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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Banking expert: opening branches of foreign banks in the country is beneficial and would hurt local

    Hkp1
    Hkp1
    Hkp1
    Interacting Investor
    Interacting Investor


    Posts : 3118
    Join date : 2012-12-19
    • Post n°1

    Banking expert: opening branches of foreign banks in the country is beneficial and would hurt local Empty Banking expert: opening branches of foreign banks in the country is beneficial and would hurt local

    Post by Hkp1 Tue 29 Jan 2013, 10:30 am

    Banking expert: opening branches of foreign banks in the country is beneficial and would hurt local banks


    Date: 29/01/2013 10:45:26 Tuesday



    Baghdad
    (news) .. called banking expert Mohsen Ali, the need to support private
    banks and encouraged to deal with it, instead of going to the opening
    of branches of foreign banks in Iraq because they are overlooked by the
    national economy and will affect the activity of the banking sector.

    Ali
    said (of the Agency news): The experience of opening branches of
    international banks in Baghdad and the provinces useless being limited
    in recent banks are not sober and trying to plunder the riches of the
    country and take over the country's ability to harm the banking sector.

    He
    added: You must support the Iraqi private banking sector with all the
    necessary to be able to promote the investment process through effective
    contribution as a foundation for achieving the country's economic
    development.

    It
    is noted that the banking system in Iraq consists of forty-three banks
    as well as the Central Bank and distributed by property (7) government
    and banks (30) Al Ahli Bank, including (7) Islamic banks, in addition to
    (6) of foreign banks.

    Although
    the Investment Law No. 13 of 2006 has excluded investment in the
    banking sector of its provisions except that the investment in the
    banking sector takes its legal framework based on the legal central bank
    No. 56 of 2004, banks No. 94 of 2004, with a minimum to create a bank
    in Iraq 100     billion Iraqi dinars (ie around 85 million dollars (. / end / 8. n. p /

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