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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


    Economic centre: Iraqi banks without global standards and virtually closed to external communication

    Hkp1
    Hkp1
    Hkp1
    Interacting Investor
    Interacting Investor


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

    Economic centre: Iraqi banks without global standards and virtually closed to external communication Empty Economic centre: Iraqi banks without global standards and virtually closed to external communication

    Post by Hkp1 Thu 14 Feb 2013, 7:11 pm

    Economic centre: Iraqi banks without global standards and virtually closed to external communications


    Published: 1: 21 pm, February 14, 2013 by ipa 2

    Baghdad
    (IBA). Chief economic Daraghma Media Center Mohammad Ali, the banking
    business in Iraq without global standards and lacks the large capital
    and foreign contacts, explaining: there are companies working in banking
    capital is greater than the current banks capital.

    He said in a
    statement to the independent press agency (IBA). "Current banks operate
    small capital and limited capacity and the absence of international
    conventions for absence of sedate in their performance and cannot be
    developed individually, adding: the ways of development for Iraqi banks
    depends on friction with foreign banks extended and its contracts with
    global partnerships. "

    The development of banks depends on "a
    plan for the development and activation of credit mechanisms in addition
    to activating mechanisms reduce safeguards and increase the possibility
    of granting loans from private banks, adding to that the Venus Flytrap
    investment through the granting of loans to Iraqi industrialists and
    investment projects coming from abroad and do external communications".

    "Now
    banks virtually closed the procedure and would not benefit from the
    amounts deposited with it as safe as Treasury deposits lower interest
    rates kthasal applicant that is always given credit and loans to
    citizens and potential lending a few possibilities."

    "The Iraqi
    banks can develop only through their involvement with global banks and
    increase their capital, the Central Bank imposed capital increase but
    this increase is not enough unless an internationally acceptable levels
    and are currently below international standards."(End)


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