Adviser banker: foreign banks turned offices of remittances .. The fictional profits

Adviser banker: foreign banks turned offices of remittances .. The fictional profits

Date: 20/08/2012 14:24:03 Monday

Baghdad (news) .. Criticized adviser North Bank for Finance and Investment wholesome Elias Abou, the work of foreign banks participating banks Iraqi civil Mattabrha banks are not built the economy of Iraq, but came for personal benefit and transfers only third.
said Abbou (of the Agency news) on Monday: there foreign banks post with Iraqi banks eligibility capital is very large and profit fictional but not for the benefit of Iraq’s economy, but for personal benefits only, indicating: that the work of these banks shared the only lending operations are simple and small and convert large sums of money out of Iraq and their work is similar to the offices of conversion funds internationally significant benefits. confirmed Abbou: that Banks shared not lend housing projects and investment companies or national laboratories, but only micro-credit and transfer funds, stressing: that only banks on foreign remittances did not add something to the Iraqi economy. demanded Abbou: set conditions for foreign banks and participating banks Iraqi civil open investments to lending projects housing and lending laboratories and lending projects to build schools and hospitals, and not just limited to foreign remittances. , and added that the entry of foreign banks with a capital of a great work to lend to projects of housing units and investment companies will boost the economy and create jobs for the unemployed and stimulate the Iraqi economy. said: that the central bank gave entitlement to domestic banks participating foreign banks and Arabic where there are branches of many banks Iraqi sink as percentage of total Iraqi and has a contribution with a large bank Nchenl Cote Bank National Iraqi shareholder substantial amount with the bank of Jordan as well as other banks. / end / 21. n. p /
Source: ikhnews