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Hue Mi
10-03-2013, 07:31 PM
Banking: private banking has evolved considerably and now has relationships with banks (http://www.ikhnews.com/index.php?page=article&id=103304)

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03-10-2013 10:57 AM

Baghdad (newsletter). The Executive Director of the Association of private banks Abdul Aziz Hassoun, to the need to support the banking sector through the handle and increase public confidence, noting that private banks has evolved a lot and have relationships with international banks.


He said Hassoun (News Agency): stop the unwarranted remarks that by some officials and specialists in the economic sphere towards private banks are failing in their work and assume responsibility for any confusion in the market or the dinar exchange rate.

He added that private banks have evolved considerably in the past through the use of modern machinery to facilitate banking transactions and speed of delivery, as well as have foreign relations with the World Bank, so that its work is consistent with the Central Bank instructions and controls.

He noted that Government support for private banking sector by encouraging Government institutions to deal with them in order to boost development in the country.

The banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by property (7) and banks (30) Community Bank including (7) in addition to Islamic banks (6) foreign banks /finished/8. b. m/