Sabri Iraqi banking conference opens - Lebanese asserts: We have seven branches of Lebanese banks an

Sabri Iraqi banking conference opens - Lebanese asserts: We have seven branches of Lebanese banks and requests to open more

04/25/2014



Central Bank Governor Abdul-Basit Turki during the opening conference of the Iraqi banking - Lebanese
Inaugurated the Iraqi Central Bank Governor Abdul-Basit Turki newborn, on Friday, the conference of the Iraqi banking - Lebanese will continue for two days, and among that there are seven branches of the Lebanese banks in Iraq, confirmed the existence of requests for the opening of branches of other banks Lebanese, while pointed governor of the Bank of Lebanon Lebanese banks to seek to invest in Iraq and the expansion of the open branches.A statement by the Information Office of the Central Bank of Iraq and received a (long-Presse), a copy of "The Iraqi Central Bank Governor Abdul-Basit Turki inaugurated the conference of the Iraqi banking - the Lebanese, who will continue on 25 and 26 this April in the presence of Central Bank Governor Riad Salameh as well as figures banking The economic of both countries. "

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The statement quoted Turki as saying that "the conference, which was a collaboration with a group of the Lebanese economy and business came to light of the successes of the previous Dubai Conference," noting that "Iraq and Lebanon Mhaian completely because the longer pioneers in this area."

He Turki said in the statement that "the central bank realizes the size of responsibility and realize places weakness in the Iraqi banking sector and sources of strength so it is determined completely on to continue in this direction," he said, adding that "the Lebanese banks that have opened branches in Iraq, which has become more than seven, have a positive impact on the reality of the Iraqi economy. "

He noted the central bank governor to "the presence of other requests from Lebanese banks in order to open branches in Iraq," pointing out that "Iraq welcomes those branches provided an emphasis on the nature of the classification, which gives these banks in the country already, in order to be branches open in Iraq branches serious and efficient and can also be transferred to Iraq this efficiency to the work of the Iraqi banking. "

He said the governor of the Iraqi Central Bank that "the Iraqi government and the Iraqi Central Bank are keen to embrace the latest banking technology in all Iraqi state banks, whether private or governmental organizations in order to provide the best banking services to the citizens."

For his part, Central Bank Governor Riad Salameh that the "Lebanese banks strive to create good opportunities to invest in Iraq through the expansion of open branches in this country."

The statement quoted the Chief Executive Officer of the economy and business Raouf Abu Zaki as saying that "there is an ongoing activity of Lebanese banks in Iraq, because they are looking for an opportunity in the Iraqi market, there is also a chance for the development of the Iraqi economy through support for Lebanese banks to him," adding that "the policy CBI was positive and prompted the Lebanese banks and the Lebanese companies to enter the Iraqi market with full force. "

The Iraqi Central Bank revealed, on the fourth of April 2014, the opening of 15 branches of the banks, Arab or foreign country during the last three months of 2014, the current, as a result of his policy of openness to the world, noting that pulling off one branch of the Arab bank for violating the conditions laid down in laws.

The governor of the Iraqi Central Bank and the Agency, Abdul-Basit Turki, had threatened during a financial conference held in Dubai, two months ago, the withdrawal of licenses of five banks operating in Iraq (unspecified), unless they increase their capital.

It consists of the banking system in Iraq from 43 banks, as well as the central bank, and are distributed according to government ownership between seven and 30 waged, including seven Islamic, as well as six foreign banks.

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