Iraq should expand bank branches internationally to open opportunities, says Finance Committee Member

Posted: October 21, 2013 in Iraqi Dinar/Politics
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Smart answer: open branches of Iraqi banks abroad will boost the economy and investment

21-10-2013 12:50 PM
Baghdad (newsletter). She is a member of the Finance Committee, a Deputy from the Kurdistan Alliance//smart Najeeb, Iraqi banks to open branches in the world, saying that such a step would open the field of investment and banking transactions in other States.

Najib said (News Agency): the Iraqi banking system continued to improve, and that opening of branches of banks in foreign countries will serve the sector and expanding investment opportunities, inviting private banks to open branches to support and strengthen its supplier.

She added that Iraqi banks to open branches abroad allow to connect with other States and provides a service for Iraqi citizens abroad, as well as create confidence among foreign investors in the deposit in the banks. ‘d like

Said: that the Iraqi banking system need new banking legislation to open the area for investment, and give more powers to the Board of Directors and investment companies.

The parliamentary Finance Committee expressed its support for all Iraqi banks to open branches in European countries, octagonal and Rafidain Bank effort in this direction

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