View Full Version : Bank: establish a dev'lopmnt investment bank will support country's invest't process

Hue Mi
12-25-2013, 06:38 AM
Bank: established a development investment bank will support the investment process in the country (http://www.ikhnews.com/index.php?page=article&id=111999)


24-12-2013 07:49 AM

Baghdad (newsletter). Improved banking expert suggested the establishment of a Development Bank, a contributor to favor large investment from Government and the private sector to support and develop the investment process in the country.

Ali (News Agency): Although the private banking sector consists of more than 40 Bank but not both (10%) Of all banking activities in Iraq for limited potential and the negative attitude of the State tghha, who prefers dealing with the public sector to the private account.

He added that all banking is the banking sector, however, consists of 6 banks, Rafidain and Rasheed, commercial, industrial and agricultural real estate, adding that the public sector could contribute to development, owing to the restrictions imposed on borrowers because it still works under centralized economy.

He stated: you should think about creating a development bank shareholder consists of private and public sector capital of more than 10 billion dollars provided managed by the private sector to work with the trading system and open on both domestic and foreign investment to contribute effectively to the economic development of the country. /finished/8. h. p/