Tues. AM KTFA News Articles 2-6-18
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Tues. AM KTFA News Articles 2-6-18

KTFA Samson » February 6th, 2018 Finance announces the date of distribution of education salaries in the Kurdistan region 6th February, 2018...

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Samson » February 6th, 2018

Finance announces the date of distribution of education salaries in the Kurdistan region


6th February, 2018

The Ministry of Finance and Economy in the Kurdistan Regional Government, on Tuesday, the disbursement of salaries of the Ministry of Education.

The Ministry of Information and Communications in the ministry said in a statement received by "the eye of Iraq News" that "will be on Sunday, February 11, 2018 distribution of salaries of education staff outside the cities.

She explained that the distribution of salaries of education in the cities will be distributed next Monday LINK

Distribution of salaries of two ministries in the Kurdistan region

6th February, 2018

Is scheduled to be on Tuesday, the distribution of salaries of employees of two ministries in the Kurdistan Regional Government.

According to a table published by the Ministry of Finance and Economy in the Kurdistan Regional Government and his follow-up "Eye of Iraq News," will be distributed today salaries of the Ministries of Justice, Culture and Youth.

On Wednesday, February 7, 2018, the salaries of security personnel in the Kurdistan region will be distributed LINK

Rafidain: a large turnout of retirees to receive their salaries instead of special outlets

2018/2/6 8:30

Rafidain Bank that its branches in Baghdad and the provinces have seen a large turnout by retirees who receive their monthly salaries.

The bank's media office said in a statement received by the agency all of Iraq [where] a copy of it that "all branches of the bank have seen a large turnout by retirees who receive their monthly dues through electronic card or manual exchange."

He pointed out that "the branches of the bank provided convenient services for the disbursement of pensioners as soon as possible, unlike private outlets that take large sums of money from retirees during the payment of their salaries." LINK

Pathways to Financial Stability in Iraq

6th February, 2018 by Dr. Haidar Hussein Al-Tohma

Although many of the observations directed at the performance of the Central Bank of Iraq during the past years, which focused mostly on the sale of currency and the spoils of waste and corruption, which has affected the work of the window of foreign currency, the monetary institution in Iraq has succeeded in achieving many of the objectives of monetary policy at the local and external levels.

The most important of which is to secure an adequate price stability umbrella to support the development, reconstruction and investment efforts and to finance part of the fiscal deficits due to the collapse of oil prices and costs and the war on Dahesh, as well as the central bank to provide the necessary funding to support the private sector and provide loans for industries For small, medium and revive the national economy and remove him from the sharp part of the crisis behind after a long decline in oil revenues, the long recession most productive and service sectors in the country.



In addition to the above, the stability of the financial system is one of the main objectives to be achieved and maintained by the Central Bank of Iraq together with the stability of the level of prices and exchange rates, to ensure the effective performance of all economic units towards achieving sustainable economic development.

The stability of the financial system means that the financial system of all its institutions is able to achieve stability in the performance of its basic functions of mobilizing savings and granting various loans and settling payments effectively, especially in times of financial crisis resulting from the deterioration of the financial system or generated from the real sector.

Financial safety indicators

That the growing interest of the Central Bank of Iraq in the subject of financial stability in the race stems from its responsibility to ensure a sound and stable financial system and maintain and reduce the potential risks after forecasting, which encouraged the Central Bank of Iraq to make financial stability the first goal within the declared strategy for the period (2016-2020).

In order to verify the integrity of the financial system, the CBI is attempting to monitor and analyze the financial safety indicators presented in the annual financial stability reports.

The following is an analysis of the trends of these indicators and their implications for the Iraqi financial system as a whole.

Of capital adequacy ratio:

Central banks aim to strengthen banks' financial positions by increasing their capital as the first line of defense against potential risks.

Capital adequacy is one of the most important indicators used to identify the Bank's solvency and its ability to withstand potential losses or insolvency cases. The capital adequacy ratio of the Iraqi banking system as a whole is 128%, according to the Financial Stability Report of 2016, a high percentage that reflects the ability and efficiency of the banking system to cope with unexpected risks and challenges.

Liquidity Index:

Liquidity is one of the most important factors influencing the stability of the banking system of any country.

Banks' ownership of an appropriate level of liquidity remains the biggest challenge because it is based on a trade-off between profitability and cash.

In the event of lower liquidity levels, the bank is exposed to significant financial risks that could lead to bankruptcy and inability to Repayment of customers' requests immediately, as in Greece years ago.

The banking system in Iraq enjoys high levels of liquidity that exceed the rates set by the Central Bank. The ratio of liquid assets / total assets of the banking system as a whole is approximately 64.5% in 2016, which is high according to banking standards and clearly reflects the prudent trend of the Iraqi banking system In view of the high level of risk in the country.

Asset Quality Index:

The quality and quality of assets is the cornerstone of the level of credibility of capital ratios, as most financial insolvency risks in financial institutions are often caused by the quality of assets or the difficulties of converting them into liquidity when needed.

There are two types of indicators that show the nature of the assets achieved by the first banking system: the ratio of non-performing loans (non-performing loans). This ratio affects the bank's lending portfolio and hence the status of cash flows and net income.

It also affects the degree of financial insolvency and is measured using the debt ratio index Which witnessed a rise in the Iraqi banks in 2016 compared to 2015, which indicates that it may affect in one way or another the index of financial stability in Iraq.

The total non-performing loans at the Iraqi government and private banks increased to (3.3) trillion dinars at the end of 2016 compared to the year 2015 when it reached (3.1) trillion dinars.

The non-performing loans for 2016 were distributed at 2.2 trillion dinars for government banks and 1.2 trillion dinars for private banks. This indicates that government banks are more exposed to the risk of non-payment and is a weakness on the state banking system compared to private banks.

Revenue and profitability index:

The revenue and profitability index is a crucial factor in judging the banking safety trends of any country.

A number of ratios can be used to determine the rates of revenues and profitability achieved by the banking system in Iraq.

The most important is the rate of return on assets in government banks, which recorded (0.4%) in 2016, About its rate achieved in 2015, amounting to. (0.5%). In the case of private banks, this ratio fell to 1.6% in 2016 after reaching 2.4% in 2015 due to the low profitability of banks compared to the size of the high assets and the high volume of bank liquidity as well.

Conclusion

There are several proposed aggregate indicators that reveal the direction of financial stability in Iraq.

Through the use of Iraq's financial safety indicators, a number of indicators can be identified that illustrate the risks and challenges of the country's financial system.

While banks' capital adequacy ratios and bank liquidity ratios are high, reflecting the resilience of the banking system to meet unexpected risks and challenges, high NPL / gross loan ratios, particularly in government banks, may have some impact on the ISI.

As for the rates of revenues and profitability achieved by the banking system in Iraq during the previous years, they recorded a sharp decline due to the low profitability of banks (compared to the size of high assets) as a result of the decline of investment banks and shrinking financial investments due to the political situation and security events in the country. LINK
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