######Abdul Aziz Hassoun: local banks seeking to enter the global financial market

19-01-2013 | (Voice of Iraq) - Add a comment -
Baghdad (news)

Said Executive Director of the Association of private banks Abdul Aziz Hassoun, that the private banking sector began to grow and increasingly through the capital increase and the volume of deposits banks.

Hassoun said (of the Agency news): The indicators that were issued to assess the activity of private banks over the past year confirmed that the existence of clear progress in the work of the Iraqi private banks through credit and financial centers increase their capital and deposits.

He added: private banks seeking to enter deeply into the global financial markets, especially after the recent decisions issued by the Central Bank for the development of the banking sector, so they are obliged to develop itself and the use of advanced banking systems.

It is noted that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by property (7) government and banks (30) Al Ahli Bank, including (7) Islamic banks, in addition to (6) of foreign banks.

Read more: http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D85349&usg=ALkJrhjFKqM9ST-bo5HMHvsLjgk9xXLrdw#ixzz2IQaiCiN7