Union of Arab Banks: Rafidain Bank owns the largest financial stocks in the region
News Source:Ali Abd al-Salman
January 25, 2016 10:35
Detection Union of Arab Banks, Sunday, possession of Rafidain Bank "greater" financial stocks in the region and the Arab world with total assets of $ 210 billion.
The Secretary-General of the Union of Arab Banks and Sam Fattouh, during a press conference held by the Association of Iraqi banks with the Union of Arab Banks for the signing of a joint cooperation agreement in the Babylon Hotel in central Baghdad, said that "Iraq does not need the money in order to stimulate economic and banking sector."
Fattouh said, that "Rafidain Bank owns the largest financial inventories in the region and the Arab world, with total assets amounting to $ 210 billion," noting that "Qatar National Bank ranked second with total assets of $ 145 billion."
The Secretary-General of the Union of Arab Banks, that "Iraq needs to develop its human resources and banking business in order to finance the local economy," pointing out that "the Union is working on it after the signing of a joint cooperation with the Association of Iraqi banks Agreement"