Association of private banks: the heads of our money amounted to 250 billion dinars for each bank and Lebanon want the opening of branches in Iraq

26/04/2014 18:49



Long-Presse / Baghdad

Revealed the association of private banks, on Saturday, the capital of private banks in Iraq reached 250 billion dinars for each bank, while showed that the infrastructure of the banking sector ready to receive international banks, pointed to the existence of "the wishes of the real" of Lebanese banks to open branches in Iraq .

The head of the Association of Iraqi banks Adnan Chalabi, in an interview with the (long-Presse), on the sidelines of the conference of the Iraqi banking Lebanese held in Beirut on April 25 to 26 current, that "the Iraqi private banks made a lot of achievements in terms of the financial sector or the economic sector in year, "noting that it" During the past three years has made a quantum leap in the capital increase and the volume of deposits and credit and money transfer. "

He said Chalabi that "Despite the successes of these banks, but it still suffers from a lack of technological development in banking transactions," calling for international banks, including the Lebanese banks that have branches in Iraq to "devote their efforts significantly in order to reverse the technological development on the Iraqi banks for the advancement of their technology. "

He said Chalabi said that "the infrastructure of the banking sector of Iraq is now poised to dramatically Receive international banks in order to work in Iraq, to ​​take advantage of them customer of Iraq," adding that "those banks that will add a real touch on the banking sector of Iraq by entering the Iraqi market in Kaltzlev transactions and lending and bank transfer in various ways. "

Chalabi revealed that "there is a real desires of a number of Lebanese banks to open large new branches in Iraq because of the Iraqi market, it is good that the market is possible that there are investment opportunities acceleration those banks Ptaamladtha different."

The Iraqi Central Bank revealed, on the fourth of April 2014, the opening of 15 branches of the banks, Arab or foreign country during the last three months of 2014, the current, as a result of his policy of openness to the world, noting that pulling off one branch of the Arab bank for violating the conditions laid down in laws.

The governor of the Iraqi Central Bank and the Agency, Abdul-Basit Turki, had threatened during a financial conference held in Dubai, two months ago, the withdrawal of licenses of five banks operating in Iraq (unspecified), unless they increase their capital.

It consists of the banking system in Iraq from 43 banks, as well as the central bank, and are distributed according to government ownership between seven and 30 waged, including seven Islamic, as well as six foreign banks.


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