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Expert stresses the importance of the amendment to article 28 of the General Banking Act
Author: The future of Iraq
15/01/2013 12:00 am
BAGHDAD / future Iraqi
Economic
expert said Saif Hilfi importance of amending Article 28 of the General
Banking Act to support investment in the Iraqi banking sector, calling
for the need to strengthen relations with Arab banks for the advancement
of local banks.
Hilfi said in a press statement yesterday, said
that private banks could play a major role in the economic development
through the establishment of a fund for lending to private investment
projects in the country, because it has a high potential and helps
capital.
He added that the federal government claim the support
of the banking sector in terms of amending the laws, especially Article
28 of the General Banking Law direct investment to the banking sector to
allow it to enter the investment sector to contribute to the
development of the country's economy.
He pointed out that an
important Arab support for the banking sector through the promotion of
cooperation between the Iraqi and Arab banks, particularly the Lebanese
to open letters of credit in particular, because the Lebanese banks have
a great desire to deal and cooperate with Iraqi banks.
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Author: The future of Iraq
15/01/2013 12:00 am
BAGHDAD / future Iraqi
Economic
expert said Saif Hilfi importance of amending Article 28 of the General
Banking Act to support investment in the Iraqi banking sector, calling
for the need to strengthen relations with Arab banks for the advancement
of local banks.
Hilfi said in a press statement yesterday, said
that private banks could play a major role in the economic development
through the establishment of a fund for lending to private investment
projects in the country, because it has a high potential and helps
capital.
He added that the federal government claim the support
of the banking sector in terms of amending the laws, especially Article
28 of the General Banking Law direct investment to the banking sector to
allow it to enter the investment sector to contribute to the
development of the country's economy.
He pointed out that an
important Arab support for the banking sector through the promotion of
cooperation between the Iraqi and Arab banks, particularly the Lebanese
to open letters of credit in particular, because the Lebanese banks have
a great desire to deal and cooperate with Iraqi banks.
[You must be registered and logged in to see this link.]
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