CBI decides to grant licenses to banks to increase the civil branches
CBI decides to grant licenses to banks to increase the civil branches
12/06/2012 09:54
Baghdad, June 12 (Rn) – The Central Bank of Iraq, Tuesday, for making a decision to grant licenses for a limited number of private banks to increase its branches in Iraq, noting that private banks have exceeded the 40 banks. Deputy Governor of the Central Bank of the appearance of Mohammed, told the Kurdish news agency (Rn ) that “the Central Bank of Iraq has taken a middle ground through a grant licenses for a number of private banks with foreign branches are more than 40 for the opening of bank branches.” He explained that “the total number of branches of domestic banks and foreign in Iraq up to about 800 branch, and we asked all banks increase their capital to strengthen its dealings banking. ” Iraq has suffered from a decline in per capita share of banking services to reach an average to one bank per 40 thousand people, is a big difference from what exists in neighboring countries. According to statistics published by the Iraqi Ministry of Finance recently, there are 25 banks waged, and five state banks in Iraq, and most of those five banks: Rafidain, which has 190 branches in all provinces and abroad, except for the Kurdistan region, in addition to the Rasheed Bank, which has 150 branches in and outside Iraq, except Kurdistan, along with the Land Bank, agricultural and industrial. and recently suffered a Warka Bank for Investment Al-Ahli, who owns several branches in Iraq from the major financial problems led to him under the tutelage of the Central Bank of Iraq. From: Raman Brosk, the Open: Peace Baghdadi
