Expert: the need to create a bank dedicated to support investment and development projects
Expert: the need to create a bank dedicated to support investment and development projects in the country
16-03-2013 08:25 AM
Baghdad (news) .. He banking expert Mohsen Ali, the importance of establishing development bank developed a capital High specialist support investment projects through soft loans to support the development process. said Ali (of the Agency news): The economic development requires a system developed banking, noting that Iraqi banks two branches year and private lacked the most basic developments in global banks. added: must work to establish a development bank cooperative investment has capital High and running developed banking to be able to support small and medium enterprises and even large in the country, the condition is managed with the mentality of the private sector, to promote the economic development process in the country. It is noted that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed according to ownership between (7) state banks and (30) Bank Ahli including (7) Islamic banks in addition to (6) of foreign banks. / end / 8. n . p /
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