Publication Details
Abstract
The Industrial Bank faces numerous transformations during its operations, particularly its shift from an industrial bank focused on achieving industrial development to a commercial bank by providing loans and developmental facilities. The bank primarily seeks to achieve profitable economic development through diversifying its activities, credit operations, and offering services to various sectors. This study is based on a main hypothesis divided into two sub-hypotheses: 1) There is a correlation between the extent of applying comprehensive banking operations and the profit rate generated from deploying various financial resources in income-generating credit activities. 2) There is a positive correlation between the volume of financing (loans) and the rate of economic growth.
The most important conclusions reached by the researcher are:
The economic, political, and social transformations experienced by the country, along with associated risks such as instability in political, economic, and security aspects, have led to a gap between the specialized and comprehensive activities of the Industrial Bank due to changes in decisions and instructions that directly affect the workflow, performance, and material and moral capabilities.
The key recommendations are:
It is essential to provide all means and methods enabling the Industrial Bank to operate within its specialized activity, primarily supporting economic development and the industrial sector, along with government support for the bank.