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Proposed the establishment of specialized investment banks
On: Friday 3/8/2012 5:30
Baghdad / range
proposed banking expert Mohsen Ali, the establishment of specialized banks with capital to finance the high investment projects in the country, stressing that the process of investment banks need to meet the needs of solid investor. The manager of the Bank as good for developing a financial plan to fund construction projects residential investment in Baghdad
And a number of provinces to contribute to the reduction of the housing crisis.
Ali said in a press statement that the Iraqi private banks began to evolve in their work and use modern technology to keep up banking systems World pointing out that they face challenges by institutions and government departments, which calls for not dealing with private banks, which reduced its effectiveness in contributing to the investment process of the country and the development of the national economy.
He added that the investment process in Iraq need to establish banks sober specialized investment you meet the requirements of the foreign investor and which he has imported equipment required in the project, which intends to invest, in addition to the performance of financial dues to the contractors of in order to facilitate the work of investors in Iraq.
He noted that the Iraqi banks are those tasks at the present time but is able to accelerate the consistent investment matters, so channels Egyptian will facilitate work on it as a specialized investment.
at the same time said bank manager Rashid Kadhim fistula, that his bank develop a financial plan to fund construction projects residential investment in Baghdad and several provinces to contribute to the reduction of the housing crisis.
said Nashorvi press statements that the Rasheed Bank plan to finance the investment projects to build residential complexes in Baghdad and several provinces, indicating, that the project is economically feasible and will give opportunities for the success of investment projects by measuring the volume of demand for residential units and the purchasing power of the population in areas primarily by the project.
He added that the bank will finance important projects in the light of the important factors, including the financial capacity of the investor and the expectations that surround the project of the success or loss, to resolve housing crisis in Iraq and the provision of modern houses of the citizens.
said: that the bank will monitor the potential financial enough projects that fall within the financial plan for the current year, and would delay funding of some projects for next year.
He explained: that the bank seeks to find other sources of funding through partnership with local banks and international finance investment projects. It is noteworthy that the banking system in Iraq consists of forty-three banks as well as the central bank and distributed according to ownership between (7) banks and government (30) waged, including banks (7) Islamic banks in addition to (6) foreign banks.
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