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Chalabi: Iraqi banks are moving to expand their participation in development


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Chalabi: Iraqi banks are moving to expand their participation in development

Post by rocky on Sun 09 Mar 2014, 5:24 am

Chalabi: Iraqi banks are moving to expand their participation in development

8/3/2014 0:00

After won the confidence of international banks
Baghdad Yasser incumbent
was able to Iraqi banks to get facilities from foreign banks on the subject of letters of credit and letters of guarantee opposite and gain confidence in dealing with investment in the country. attributed the President of the Association of private banks Adnan Chalabi to the banks to promote their capabilities banking through application of international standards and requirements (Basel 1.2), referring to cooperate Central Bank in this regard and what made ​​it possible to achieve the results mentioned. pointed Chalabi, in a speech to businessmen in Dubai conference organized by the Central Bank recently in coordination with the National Investment Commission that the technical capabilities of high Experts Iraqi banks that have provided through their participation and attendance of meetings of banking organizations of Arab and international, regional and bring them to the research and studies sober born convictions positive with international banks Bkivaouathm, abilities and experience and provided them also training opportunities have increased their expertise. Chalabi has promised the results achieved as a response to some criticism of the banking sector He stressed the need for laws dolly for the role required in the process of investment and development. Turning Chalabi to the role of banks in supporting the programs of monetary policy of the central bank in the area to stabilize the market by maintaining the exchange rate and control inflation. said at the conclusion of his speech that the Iraqi banking sector is heading now about playing a prominent role in the field of investment and support investors by lending to various sectors of the economy, industrial was or agricultural or service or real estate or business. called the president of the Association of private banks in Iraq to the need to maintain the international reputation gained by the banks through the clarity and confidence in the deal and follow international standards with the aim of sustainability successes.

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