24-12-2013 07:49 AM
Baghdad (news) .. Proposed banking expert Mohsen Ali, the establishment of a development bank with a capital investment large shareholder of a joint government and private sector to support and develop the investment process in the country.
Ali said (of the Agency news): that although the private banking sector consists of more than (40) Bank, but does not constitute either the percentage (10%) of the total banking activities in Iraq to the limited potentials and the position of passive state Tghaa who prefers to deal with the public sector on your own account.
He added that all banking transactions has become, however, the government banking sector, which consists almost (6) banks represented Balravedan and rational, commercial and real estate, industrial and agricultural, pointing out that the public sector could not be contributing to the achievement of development because of the restrictions crippling imposed on borrowers because he is still working according to the system centralized economy.
He said: You must think about the establishment of the Bank of developmental shareholder consists of private and public sector with a capital of more than 10 billion dollars, provided managed by the private sector in order to function trading system and is open to both domestic and foreign investment to contribute actively in the economic development of the country. / End / 8. h. / P