Finance parliamentary: push strongly towards the enactment of the protection of bank deposits

Admin Fri Jun 21, 2013 9:30 am


[ltr]21-06-2013 12:11 PM[/ltr]

Baghdad (news) .. the parliamentary Finance Committee confirmed it would pay strongly towards the enactment of the protection of bank deposits

The head of the parliamentary Finance Committee Haider Abadi, the reporter Agency (news): It's good to be there to protect the financial deposits in various banks any private banks and governmental organizations that will reflect positively on the Iraqi market.

He added Abadi: that the government could contribute to the support of the law by putting them to insurance fund in the form of a joint stock company means to secure or protect deposits in case exposed these banks to bankruptcy or shake economic may be for the company to compensate savers for their money from citizens and maintain peace economic and non- failure in Iraq.

The Abadi: that the Finance Committee and after informed on the merits of that law became convinced that supports the enactment of the protection of deposits and pay strongly to the legislation in the House of Representatives that the Salah to the Iraqi economy, which is the need of today and stood everyone from various government departments and institutions and civil.

It consists of the banking system in Iraq from forty-three banks as well as the Central Bank and distributed by ownership between (7) state banks and (30) Bank of my family, including (7) Islamic banks in addition to (6) of foreign banks. / End / 3. N. P /