees of banks internal
pointing out that the guarantees come through pledges made by government departments as you convert the dues of contractors and suppliers for contracts concluded with them to private banks for the purpose of disbursement of funds have to organize practical form fundamentalist and ensure the rights of the banks.
noted the need to take into account the type of property, location and area because there are banks suffer from real estate that did not go for borrowers is discharged, pointing to the need to be determined Central Bank of flexible measures so banks can ensure a reasonable profit for loans granted by.
[millionday] >>>>>> as you convert the dues of contractors and suppliers for contracts
[millionday] note -- they are saying that it is time to begin
[wmawhite] millionday ..........whatever happened to the problem with liquidity??........Remember, all of the reports of a lack of liquidity in all of the banks???
[millionday] Right Project Management He called goldfinch to the culture of the right of administration and supervision of the project funded by the bank
and this culture blocked our which is not permitted under which the bank is within the Board of Directors of watching you that things are going according to the feet of study
or does not work out in the whole world where he owns the bank the right to manage project because it is considered a guarantee of the rights to be provided in the bank instructed the concerned authorities, adding that this situation exists in the world, not a discovery.
Ignorance of the performance And between the Goldfinch that some shareholders bankers and speculators are unaware of how to continue the performance of banks and leave only to achieve profits without worrying about the continuity of banking activity.
[millionday] wmawhite not a problem now -- smile
[millionday] note -- this is saying that cbi has the right to manage and do what they intend to do as it is not as if it is something never seen before
millionday] Guarantees He pointed out that there are disorders caused spreading panic, how to ensure banks can recover their money from borrowers calling for the need that there will be safeguards not provided for in the regulations of banks interior, but stipulated in the regulations of the monetary authority of the Central Bank and regulations spammers Global International.
Concluded Goldfinch his reference to that private banks are not in need of financial support from the government but need moral support and maintain its existence banking and open the doors to them to deal with foreign banks better.
Lama, director of the Association of private banks in Iraq ultra-Nasser Hassan has criticized the lack of proliferation of banks in Iraq and Baghdad in particular, using Compared country Arabic less space than Iraq, hundreds of kilometers, but owns banks tens weaken Iraq calling for the need to pay attention to this issue. noted the high need to use plastic money Kalveza card and Master card instead of carrying cash regular and bear the risk while trading operations.
[wmawhite] millionday .......not since WWII.....Germany and Japan............lol
[millionday] so this is saying that the panic is becoming a worry -- they need to implement the monetary policy and also the credit cards ---economic reform ect -- as with the world -- they need all banking reform in place and to move the added currency to where it needs to go and also for the market --
[millionday] brb with more wmawhite smile definitely not new brb with more
millionday] stock market news and compliance report -- very interesting >>>
[ROBINREDHED] i like
[millionday] Counting an economist in the Ministry of Finance Dr. Hilal Taan investment in the telecommunications sector as a successful investment projects being offers widespread among citizens, especially after the establishment of one of the telecom companies offering shares in the Iraqi Stock Exchange.
At a time that saw the Iraqi market for securities early February last do one mobile phone companies offering shares in it for trading, saw the sector a high turnout of citizens to buy stocks making this sector a strong contender for the banks and industry sectors most heavily traded in the Iraqi market for securities.
[millionday] In contrast, the consequent this company's commitment to the contract signed between them and the Iraqi government to implement the terms of the agreement,
which includes improving the service offered by the company to ensure their success in their work and gaining confidence traders in stock because they are the standard of success or deterioration of this sector.
According to Taan, those companies bucked the terms of the agreement, as the contract with the government side, in relation to Baltsairh own deduct the balance, can be custom period of time agreed upon is that the deducted amount in units per second rather than per minute per also being doing now, calling those companies to be bound by these terms.
[millionday] obviously they are talking about the agreement being economically feasible in their current position -- i likey
[millionday] He noted that the deduction of the balance of the citizens in this way made for mobile phone companies profits very large, making it raised its shares to citizens in the Iraqi Stock Exchange for the abundance of financial achieved as a result of this offense.
Said Taan that the telecommunications sector in Iraq from investment sectors promising and successful because it provides direct services to the citizens, which makes it imperative on the mobile phone companies upgrading its services,
especially that this sector is frantic competition between the competent companies making mobile phone survive the best companies in terms of prices and services offered.
[millionday] note -- at this point of the reforms and the activation they are talking about here -- they should be stating pricing to the companies and expecting compliance but lets see where this goes
PART 2 LINK