Parliamentary Finance stresses the necessity of accelerating the implementation of the comprehensive banking system, 16 NOV

  Parliamentary Finance stresses the necessity of accelerating the implementation of the comprehensive banking system

Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, stressed today, Wednesday, the necessity of accelerating the implementation of the comprehensive banking system, while stressing the importance of facilitating loan granting procedures.

The media office of the Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, said in a statement received by Mawazine News, “Al-Atwani chaired a session hosting government bank directors, to discuss ways to achieve banking and financial reform in the country,” noting that “the meeting, which was attended by representatives, members of the Finance Committee and bank directors Al-Rafidain, Al-Rasheed, Real Estate, Industrial, and Agricultural, discussed a number of important files related to the work of government banks, including mechanisms for granting banking facilities in granting loans and reducing interest rates and other services.”

He added, "The meeting reviewed the steps for preparing the banking reform paper in line with the government program, through the implementation of the comprehensive banking system."

Al-Atwani stressed "the necessity of accelerating the implementation of the comprehensive banking system," pointing out that "we will hold joint specialized workshops in order to prepare a draft of the government banks work law. "
He stressed "following up on the steps to prepare the banking reform paper," expressing his support for "efforts to improve and advance this vital, important sector."

He pointed to "the importance of facilitating loan granting procedures and studying their economic feasibility in order to achieve development," explaining that "automating systems and programs is the only way to get rid of routine and fight corruption."

He stressed "accelerating the completion of the steps to transition from the paper system to the electronic system for all sectors and institutions," pointing to "the importance of preparing data centers in accordance with the standards of the Central Bank and international banks."

He stressed, "The Real Estate Bank must complete lending transactions for citizens who have completed disbursement procedures within the housing initiative."   link