Central bank: deal with the state government banks does not mean the end of the day for private banks

Admin Thu May 01, 2014 8:34 am

Thursday 01 May 2014
| 12:49

Qurtas News / Baghdad

Detection Iraqi Central Bank Governor Abdul Basit Turki, said Thursday that the state financial transactions and trade with government banks amounted to 80%, indicating that this does not mean the end of the day for private banks to identify their work and investments.

He said Turkish for "Ply News", "central bank policy towards private banks is that there would be opportunities to invest fully insured and wide in the field of banking."

He added, "Although the Government state with government banks amounted to 80%, but this does not mean that the chances of construction or invest in the future will be the monopoly of state-owned banks," adding, "In the case of the Gr of state banks in the future or remain current legislation unchanged, The private banks to show greater efficiency and more effort to take a broader space for the effort. "

He stressed that the Turkish "of the central bank strives which is making great strides to change the law on the central bank and the law of private banks in line with the service economy and allow the private banks to operate freely in accordance with the rules and regulations set forth."

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