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View Full Version : Iraq's banking sector is suffering the lack of confidence of citizens



Hue Mi
06-04-2014, 06:28 PM
Iraq's banking sector is suffering the lack of confidence of citizens (http://www.imn.iq/news/view.44424/)

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04/06/2014 02: 20

Member of the Finance Committee, criticized the Parliamentary banking sector in Iraq to be suffering a lack of confidence by the citizens.

Najiba, Najib said "the Iraqi banking sector suffers a lot of slack for not keeping pace with the development in all countries of the world", adding that "the lack of progress in the banking sector in Iraq has a negative impact on the economy of the country."

"Services of the countries of the world with regard to the banking sector through the Internet began but Iraq has not yet reached this level of sophistication", noting that "there are no banking facilities to create confidence among citizens in banks, trust is important in banking."

The banking sector in Iraq currently consists of two Government banks, Rafidain and Rasheed, five specialized government banks: Bank, real estate, agricultural, industrial, and Trade Bank of Iraq۱۹ Banks in the private sector Foundation as joint stock companies.

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