Banking expert exclude entry of local banks to international markets

Banking expert exclude entry of local banks to international markets

26-04-2013 11:42 AM

Banking expert exclude entry of local banks to international marketsBaghdad (news) .. Ruled out an expert on banking Bassem Jamil Antoine, entering local banks two branches of public and private to world markets because of the restrictions imposed on Iraq under Chapter VII International. said Antoine (of the Agency news): The local banks are still tied at home and need to restructure and develop and this is due to the lack of coordination and joint cooperation between them and the central bank, in addition to government control over banks are weak. said: that the restrictions imposed on Iraq under Chapter VII by the United Nations, made ​​the relationship of local banks with global weak, with the exception of Trade Bank of Iraq, which works in partnership with U.S. banks. explained: that local banks have high professional competence but need support and development and restructuring, as well as strengthen ties with foreign banks to enter strongly into the global banking markets. / End / 8.’s. m /

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