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Deputy calls for the establishment of specialized banks to support economic sectors | |
| Date: 2012/12/21 10: 05: 17 Friday | [You must be registered and logged in to see this image.][You must be registered and logged in to see this link.] |
| [You must be registered and logged in to see this image.] Baghdad (newsletter) ... Attorney member of the Finance Committee on the Iraqi/coalition/Hassan Al-Bayati, the importance of establishing specialized banks to support economic sectors such as agricultural and industrial development in the country. He said Al-Bayati (News News Agency): that Iraq's banking system has specialized banks as the agricultural and Industrial Bank and real estate but these banks don't take real role and intended to support private sector participation in the development of the national economy, because the underdeveloped legal acts in the country. He noted that the current banking law is underdeveloped and that laws have not kept pace with developments in the modern global banking regulations, and to modify the formula helps to customize or create new banks to support the private sector and the national economy through various agricultural and industrial sectors and real estate. Iraq reportedly has seven state-owned banks and private banks, eight Islamic banks, according to a Central Bank, as the banking sector is dominated by the Rafidain and Rashid banks and Government are currently restructuring in order to repay debt accumulated after years of war and sanctions./finished/8 n. p. [You must be registered and logged in to see this link.] |
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