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Tamimi: We seek to restructure the Rafidain and Rasheed
10/04/2015
BAGHDAD / Source News / .. Parliamentary Finance Committee confirmed on Friday that it is seeking to restructure the Rafidain and Rasheed and converted to the private sector to upgrade them and their development.
Said committee member Majda al-Tamimi in a press statement that "the restructuring intended to break away from the owner and intended here banker separation Rafidain and Rasheed from the Ministry of Finance," pointing out that "this structure where the positive aspects of the big banks and the Iraqi economy."
"The Committee examined the structure of the two banks with the Central Bank of Iraq during a meeting with him last week, and the Bank expressed its support and support for the project," pointing out that "the restructuring of banks law had existed since the previous session of Parliament and there was involvement of opinion by the World Bank."
Tamimi explained that "the possibility of the two banks after liberation from the owner to participate competition with private sector banks, whether local or international, and also participates in the profit and loss, it will be known within the financial market."
Tamimi and expressed "are concerns of delayed project restructuring of banks, because of its effects on the private banking sector, due to the volume of liquidity deposited with the banks,"
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10/04/2015
BAGHDAD / Source News / .. Parliamentary Finance Committee confirmed on Friday that it is seeking to restructure the Rafidain and Rasheed and converted to the private sector to upgrade them and their development.
Said committee member Majda al-Tamimi in a press statement that "the restructuring intended to break away from the owner and intended here banker separation Rafidain and Rasheed from the Ministry of Finance," pointing out that "this structure where the positive aspects of the big banks and the Iraqi economy."
"The Committee examined the structure of the two banks with the Central Bank of Iraq during a meeting with him last week, and the Bank expressed its support and support for the project," pointing out that "the restructuring of banks law had existed since the previous session of Parliament and there was involvement of opinion by the World Bank."
Tamimi explained that "the possibility of the two banks after liberation from the owner to participate competition with private sector banks, whether local or international, and also participates in the profit and loss, it will be known within the financial market."
Tamimi and expressed "are concerns of delayed project restructuring of banks, because of its effects on the private banking sector, due to the volume of liquidity deposited with the banks,"
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