27/11/2013
Questions about the Bank's role in saving
«Shura» criticizes the allocation from «Altaslef» 95% of its loans for «social»
Shura members Council criticized, at its 60, yesterday, varying in size between social and productive loans provided by the Bank of credit and saving to borrowers with loans made in the last fiscal year, loan 145229 6.58 billion. Total loans of the total loan, 143911 6.25 billion riyals, with 95 per cent of total loans, while loan production 1318, approximately 235 million riyals. He asked members during the debate on the report of the Finance Committee, about the annual performance of the Saudi credit and saving Bank in fiscal 2012-1434, followed by rogue Committee Chairman Dr Saad; free report, indicating the Bank's role in saving, and criticized the vacancy of 178 jobs, Government's non-cooperation with the World Bank for deduction of premiums on the recalcitrant borrowers.
In its recommendations, the Committee called on the Ministry of finance to support the Bank, leading to allocate 50 per cent of its capital to productive loans, and trails provide advantages for those loans in the less developed regions, and called for the development of comprehensive national strategy for savings, with the participation of the relevant authorities. The World Bank also demanded the application of governance in his work; they shall attach the annual financial statements and the auditor's report with the annual report. In the interventions of members, Dr. Ahmed suggested the Stanley monitor all decisions of the Board, requesting from the cooperation between them, and submit them to the custodian for consideration and clarification of the size of the negative effects of the lack of cooperation between them. Dr. Ahmed Almefreh saw that complaint of lack of cooperation by the Government in resolving the premiums of recalcitrant borrowers, said: the Government's lack of cooperation with the Council, including unhealthy phenomenon, and repeated in some reports. Dr Gabriel said that the Bank did not turn into savings with his appointment as Assistant Director of the World Bank for savings, also questioned the Bank's headquarters for rental its branches, with the ownership of land in regions of Saudi Arabia, and he wondered what the vacancy.
Almefreh also complaint of lack of cooperation by the Government in resolving the premiums of recalcitrant borrowers, said: the Government's lack of cooperation with the Council, including unhealthy phenomenon, and repeated in some reports. And Dr Gabriel AR, that the Bank did not turn into savings with his appointment as Assistant Director of the World Bank for savings, also questioned the Bank's headquarters for rental its branches, with the possession of land in Saudi Arabia, he also wondered what the vacancy of 178 posts in the Bank, and the slow implementation of the quality management system. The double role of the Bank in lending to emerging, lower lending by 62 per cent, and inability to attract qualified for financing projects, not start a plan. Dr. Alsubaie gave free report information on savings, and ' significant imbalance ' between loan size and loan production, and lack of cooperation by the Government with the World Bank in collecting loans from borrowers.
Dr. Al-khonaizi said: the report failed to mention something of its objectives to reduce the cost of living, unemployment and welfare, and he called for open women's sections and create jobs for women, develop savings plan for all State employees, and develop a program to sensitize citizens on the role of the World Bank. The Shura Council approved at its meeting today, the Ministry of labor follow-up activity companies and recruitment agencies licensed, and it began to operate in zones, review the rates and recruitment costs and leasing.
They voted to approve the creation of the Ministry of labor, in coordination with relevant agencies, to develop a mechanism to stimulate the settling of small and medium-sized enterprises and national competencies to ensure safe working environment viability that help stabilize the women working in the private sector. The Council requested the Ministry of labor to support tripartite social dialogue between the parties, and to find mechanisms to oblige private enterprises to form committees, called the Ministry to support occupational health and safety management in the Ministry, in coordination with the competent authorities, to create appropriate incentives to attract and train competent national cadres to work in this area.
