Banker: foreign banks did not provide something new to the work of the Iraqi banking

Banker: foreign banks that have worked in the country did not provide something new to the work of the Iraqi banking

18-09-2013 10:32 AM

foreign banks did not provide something new to the work of the Iraqi banking Baghdad (news) .. Ruled banking expert wholesome Elias Abbou, support the Iraqi banking sector and development when you open branches of international banks in Iraq, noting that the foreign banks that have worked in the country did not provide something new to the work of the Iraqi banking. said Abbou (of the Agency news): In spite of the presence of foreign banks Whether Arab or world which has been working for a long time in the country, but it did not provide something that is not a regular, but that work is similar to domestic banks in terms of opening credits and the granting of credit. said: that the opening of branches of a number of foreign banks in the country will not support the Iraqi banking sector and to extend my start New to the banking sector as a working according to projects limited, and unable to expand their work for fear of the security situation experienced by the country at present. mentions that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by ownership between (7) state banks and ( 30) Al Ahli Bank, including (7) Islamic banks, in addition to (6) of foreign banks. / End

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