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Member of the parliamentary Finance: creation of a development bank shareholder would serve the coun

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Hkp1
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Member of the parliamentary Finance: creation of a development bank shareholder would serve the coun

Post by Hkp1 on Sun 05 May 2013, 1:29 pm

Member of the parliamentary Finance: creation of a development bank shareholder would serve the country's economic sectors


05 August 2013 1: 18 pm Last updated: 05 May 13 1: 18 pm


Member
of the Finance Committee suggested MP/iraqiya Hassan Salman Al-Bayati, a
Development Bank established a joint contribution from the public and
private sectors to be able to provide financial support for the economic
sectors in the country.

He said Al-Bayati (News Agency): that
Iraq needed to establish a Development Bank joint webadarh contributor
of the public and private sectors to provide financial loans for vital
economic sectors for the purpose of training and advancement.

He
pointed out: the current banks and branches are unable to contribute to
the economic development of the country, through the granting of loans
and banking facilities to investors, because the capital is small and
lacks the most basic types of modern banking technologies.

The
banking system in Iraq consists of forty-three banks as well as the
Central Bank and distributed by property (7) and banks (30) my family
including Bank (7) in addition to Islamic banks (6) foreign banks/ended

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