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An international expert: ready for the development of the banking sector to be absorbed

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rocky
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An international expert: ready for the development of the banking sector to be absorbed

Post by rocky on Wed 20 Aug 2014, 7:15 pm

An international expert: ready for the development of the banking sector to be absorbed

8/21/2014 0:00

Stressing Iraq's possession of great investment opportunities

Baghdad morning

Chief Executive of Standard Chartered Bank International decaffeinated Wishart that Iraq has investment opportunities are large and this requires the availability of local banks sober able to meet the requirements of these investments .jae it in an interview with him in front of a gathering of experts banks and their directors and members of the Association of private banks in Iraq, and expressed hope that banks beyond civil obstacles that hinder their growth and development.

And on the question of (morning) for areas that can be provided to the banking sector, said Wishart: the way in which managed a weak and need to adopt international experiences in this area by adopting international standards and specifications, declaring his readiness to provide assistance in the training of cadres banking cooperation with the Association to contribute to the the transfer of expertise they have developed.

He said at the conclusion of his speech: We came to Iraq to stay and offer our services to our customers exclusive of international companies that invest in Iraq are not competitors for its banks, but we are working on improving their performance.

It is expected to join Stnadr Bank to the activities of the Association and leading to the development of its relations with international banks.

The head of the Association of Wadih Handal had reviewed in his speech that were started thanks to this initiative and the reality of the banking sector in Iraq, and pointed out that the statistics compiled by the Iraqi Central Bank on the number of branches of private banks has reached 600 branches across the country, indicating that their capital amounting to up to six billion dollars. He sought the Association to achieve partnership with international banks in order to contribute to the development programs and the implementation of strategic projects in the country, also spoke Handal prospects Association where she is preparing to hold a banking conference to discuss the implementation of their decisions Banking Conference first held in Baghdad, what has been implemented from the recommendations of the Conference Iraqi banking Lebanese, which was held recently in Berott.ouhdhar meeting, a gathering of experts and interested banking economists and members of the Association of private banks in Iraq, Mohammed al-Dulaimi, director of banking relationships in a representative of Standard Chartered Bank.

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