Home
Baghdad/Ahmed ' Abed Rabbu
Bankers and financial experts said presence of the Arab Bank in Iraq proof sedate and the success of the monetary sector of the country, noting that the latter has real competition by banks and corporations. Bank is a major financial weight in the financial world and seeks to open branches in Iraq on his future plans. A Jordanian Bank established 1930
It is considered the largest world banks and spread its branches in most of the world. The Director of the Association of private banks Abdelaziz goldfinch (range): Arab Bank entry to Iraq gives a clear indication of the success of the country's monetary policy, as well as proof of the transaction provides evidence in Iraq, Arab Bank global banking school spent more than eighty years working in money.
He added: there is a great desire goldfinch by global banks hiring Iraqi banks to participate in its work and the transfer of technology to the World Bank, referring to the Iraqi banking sector began to evolve and lead its work fine.
, Said financial expert Farouk Ramadan (range): the détente between financial and global banks known as Iraq would support fiscal policy and creates a competitive environment between Iraqi and foreign banks operating in the country, pointing out that the Arab Bank and bank financial dealings in Jordanian sober.
His promising market promised Ramadan for Arab and foreign banking sector, pointing out that the investment environment in the country has real competition by global companies.
He said the economic figures that managed anb has a good reputation and considerable experience in the area of money.
Arab Bank confirmed that it was studying a presence in Iraq in the future plans, noting that it needs to be assessed and to time.
Head of the Board of Directors of the Arab Bank in a press statement he said the Council will plan in cooperation with executive management to activate his return in competition and growth and profitability with Iraq.
Earlier, the Central Bank of Iraq to foreign banks operating in Iraq do not work independently but under the umbrella of the local bank eligibility, stating that regional States investments in Iraq commercial in nature and lacking global specifications.
Central Bank adviser said the appearance of Mohammed Saleh: "foreign investment banking in Iraq under the umbrella of Iraqi banks, stating that" eligibility "explicitly does not work as foreign banks, if any, in the form of branches of foreign banking companies not in the force compared to global banking companies.
Many banks made after Arabic and foreign banks Act No. 49 of 2004, for licences to establish private banks in Iraq both by 100%, or in partnership with local Iraqi banks, or to open branches in Iraq, however, security conditions have prevented, except some few posts made with a number of national banks.
Works in Iraq 44 banks based and foreign banks, including branches of the Lebanese and an Iranian, Turkish and Emirati plus 6 governmental banks and rational and Rafidain Bank of Iraq's trade and Industrial Bank and the agricultural Bank and [You must be registered and logged in to see this link.] bank.
