Baghdad / term-Presse
Confirmed a British bank, that a lot of international banks want to open branches in Iraq to facilitate the work of enterprises of their countries which, while criticized financial expert CBI for allowing opening of these branches without forcing the implementation of a number of businesses that serve the country, to become competitive with national banks and the source and drain foreign currency.
The chief executive of Standard Chartered Bank, British, decaffeinated and Wishart, in an interview to the (long-Presse) that "among global banks a strong desire to work in Iraq to facilitate the work of the large number of international companies and the British in it," adding that "the Iraqi banking sector in the remarkable progress of where followers of modern technologies and benefit from international experiences in operations around can the future of access to the ranks of international banks. "
said Wishart, that "the work of the Standard Chartered Bank is limited to customer service global companies that have a connection with the projects the British in Iraq," adding, "but this does not preclude the provision of assistance to the banking sector of Iraq through training Mlakath. "
But financial expert Abdul Aziz Hassoun, criticized the work of international banks in the country, and allow the Iraqi Central Bank opened to be "competitive with Iraqi banks and not supportive," attributing it to being "offers the benefit of companies their countries on the reality of the Iraqi financial sector. "
said Hassoun, a former president of the Association of Iraqi banks, in an interview to the (long-Presse), "The opening of branches of international banks in Iraq, including British, adds nothing to the banking sector or the financial Iraqi, for confining its work companies to their countries, "returned that" it is contrary to custom financial advocated by the laws of the Iraqi banks. "
said financial expert, that "the work of those branches draining foreign currency in Iraq because of conversions carried out by", stressing that "the branches of international banks do not employ part of the funds deposited in or you are transferring in development projects or grant loans to promote projects various Iraqi, so form a rival Iraqi banks and not supportive. "
and saw Hassoun, that "any citizen or Iraqi businessman can not open an account in any of the bank branches world should welcome this, "pointing out that" policy so as to prevent it came to the implementation of not only personal interests. " He criticized the financial expert, "Procedures for the CBI," accusing him of being "granted licenses to branches of international banks without forcing the implementation of a number of businesses that serve the country, such as loans and establish projects that registered a negative point against it."
In Iraq, there six foreign banks, most notably Bank Standard Chartered, which opened in November of 2013.