The opening of two new branches of Rasheed Bank in Basra

The opening of two new branches of Rasheed Bank in Basra




Minister of Planning and Finance Minister Ali Shukri
agency opens Rasheed Bank branch in Basra International Hotel.

10/29/2013

In an effort to facilitate financial transactions with foreign companies contracting with the province of Basra and revitalization of the domestic banking sector, city of Basra witnessed the opening of two branches of the Bank of rational, and lay the foundation stone for another special branch of the Government invested companies.

He said Planning Minister and Acting Finance Minister Ali Shukri Basra on the verge of physical and economic renaissance large and need more banks to handle financial, for this, the opening of the two banks in the Basra International Hotel and the University of Basra came to cope with the economic movement in the province.

The Director General of the Rasheed Bank Kazem fistula that the expansion of the Rasheed Bank came to the service of the citizen, he said, adding:

"There is an effort to create a large domestic market in Basra to foreign exchange and domestic market, and in order to regulate this market needs to be a number of companies and dealers registered with banks and open their accounts in foreign currency or local currency, and where they can buy and sell, as is permitted by the Central Bank , then you run this surplus banks accounts, credit granting these companies that need foreign currency in accordance with the contracts signed by them. "

He fistula that this goal will lead to the larger goal is that the prices are benefits payable and receivable and commission the bank is a reference to the Bank of Iraq and this needs a lot of work, procedures and requires strength and support customers who perceive that their interests and the interests of their business lies in the interest of the continuation of the bank and stay strong.

For its part, The Director of the Bank of the Basra International Hotel manholes Kazem powerful that the re-opening of the bank after a stopover after 2003 comes from in order to activate the banking business and to facilitate the work of foreign companies operating in the province of Basra, as well as to provide services to local citizens.

Meanwhile, a chairman of the economic development and investment in the provincial council Aqeel Ibrahim al-Khalidi in an interview with Radio Free Iraq that Basra need to activate the large banks and the opening of branches being the economic capital of Iraq, noting that the local government supportive of this endeavor.

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