Banking expert: the idea of ​​the merger Iraqi Rafidain and will support the banking sector

Date: 10/01/2013 12:32:33 Thursday



Baghdad (news) .. I suggest a banking expert Mohsen Ali, the integration of the Iraqi Rafidain and trade personnel to the government sector, to support the banking sector in the country.

Ali said (of the Agency news): The idea of ​​merger of two banks as Rafidain bank and government the Iraqi Trade will be one bank with a high capital will contribute to the promotion of the economic development process.

He added: mergers should be encouraged to some private banks and government, noting that there are small banks and little capital and is able to regulate fiscal expenditure and contribute to the building and reconstruction of the country through the granting of loans for investment projects of the country.

The parliamentary economics committee has earlier announced an intention to legislate a law that allows the integration of the Iraqi Rafidain and Trade (ITP), to become a bank and one contributor and more active in national development.

It is noteworthy that Iraq has seven state-owned banks, 23 private banks and eight Islamic banks in particular, according to the website of the Central Bank. / End / 8. N. P /

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