Mohsen Ali: the need to introduce modern systems work of local banks to be linked to global banks

Baghdad (news) confirmed banking expert Mohsen Ali, the importance of introducing banking systems modern work of local banks private and government to keep pace with the evolution in the banking field and linked banks world.

said Ali (of the Agency news): The banking sector a major role in supporting and developing the investment process and the economy In general, must be provided a suitable ground for the support and promotion.

added: that the local banks are still operating mechanisms and systems old making it far from international banks, calling for the need introduction banking systems of modern work to keep pace with developments and linked banks world. mentioned 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.