Today, Wednesday, the Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, emphasized the need of expediting the implementation of the complete banking system, as well as streamlining loan giving procedures.
In a statement, the media office of the Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, said, “Al-Atwani chaired a session hosting directors of government banks, to discuss ways to achieve banking and financial reform in the country,” adding, “The meeting, which was attended by representatives, members of the Finance Committee, and directors of the Rafidain, Al-Rasheed, and Real Estate banks.”
He went on to say, “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.”
He underscored “the necessity of accelerating the implementation of the comprehensive banking system,” reiterating that “we will hold joint specialized workshops in order to prepare a draft of the government banks work law,” as well as “following up on the steps to prepare the banking reform paper,” adding that he supports “efforts to improve and advance this sector.” “vitally important.”
He went on to emphasize “the importance of facilitating loan granting procedures and studying their economic feasibility in order to achieve development,” and added that “automating systems and programs is the only way to break away from routine and fight corruption.”
He underscored the need for “accelerating the completion of the steps to transition from the paper system to the electronic system for all sectors and institutions,” and underscored “the importance of preparing data centers in accordance with the standards of the Central Bank and international banks.”
He went on to say, “The Real Estate Bank must complete lending transactions for citizens who have completed disbursement procedures within the housing initiative.”