Capital for Private Banks Stood at 250 Billion Iraqi Dinars Each
|May 3, 2014||Filled under Iraqi Banking News|
Iraqi Banking News –
Revealed the association of private banks, the capital of private banks in Iraq reached 250 billion Iraqi dinars for each bank, and as shown that the infrastructure of the banking sector ready to receive international banks, pointed to the existence of “the wishes of the real” of Lebanese banks to open branches in Iraq.
The head of the Association of Iraqi banks Adnan Chalabi, on the sidelines of the Conference of the Iraqi banking – Lebanese held in Beirut on April 25 to 26 last year, said that “the Iraqi private banks made a lot of achievements in terms of the financial sector or the economic sector in general,” noting that it ” During the past three years has made a quantum leap in increasing the capital and the volume of deposits and credit and money transfer.”
Added Chalabi that “Despite the successes of these banks, but it still suffers from a lack of technological development in banking transactions,” calling for international banks, including the Lebanese banks which has branches in Iraq to “devote their efforts largely to reflect the technological development of the Iraqi banks for the advancement of their technology.”
He Chalabi that “the infrastructure of the banking sector of Iraq is now poised to dramatically reception of international banks to work in Iraq for the benefit of the customer of Iraq,” noting that “From Such banks can add a real touch on the Iraqi banking sector through the entry of the Iraqi market in the trading Kaltzlev, lending and bank transfer in various ways.”
Revealed Chalabi that “there is the wishes of the real number of Lebanese banks big to open new branches in Iraq because of the Iraqi market it is good that the market can be accelerated investment opportunities there where those banks Ptaamladtha different.
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