Open branches of foreign banks in Iraq will support the banking sector and its development

Committee for the economy: open branches of foreign banks in Iraq will support the banking sector and its development

11-12-2013 08:19 AM

open branches of foreign banks in Iraq will support the banking sector and its development Baghdad (news) .. The Commission on the economy and investment representative, the importance of opening branches of international banks developed in Iraq to create an atmosphere competitive among local and foreign banks to provide better banking services. said the decision of the Committee MP / Kurdistan Alliance / Mahma Khalil (of the Agency news): that the Iraqi banking sector still lags behind evolution in global banks, so the introduction of international banks discreet to open branches in Iraq will Paramount broadcast banking culture and identify the most important modern technologies involved in the banking business, which will stimulate the local banks to develop their work. added: It has to be encouraging global banks to open branches in Iraq so as to create an atmosphere competitively compete through local and foreign banks to provide the best banking services using the latest technologies. pointed out: that the banks’ desire discreet and universally known Kalamrakih and English to work in Iraq is evidence that Iraq fertile environment for business investment and possesses a significant economic. / End

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