Economist: must be restructured private banks to restore confidence
Economist: must be restructured private banks to restore confidence
12/13/2015 10:34 GMT
Baghdad-and babysit – said economist Star-Bayati, said the private banks and after 2003 operate according to modern technology, but the subject has undergone a lot of confusion in the suspicions of corruption and money laundering issues.
He pointed out al-Bayati said in a statement to the news agency public opinion (and babysit), on Sunday, to “the need to restructure and reconsider the private sector even if there are some obstacles and continue the reform process”, adding that “the security situation and the deterioration of the political situation led to the loss of people’s confidence in the private sector and even year. ”
And between al-Bayati said “the issue of the loss of confidence in the private sector seen since the nineties of the last century because of the previous government measures”, adding that “private banks mostly base banks do not do what they must work on the grounds that all banks are commercial banks.”
Bayati said the “dire economic situation of the country and led to the continued loss of confidence in other public and private sector which led to the failure to deposit their money in banks, thus reducing the investment opportunities.”
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alrayy.com
