Banker: the opening of branches of international banks in the country will support economic development

Banker: the opening of branches of international banks in the country will support economic development

23-03-2013 01:18 PM

Baghdad (news) .. He banking expert Mohsen Ali, the local banks are unable to perform the requirements of the investment process in the country due to lack of their capital, calling to encourage international banks to open branches in Iraq to support economic development. said Ali (of the Agency news): The commercial banks of government and private No they could fill the requirements of the two processes of investment and economic development Knh advances and loans because of its potential physical and technological limited. and added: investment environment Iraqi needs to international banks sober owns capital High interference and strongly to the local market to contribute to the development of the country’s economy through granting loans, stressing the need to give facilities and privileges of international banks to open branches in Baghdad and the provinces. / end / 8. n. p /

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