Expert: merger of weak banks would make their work effective and promotes

Expert: merger of weak banks would make their work effective and promotes

On: Wednesday 18/07/2012 13:51

Baghdad (news) .. Commended the economic expert Akram Abdul Aziz, the idea of merger of banks, noting that it will raise the level of banks to keep up with developed countries.
said Abdul Aziz (the Agency news) on Wednesday: The need is necessary for the merger of weak banks performing troubled capital and small, and their integration will reflect positively to increase the capital her money, upgraded and formation of new banks have a legal personality and independence. She added that the integration of banks will increase the size of investment and have a role in financial intermediation, are set out, the banks are under liquidation Accessories of debt, etc., before merging with another bank to form Bank of good with a capital of the top and efficiently big banking. She explained: the trend towards integration of private banks is an opportunity to include all the possibilities offered by the central bank to have a role in the stock market and the role of the size of a credit and a role in enhancing public confidence in them by increasing the volume of loans that can be granted. / Finished / 21. d. Q /
Source: ikhnews