Iraqi Islamic Bank increases its capital (150) million dollars .. And complains of the central bank's measures restricting his work

Date: 10/05/2012 14:13:19 Friday



Baghdad (news) .. Iraqi Islamic Bank announced for a capital increase to (150) million dollars after it was (100) million in the last year, adding that the central bank's measures restricted the work of private banks and made its activity is limited.

The official said projects department in the Iraqi Islamic Bank Haider sea (of the Agency news) Friday: The his bank is one of the banks that have maintained their level and the approach seemed to him at the founding of the bank, and has an effective contribution to economic development and investment in the country.

He added: that the bank is working to develop cadres and potential through opening branches in all provinces built according to world-class European and specifically Swiss banks through the use of techniques and equipment developed in all its branches, adding that the capital of the bank has increased to (150) million after (100) million in the year (2011).

He pointed out: that there is inter constraints faced by the bank, mainly restrictions imposed by the central bank to work private banks for security reasons and economic which bind banks to increase their capital and harassment by obtaining loans and sales between banks, but it is the right of the central bank to take these measures in order to preserve the national economy . / end / 8. n. p /


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