Director of Rafidain Bank: Chapter VII and foreign debt handcuffed the Bank's work with international counterparts

On: Saturday 19/05/2012 18:11


BAGHDAD - The Citizen


The Director of Rafidain Bank Zia Alckheon, that the continued survival of Iraq under Chapter VII and the accumulation of financial debt foreign restricted participation of the bank with global banks, pointing to the existence of post and a single bank with a group of Arab Banks French amount of shareholder (30) million dollars.

Said Alckheon Saturday : All the posts of Foreign Affairs of the Rafidain Bank is nearly finished, except only participate with a group of Arab banks in Paris, the French contribution (30) million dollars, pointing to the existence of the other post with ADB financial shares, but a few.

He explained: that the posts of foreign banks, the Iraqi government, especially with the Rafidain Bank, the banking world is restricted because the survival of Iraq under Chapter VII and the accumulation of external debts and some countries claim their debts and financial Taweidadtha from Iraq.

The Alckheon to: that the Rafidain Bank has a meaningful contribution within the country and in all areas and sectors, both tourist and business, engineering, construction and personal advances and others, in addition to the presence of overseas branches of the bank are distributed in the country (Bahrain, UAE, Egypt, Jordan and Yemen) also has contributions and investments there.

The Rafidain Bank, a bank, the Iraqi government, which was founded in Baghdad in 1941, the first Iraqi bank commercial and has a (146) branches inside Iraq, and some other branches abroad in Jordan, Egypt and United Arab Emirates, Lebanon, Bahrain and Yemen.


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