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Comprehensive banking axis activity in which Lebanese banks
6/16/2014 0:00
Francois Bassil: Capital Market in Iraq and promising
BAGHDAD - morning
focus Lebanese banks efforts to expand its banking system in Iraq due to Maatmtlleke Iraqi financial market promising an attractive investment environment, particularly as it is known to the businessmen of Lebanese and experience of successful always there.
d. Francois Bassil president of the Association of Banks in Lebanon made the talking this in front of officials of the monetary authorities and a group of businessmen representing the heads of the boards of directors of banks in the two countries Seizing the opportunity of the forum Iraqi banking Lebanese organized by a group of Economics and Business recently in Beirut and the halls of hotel Movenmbek the end of April last year.
Due to the importance of banking relations between the Association of private banks in Iraq and the Association of Lebanese banks in expanding cooperation and development wanted the morning felt the spotlight on this conversation and its importance in the current phase.
looking forward d. Francois to achieve two main objectives pour into the expansion of banking services for the benefit of the two countries, said Kadikon size of our banks operating in Iraq small compared to the magnitude of the Iraqi market at the current stage and there is openness and expansion of another Lebanese banks in Iraq, and that it will lead to service customers traditional and new efficient and competitive legitimately pointing out that the state of competition in Lebanon are the same in all the countries where we operate and the more than thirty countries.
believes also that the possibility of Lebanese banks to contribute to the development of the banking market of Iraq and in the three areas, the development of techniques banking business in Iraq, including systems work and systems and branch network covering parts of Iraq's vast compared to the size of Lebanon based on an area of ten thousand square kilometers.
either second area relates to the development and modernization of banking services many needs of the Iraqi market, which we launched it and talk is still to Francois in our conversations with the monetary authorities of Iraq, The term comprehensive banking, which includes lending of all kinds and the issuance of letters of guarantee and credit cards and payment instruments Kalthaoal to and from Iraq and services for correspondent banks and install the documentary credits, hinting saying we are seeking to actually develop banking relationships not only within Iraq but rather between Iraq and abroad, and what leads to the actual contribution to the development of Iraqi economy in various sectors of the most promising in the re-Aamarotttaiwir infrastructure of the country. aims third area to prepare the banking cadres qualified enough and loud where he sees Francois that the success of the banking business is based in a balanced manner on the administration and regulation on the one hand, and on the efficiency of workers on the other hand, noting that groups Full of Iraqi bankers receive their training at the headquarters major Lebanese banks.
confirmed at the conclusion of his speech that banks Lebanon did not go to Iraq to engage in a bidding foreign currencies but for comprehensive banking service of the Iraqi economy and the market and for what is kept and much deeper than tenders transient and limited and temporary .
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6/16/2014 0:00
Francois Bassil: Capital Market in Iraq and promising
BAGHDAD - morning
focus Lebanese banks efforts to expand its banking system in Iraq due to Maatmtlleke Iraqi financial market promising an attractive investment environment, particularly as it is known to the businessmen of Lebanese and experience of successful always there.
d. Francois Bassil president of the Association of Banks in Lebanon made the talking this in front of officials of the monetary authorities and a group of businessmen representing the heads of the boards of directors of banks in the two countries Seizing the opportunity of the forum Iraqi banking Lebanese organized by a group of Economics and Business recently in Beirut and the halls of hotel Movenmbek the end of April last year.
Due to the importance of banking relations between the Association of private banks in Iraq and the Association of Lebanese banks in expanding cooperation and development wanted the morning felt the spotlight on this conversation and its importance in the current phase.
looking forward d. Francois to achieve two main objectives pour into the expansion of banking services for the benefit of the two countries, said Kadikon size of our banks operating in Iraq small compared to the magnitude of the Iraqi market at the current stage and there is openness and expansion of another Lebanese banks in Iraq, and that it will lead to service customers traditional and new efficient and competitive legitimately pointing out that the state of competition in Lebanon are the same in all the countries where we operate and the more than thirty countries.
believes also that the possibility of Lebanese banks to contribute to the development of the banking market of Iraq and in the three areas, the development of techniques banking business in Iraq, including systems work and systems and branch network covering parts of Iraq's vast compared to the size of Lebanon based on an area of ten thousand square kilometers.
either second area relates to the development and modernization of banking services many needs of the Iraqi market, which we launched it and talk is still to Francois in our conversations with the monetary authorities of Iraq, The term comprehensive banking, which includes lending of all kinds and the issuance of letters of guarantee and credit cards and payment instruments Kalthaoal to and from Iraq and services for correspondent banks and install the documentary credits, hinting saying we are seeking to actually develop banking relationships not only within Iraq but rather between Iraq and abroad, and what leads to the actual contribution to the development of Iraqi economy in various sectors of the most promising in the re-Aamarotttaiwir infrastructure of the country. aims third area to prepare the banking cadres qualified enough and loud where he sees Francois that the success of the banking business is based in a balanced manner on the administration and regulation on the one hand, and on the efficiency of workers on the other hand, noting that groups Full of Iraqi bankers receive their training at the headquarters major Lebanese banks.
confirmed at the conclusion of his speech that banks Lebanon did not go to Iraq to engage in a bidding foreign currencies but for comprehensive banking service of the Iraqi economy and the market and for what is kept and much deeper than tenders transient and limited and temporary .
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