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Hue Mi
10-14-2013, 10:46 PM
Commercial Bank: civil and private banks need to expand his work in accordance with the (http://www.alghadpress.com/ar/NewsDetails.aspx?NewsID=4398)

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Hamdiya dry

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13/10/14 18: 43

Tomorrow/Baghdad: the Iraqi commercial bank, confirmed Monday, civil and private banks need to broaden its base and practice of bank overdraft and bank transfers, arguing that State banks could not provide loans to investors to ensure the land.

The Director of the Bank of the dry "hamdiya tomorrow", "the civil and private banks need to broaden its base, bank overdraft, bank drafts and providing financial services to investors and customers to have the confidence of foreign investors who wish to work in Iraq."

Dry said that kōmei banks cannot provide loans to investors to secure land for the simple reason that most of the projects submitted by the Government on land belonging to the Government, "she wondered," How can the State Bank to give loans to the promoter.

Dry said that "this situation highlights the need to develop the private sector from banks to provide guarantees and liquidity for the investor to be able to realize the project", noting that "a small number of private banks had succeeded in providing these services to customers."

The main functions of the Trade Bank of Iraq is to protect Iraqi funds and supporting the Iraqi economy and the financing of investment projects.