Banking expert proposes the establishment of a development bank with a capital (10) billion dollars

Banking expert proposes the establishment of a development bank with a capital (10) billion dollars to support economic sectors

Date: 11/18/2012 11:44:46 Sunday

Baghdad (news) .. Proposed banking expert on behalf of Jamil, create a bank developmental shareholder joint public and private sector with a capital does not exceed (10) billion dollars to support and develop economic sectors.
Jameel said (of the Agency news) on Sunday: Although the private banking sector consists of more than (40 ) Bank but does not constitute a proportion (10%) of the total banking activities in Iraq to the limited its possibilities and position passive state, who prefers to deal with the public sector at the expense of the private. added: that all banking transactions are, however, government banking sector, which consists almost (6) banks represented Balravedan and the rational and commercial (TPI) and real estate, industrial and agricultural, adding that the public sector can not contribute to development because of restrictions prohibitive imposed on borrowers because he is still working according to the system centralized economy. said: you should think about setting up a bank developmental shareholder consists of sectors private and public with a capital (5 – 10) billion dollars provided managed by the private sector in order to running the private sector and market culture and is open to all domestic and foreign investment to contribute actively in the economic development of the country. / end / 8.’s. m /

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