Bank: local banks are unable to finance investment projects due to lack of capital
19-04-2013
Baghdad (newsletter). Banking expert said Mohsen Ali, the inability of local banks and branches of the performance requirements of the investment process in the country because of a lack of capital.
Ali (News Agency): the State banks as good and could not cover all the needs of the State as the granting of loans and financial loans as a result of non-fulfilment of ministries and Government departments to pay their debts to the banks.
He noted: the private banking sector owns more than 40 Bank, but most capital limited and unable to contribute to the investment process and the country's economy, making the need to create a contribution of investment banks.
He added: the Iraqi investment environment need solid global banks have high capital to bring investment companies to enter the Iraqi market and to contribute to the development of the national economy./finished/8
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19-04-2013
Baghdad (newsletter). Banking expert said Mohsen Ali, the inability of local banks and branches of the performance requirements of the investment process in the country because of a lack of capital.
Ali (News Agency): the State banks as good and could not cover all the needs of the State as the granting of loans and financial loans as a result of non-fulfilment of ministries and Government departments to pay their debts to the banks.
He noted: the private banking sector owns more than 40 Bank, but most capital limited and unable to contribute to the investment process and the country's economy, making the need to create a contribution of investment banks.
He added: the Iraqi investment environment need solid global banks have high capital to bring investment companies to enter the Iraqi market and to contribute to the development of the national economy./finished/8
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