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

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.

Neno

NOTES:
For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-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

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017


Banking expert: opening branches of foreign banks in the country is beneficial and would hurt local

Share

Hkp1
Interacting Investor
Interacting Investor

Posts : 3118
Thanked : 806
Join date : 2012-12-19

Banking expert: opening branches of foreign banks in the country is beneficial and would hurt local

Post by Hkp1 on Tue 29 Jan 2013, 10:30 am

Banking expert: opening branches of foreign banks in the country is beneficial and would hurt local banks


Date: 29/01/2013 10:45:26 Tuesday



Baghdad
(news) .. called banking expert Mohsen Ali, the need to support private
banks and encouraged to deal with it, instead of going to the opening
of branches of foreign banks in Iraq because they are overlooked by the
national economy and will affect the activity of the banking sector.

Ali
said (of the Agency news): The experience of opening branches of
international banks in Baghdad and the provinces useless being limited
in recent banks are not sober and trying to plunder the riches of the
country and take over the country's ability to harm the banking sector.

He
added: You must support the Iraqi private banking sector with all the
necessary to be able to promote the investment process through effective
contribution as a foundation for achieving the country's economic
development.

It
is noted that the banking system in Iraq consists of forty-three banks
as well as the Central Bank and distributed by property (7) government
and banks (30) Al Ahli Bank, including (7) Islamic banks, in addition to
(6) of foreign banks.

Although
the Investment Law No. 13 of 2006 has excluded investment in the
banking sector of its provisions except that the investment in the
banking sector takes its legal framework based on the legal central bank
No. 56 of 2004, banks No. 94 of 2004, with a minimum to create a bank
in Iraq 100
billion Iraqi dinars (ie around 85 million dollars (. / end / 8. n. p /

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http://www.ikhnews.com/news.php%3Faction%3Dview%26id%3D65634

    Current date/time is Fri 09 Dec 2016, 7:30 am