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04-17-2014, 07:59 PM
Banking deposits rise to 70 trillion dinars (http://www.nahrainnews.net/article.php?id=35813)


Date added 17/04/2014-09: 59

Banking deposits rise to 70 trillion dinars

The volume of deposits of private banks and Government 70 trillion dinars.

Executive Director of the Association of private banks Abdul Aziz hasoon deposits in State banks and 70 trillion dinars, indicating that these deposits spanned 40 trillion of deposits in State banks and 30 trillion of deposits of the private sector in the Government and private banks.

For its part, the Board member of the Association of economists Ikram Abdul Aziz, speaking to the need to consider these deposits by lending to investors in order to contribute to the completion of projects covering different economic sectors, where the frozen funds.

The successes of the developed world in terms of investment and development based on the private banking sector, should review the laws and legislation that facilitate working procedures with the establishment of a Development Bank banks managed by the private sector.

The banking system in Iraq consists of 54 banks, 7 State banks there are 23 commercial banks, including Islamic banks 9. There are also 15 branches of foreign banks. (Finished 2nd)
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