View Full Version : Government and private banks

Hue Mi
07-21-2013, 12:28 AM
Government and private banks (http://www.alsabaah.iq/ArticleShow.aspx?ID=50525)

21/7/13, 12: 00 am
Baghdad-Chartreuse, Chen

The Economist noted that the role and functioning of banks is still limited despite reaching 53 governmental and private banks, said Dr. Majid mock» morning» banks could play a major role in the redistribution of income but also absent, adding that Iraq was until recently an important source in the export of good banking skills to the world.

He noted that banks and private branches are still without ambition is not seen any development in the principles, private banks are unable to determine their objectives because they rely on Government funds to international banks operate according to international standards and specifications agreed while we find our banks looking for the Government to employ the funds, stressing that banks would have a clear role and influential without development and private sector development.