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Central raise capital branches of foreign banks
Baghdad Constitution
Iraqi Central Bank decided to raise money branches of foreign banks operating in the Iraqi capital of $ 7 million currently to $ 70 million per branch, the equivalent of 30% of the capital of Iraqi banks .ooceft banking circles active in Iraq this step task, where it will increase the work of foreign banks in the Iraqi market activity, including raising the intensity of competition between them and the Iraqi banks that have to provide services and wider banking products to the citizens. From its part, welcomed the Lebanese banks with branches in Iraq, the step taken by the Central Bank of Iraq, which said it reflects the reality and prospects The banking industry in Iraq and the growing interest of Lebanese banks in contributing to the development of credit and investment activity in the Iraqi market to achieve developmental purposes desired stressing the need to take care of any move promote the growth of economic and banking relations between Iraq and Lebanon opportunities .waodan
sources said that a number of conferences and joint workshops held in this regard Previously, in conjunction with the Central Bank of Lebanon and the Central Bank of Iraq, where increased to a large extent of communication between the monetary and supervisory authorities in the two countries with the possibility to benefit from Lebanon's experience in the banking sector .opent
Almassadran capital of branches of foreign banks in Iraq, which currently stands at $ 7 million could be described Balchgala
Considering that these branches follow the banks main mother that some of the current positions of more than one billion dollars at the very least, noting that the increase in the capital of branches of foreign banks to $ 70 million, or nearly 85 billion dinars will double the ceiling of credit have thus increasing the level of competition between them and Iraqi banks.
He said an official one of the branches of Lebanese banks in Baghdad, said the Iraqi market has become a magnet for foreign banks element in the forefront of Lebanese banks, which occupies a large area of activity of the Arab banking sector, giving it the ability to attract investors and depositors, stressing Lebanese banks keen in Iraq to contribute to the expansion of the size of the banks to take advantage of this experience in the field of banking activity, which has become a rich culture and modern technology to meet international standards in performance.
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Baghdad Constitution
Iraqi Central Bank decided to raise money branches of foreign banks operating in the Iraqi capital of $ 7 million currently to $ 70 million per branch, the equivalent of 30% of the capital of Iraqi banks .ooceft banking circles active in Iraq this step task, where it will increase the work of foreign banks in the Iraqi market activity, including raising the intensity of competition between them and the Iraqi banks that have to provide services and wider banking products to the citizens. From its part, welcomed the Lebanese banks with branches in Iraq, the step taken by the Central Bank of Iraq, which said it reflects the reality and prospects The banking industry in Iraq and the growing interest of Lebanese banks in contributing to the development of credit and investment activity in the Iraqi market to achieve developmental purposes desired stressing the need to take care of any move promote the growth of economic and banking relations between Iraq and Lebanon opportunities .waodan
sources said that a number of conferences and joint workshops held in this regard Previously, in conjunction with the Central Bank of Lebanon and the Central Bank of Iraq, where increased to a large extent of communication between the monetary and supervisory authorities in the two countries with the possibility to benefit from Lebanon's experience in the banking sector .opent
Almassadran capital of branches of foreign banks in Iraq, which currently stands at $ 7 million could be described Balchgala
Considering that these branches follow the banks main mother that some of the current positions of more than one billion dollars at the very least, noting that the increase in the capital of branches of foreign banks to $ 70 million, or nearly 85 billion dinars will double the ceiling of credit have thus increasing the level of competition between them and Iraqi banks.
He said an official one of the branches of Lebanese banks in Baghdad, said the Iraqi market has become a magnet for foreign banks element in the forefront of Lebanese banks, which occupies a large area of activity of the Arab banking sector, giving it the ability to attract investors and depositors, stressing Lebanese banks keen in Iraq to contribute to the expansion of the size of the banks to take advantage of this experience in the field of banking activity, which has become a rich culture and modern technology to meet international standards in performance.
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