Iraq should support the private banking sector; more advanced and has developed international relations says Director of the Association of Banks

Posted: October 4, 2013 in Iraqi Dinar/Politics
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Banker: private banks evolved considerably and now has external relations with international banks
03-10-2013 10:57 AM

Baghdad (news) .. Invited the Executive Director of the Association of private banks Abdul Aziz Hassoun, the need to support the private banking sector through a deal with him and increase public confidence in him, pointing out that the private banks have evolved a lot and now has the external relations with international banks.

said Hassoun (of the Agency news): Stop from statements unexplained, which fired some officials and specialists in the economic sphere towards private banks that they are delinquent in their work and take responsibility for any confusion is happening in the market or exchange rate of the dinar.

added: that of private banks has evolved considerably from what it was in the past through the use of mechanization of modern to facilitate transactions Banking and speed of completion, as well as become their external relations with international banks, so the work is consistent with what issued by the Central Bank of the instructions and controls.

pointed to: that the government is required to support the private banking sector by encouraging government institutions to deal with it in order to advance the development of the country .

mentions that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by ownership between (7) state banks and (30) Bank Ahli including (7) Islamic banks in addition to (6) of foreign banks


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