Banker: the opening of branches of international banks in the country will support economic development
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Banker: the opening of branches of international banks in the country will support economic development
Admin Sat Mar 23, 2013 10:55 am
23-03-2013 01:18 PM
Baghdad (news) .. Banking expert said Mohsen Ali, the local banks is able to perform the requirements of the investment process in the country due to lack of their capital, calling for the promotion of international banks to open branches in Iraq to support economic development.
Ali said (of the Agency news): The state-owned commercial banks and were not able to bridge the civil investment processes and requirements of economic development Knh advances and loans because of its physical and technological potential is limited.
He added: investment environment Iraqi needs to international banks sober owns capital High interference and strongly to the local market to contribute to the development of the country's economy through granting loans, stressing the need to grant the facilities and privileges of international banks to open branches in Baghdad and the provinces. / End / 8. N . p /
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