CBI decides to rely on private banks with large capital
The Central Bank of Iraq today, Tuesday, he decided to rely on the private banks with heads big
money in the process of circulation. The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Iraqi Central Bank decided to rely on private banks with large capital, which has branches in the provinces in the process of circulation with the countries in the world and strengthen the role of
global investment in addition to giving way to
deal with the government institutions to deposit
the money."
He
added that "the number of private banks, 37 banks possesses 400 branches are few compared to with the government banks of the 7 banks and has 400 branches in all governorates of Iraq."
He pointed out that "the banking transactions in Iraq are weak and not the level of ambition of the Central Bank as per 45,000 citizens bank and supposed to be every 6 thousand citizens bank."
He called the Iraqi Central Bank earlier in the government institutions to
handle financial cooperation with private banks in the country. and the Iraqi Government that there is an economic necessity for the integration of private banks, among them, because their performance of monetary and financial have still not convincing.
Revealed the Iraqi Central Bank in February that he would give the number of licenses to establish banks Private confirmed that the increase in banks will enhance the economic role of the country. Denied the central bank in June 24 that the
development of Iraqi private banks risk as confirmed by the Ministry of Finance regularly. The total capital of Iraqi private banks Miliro $ 600 million currently, except that owned by the branches of Arab Banks and foreign companies operating in the country.
http://www.aknews.com/ar/aknews/2/249023/