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Union calls for private banks to "integrate" small banks and confirms that the best solution to serv

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rocky
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Union calls for private banks to "integrate" small banks and confirms that the best solution to serv

Post by rocky on Mon 18 Nov 2013, 3:12 am

Union calls for private banks to "integrate" small banks and confirms that the best solution to serve investors and save money


15-11-2013 | (Voice of Iraq) - Add a comment -

BAGHDAD / Press-term
Called the union of private banks today, Banks civil small to merge their assets to make banks "giant" in order to serve investors who need huge funds, and among the banks existing اتسد size of investment operations across the country, confirmed the absence of a special law to "merge" the banks.
The head of the Federation of private banks, Adnan al-Chalabi said in an interview to (range Press), "The work of private banks still need a lot of support not only from the Iraqi government only, but even by the owners of the banks themselves, because some of these banks are still considered small or clog the size of the investment operations in the whole country. "
He said Chalabi that "a possible solution applied at the present time is the integration of those banks and make giant to serve investors who need large sums of money to support projects that can not small banks submitted them to the lack of capital funds," noting that "the subject of integration of banks not subject to a particular law, but according to the bank's policy itself and Matqtadhah of interest and merger will provide them with great potential and capital largest Atjaz the mega projects. "
The number of private banks of 42 banks spread across Iraq and outside the branch network exceeding 500 according to statistics the Association of Banks until the month of June and manages these drains and دائعا for the private sector worth up to 10 trillion dinars. branches and number of employees up to (12000) member, the total recapitalization of private banks operating in Iraq more than 8 trillion dinars,

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