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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Specialists: the opening of the British Standard Chartered Bank branch in Iraq will support the bank

    Rocky
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    • Post n°1

    Specialists: the opening of the British Standard Chartered Bank branch in Iraq will support the bank Empty Specialists: the opening of the British Standard Chartered Bank branch in Iraq will support the bank

    Post by Rocky Mon 09 Sep 2013, 7:32 am

    Specialists: the opening of the British Standard Chartered Bank branch in Iraq will support the banking sector and promote development of the country

    09-09-2013 09:23 AM


    Baghdad (news) / report / Hussein Faleh / .. Iraq emerges from the provisions of Chapter VII internationalist who was imposed on him by the United Nations since the nineties of the last century to stimulate foreign companies discreet and well-known international banks to enter the Iraqi environment in which to operate.
    Where he expressed 'Standard Chartered' British, which has branches in various countries of the world intense desire to open a branch in Iraq, after he made a formal request to do so.

    He had said the CBI, agreed in principle to the British Standard Chartered Bank opened a branch in Baghdad to its banking practice before the final of this year.

    Specialists in the field of banking and economic confirmed their talk (of the Agency news) on the importance of allowing international banks to open branches in Iraq, so as to support the banking sector in terms of gaining experience and capacity development, as well as to promote economic development in the country through its contribution to the financing of development projects in the country , arguing that the bank 'British Standard Chartered is one of world sober Vdjulh the banks to Iraq addition will give vital support for the Iraqi economy.

    Member of the Finance Committee MP / National Alliance / AMEER Mayahi, said: that the opening of bank Standard Chartered, the British branch in Iraq will give impetus morally for the advancement of the banking sector of Iraq by virtue of experience, global and technological modern uses, it will stimulate the local banks to develop its limited capabilities, in addition to that will encourage other global banks to open branches in Iraq.

    He said Mayahi (of the Agency news): The Standard Chartered is one of the global banks discreet which have a long tradition in the field of banking and well-known in the world, Vmpadrth to open a branch in Baghdad and the provinces will achieve a quantum leap in the field of the Iraqi banking and the national economy, in terms of its contribution to the advancement of reality of investment and create a competitive atmosphere between him and the local banks.

    He continued: and so it will affect the dinar exchange rate by increasing the price in front of hard currency, so that should be encouraged banks to open branches in the country, and take advantage of their expertise in the development of the Iraqi banking sector, which still suffers from underdevelopment.

    He added: that the entry of international banks to operate in the country did not need legislation to new legal or amendments to some laws in order to bring global banks, and that it took the House of Representatives and the Finance Committee are ready to enact a law that allows for the entry of those banks and facilitate its work in Iraq in order to serve the country.

    As head of the Center of Information Economic Dergham Mohammed Ali, praised the step bank Standard Chartered, which is one of the major banks in the world for the opening of a branch in Iraq because it is carrying more than the benefit of Iraq and one of the features of the withdrawal of Iraq from Chapter VII and will develop banking in Iraq and open the door to international banks to open branches along the lines of this bank.

    He added, Muhammad Ali (of the Agency news): that of Shan open this section provide services and banking facilities and credit and opening credits levels is currently available to customers of Iraqi banks which constitutes a new phase of banking dealings in Iraq, in addition to give confidence to the Iraqi currency than before via traded by the bank and supports Iraq's efforts to enter the international credit rating.

    He stressed: that the seriousness of this bank in the provision of modern services, accessible via its branch This is what will make the imperative for the local banks, both government was or civil that the development of its performance bank to maintain the spirit of competition with foreign banks that the performance of local banks is not considered acceptable, even if the minimum and that their capital mostly low and limited activities practiced by high interest rates on loans are no longer able to compete, but to re-evaluate this performance and scalability to keep pace with the evolution of banking in the world.

    For his part, said banking expert wholesome Elias Abbo: The foreign banks since its entry into Iraq, and has so far failed to provide something new up for what they offer local banks owned by the private sector, noting that the private banks began to develop its work according to the technological modern banking and offer their services and usefulness of the Iraqi economy, despite the absence of government support.

    He explained Abbou in his speech (of the Agency news): that in the event of entering British bank aspirations of a new different from what made Abannhk other foreign grants soft loans and amounts of good and low interest, it will give impetus moral of the economy, while if his work was a regular, it would be unchanged if any local bank Local or maybe exceeds it.

    However, saying: Standard Chartered Bank has considerable experience in the banking industry may benefit from Iraq developments owned by the bank, so they kind of gain experience and sophistication.

    The Department of Standard Chartered Bank UK, announced on Monday (February 11, 2013), its intention to open three branches in southern and central Iraq and north, and the foreign companies operating in it, especially the British and Korean are looking for Financial Services 'more supportive' in its business there.

    It is noteworthy that Standard Chartered Bank was established in 1969, through the merger of two banks separate, two Standard British South African, and the Bank of lawyers in India, Australia and China, taking advantage of the expanding trade between Europe, Asia and Africa, and works in the bank is currently 87 thousand people, speaking 170 language, representing 130 nationalities, and has more than 1,700 offices, branches or sales outlets in 70 countries around the world. / End / 8.'s. m /

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