10/06/13 19: 41: 00 Print
The banking sector in Iraq Member of the Finance Committee in the House of representatives Abdul Hussein Al-yasiri, the banking sector in Iraq, whether Government or private sector is underdeveloped in several things. "
Al-yasseri, saidPUKmedia, Monday 13/6/10, those first, "first backward banking sector share of national development, for reasons beyond the will, in particular, banking law, article 28 of the Banking Act that prohibit investment banks directly.
He added that "the second side and what is important is that the banks in Iraq looking for quick profits and not to go into areas where there are serious not valid contribution in development".
He is a member of the Finance Committee, that "banks in Iraq are divided into two sections, section commercial banks operate in the Bishop short and development banks operating in over that period," he said, adding that "banks in Iraq was timed to work on this basis, commercial banks take the financial aspects of work in many periods."
Al-yasiri, said that "all Iraqi banks did not feature in transaction speed of the current account or savings or deposits to loans and advances is behind in completing work quickly and accurately.
Yaseri, "modern technology came late to the Iraqi banks and is still suffering from a lack of modern technology, these banks are still working by hand, paper and pen.