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Banking expert: the establishment of developmental investment bank will support the investment proce

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Hkp1
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Banking expert: the establishment of developmental investment bank will support the investment proce

Post by Hkp1 on Thu Feb 07, 2013 11:57 am

Banking expert: the establishment of developmental investment bank will support the investment process in the country


Date: 07/02/2013 13:02:48 Thursday

Baghdad
(news) .. I suggest banking expert Mohsen Ali, the establishment of a
development bank a large shareholder with a capital investment joint
government and private sectors to support and develop the investment
process in the country.

Ali
said (of the Agency news): Although the private banking sector consists
of more than (40) Bank but does not constitute either rate (10%) of the
total banking activities in Iraq to the limited its possibilities and
position passive state towards which prefer to deal with the public
sector Special Account.

He
added: that all banking transactions became However government banking
sector, which consists almost (6) banks represented Balravedan and
rational, commercial and real estate, industrial and agricultural,
adding that the public sector could not be contributing to the
achievement of development because of restrictions prohibitive imposed
on borrowers because it is still working according to the system centralized economy.

He
continued: you should think about setting up a bank developmental
shareholder consists of public and private capital more than (10)
billion dollars provided managed by the private sector in order to
function trading system and is open to all domestic and foreign
investment to contribute actively in the economic development of the
country. / End / 8.
n. p /

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

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