Home
• Plan for the Iraqi banks eligibility to strengthen its presence in the market
Hassan Rashid
31.12.2011
In light of the continued monopoly of government banks for more than (95%) of the banking activity in Iraq, and the full monopoly of banking transactions-governmental organizations, private banks and put a new plan to work in isolation from the government sector.
The plan is to complete openness on the movement's growing investment in Iraq, after you go claims by taking its fair share of government banking unheeded.
The director of the Association of private banks in Iraq, Abdul Aziz said the Goldfinch capital of these banks rose to more than three trillion dinars and therefore is not acceptable to keep such large cash bloc pending the amendment of the government for its policies.
Goldfinch said in an interview with him Arjtah Radio Free Iraq that the capital of a number of private banks totaling (32) increased twice during 2011 and exceeded the ceiling set by the Central Bank's (100) billion dinars.
Goldfinch said that private banks have created a sophisticated infrastructure and effective in order to respond to the needs of the market, particularly with regard to the needs of foreign investors.
To the so called expert in the Ministry of Finance Dr. Hilal Al-Tahan, the private banks to make a major change in management structure to keep pace with developments in the banking market in Iraq.
It is said that private banks suffering from the decline in the confidence of the Iraqi trader who still prefer to deal with the government banks, prepared by the safer, says Miller, who called on private banks to reach out to people to gain their trust.
[You must be registered and logged in to see this link.]
