Parliamentary Finance Committee reveal a proposal to merge the Rafidain and Rasheed

Written by QS Date: 06/02/2015 12:10

Baghdad - INA / revealed in a parliamentary finance committee member, on Tuesday, a proposal to merge the Rafidain and Rasheed, referring to the deterioration of the financial situation of the Rafidain Bank.

He said the parliamentary finance committee member Masood Haider, for "The Iraqi news agency" that "Rafidain Bank financial situation deteriorating very" revealing "a proposal by the prime minister, the integration of the Rafidain and Rasheed and regarded as one bank."

He stressed Haider, a deputy from the Kurdish bloc change, "The Finance Committee is closely following the development of State-owned banks and the conclusion reached by the Rafidain Bank of very large financial deterioration must put the necessary solutions and quick about it."

It is a different context, Haider added that "the Finance Committee met a few days ago with the Economic Commission to study the investment law being activated and carries financial side."

Haider said that "the lack of activating the investment law because of obstacles in front of the Investment Authority," explaining that "those obstacles spurred Parliament to enact a law gives full freedom for investors from home and abroad."