Proposal to merge small banks and the formation of a development bank shareholder
Proposal to merge small banks and the formation of a development bank shareholder
03/04/2014
BAGHDAD / JD / .. suggested the parliamentary finance committee, small local banks merge with each other to form a development bank shareholder is able to finance large investment projects in the country.
A member of the committee MP Hassan al-Bayati told / JD /: that a central bank by requiring local banks to raise their capital to the roof (250) billion dinars longer true and positive for the banking system in Iraq.
He added that the central bank’s demands not to impose sanctions on banks that can not raise its capital to 250 billion dinars, but should encourage those banks to merge with each other to form an Iraqi bank shareholder development helps to finance major investment projects in the country.
The Iraqi Central Bank announced its intention to withdraw the licenses of five community banks for their inability to raise capital.
Has complained about the number of private banks from the central bank measures towards the work of banks, which it described Palmakdh.
He had demanded that the Association of private banks the central bank’s decision to withdraw licenses to wait a number of local banks as a result of its inability to increase its capital. / End / 8 /
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