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Rafidain Bank restructuring trends and good
2015/04/10 12: 04
Tomorrow press Baghdad: parliamentary Finance Committee, revealed Friday that it was seeking to restructure the Rafidain and Rasheed Bank and transferred to the private sector to improve and develop them.
The Committee Member said Majida Al-Tamimi for "tomorrow," "the restructuring meant separation from the owner and intended here the separation of good and Rafidain Bank Finance Ministry", noting that "these structural aspects of major positive on the banks and the economy of Iraq."
The Committee examined the structure of the banks with the Central Bank of Iraq during a meeting last week, the World Bank has expressed its support for the project, "Noting that" the law restructuring the banks had existed since the previous session of Parliament there was involvement of the opinion by the World Bank. "
Tamimi said he "can the banks after the liberation of owner participation in competition with private banks, whether local or international, are also involved in the profit and loss, it will be within the defined financial market."
Tamimi expressed "concerns delayed the restructuring of banks, because of its effects on the private banking sector, because of the amount of liquidity held by banks".
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2015/04/10 12: 04
Tomorrow press Baghdad: parliamentary Finance Committee, revealed Friday that it was seeking to restructure the Rafidain and Rasheed Bank and transferred to the private sector to improve and develop them.
The Committee Member said Majida Al-Tamimi for "tomorrow," "the restructuring meant separation from the owner and intended here the separation of good and Rafidain Bank Finance Ministry", noting that "these structural aspects of major positive on the banks and the economy of Iraq."
The Committee examined the structure of the banks with the Central Bank of Iraq during a meeting last week, the World Bank has expressed its support for the project, "Noting that" the law restructuring the banks had existed since the previous session of Parliament there was involvement of the opinion by the World Bank. "
Tamimi said he "can the banks after the liberation of owner participation in competition with private banks, whether local or international, are also involved in the profit and loss, it will be within the defined financial market."
Tamimi expressed "concerns delayed the restructuring of banks, because of its effects on the private banking sector, because of the amount of liquidity held by banks".
[You must be registered and logged in to see this link.]
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