##### Bank: Central Bank committed all banks to develop their work in terms of the use of modern systems

Date: 26/01/2013 11:26:23 Saturday



Baghdad (news) .. According to Executive Director of the Association of private banks Abdul Aziz Hassoun, that the central bank face a speech for banks to develop their work through the introduction of modern systems and the use of technological banking.

Hassoun said (of the Agency news): The Central Bank issued a decision committed by all private banks and government using sophisticated banking systems to be able to keep up with developments in international banks.

He added: that this decision will help to develop the banking sector and to enter the competition in global markets, plus it will help to attract foreign investments and contribute to the development process.

It is noted that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed according to ownership between (7) state banks and (30) Bank Ahli including (7) Islamic banks in addition to (6) of foreign banks. / End / 8. N . p /


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