An International Bank: Iraq is a market where her Slobber every investor and entrepreneur in the wor

by Hkp1 Thu 04 Jul 2013, 2:43 am

Hkp1: Interacting Investor; Posts : 3118
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Post n°1

An International Bank: Iraq is a market where her Slobber every investor and entrepreneur in the wor

by Hkp1 Thu 04 Jul 2013, 2:43 am

An International Bank: Iraq is a market where her Slobber every investor and entrepreneur in the world

Author:
Editor: BK, RS
13/07/03 19: 36

Range/Baghdad

I returned the global financial institution, said Wednesday that Iraq is a "drips her saliva" every investor and businessman, while the International Monetary Fund, predicted that Iraq achieves growth of nine percent in 2013, the International Energy Agency said that Iraq will contribute 45 percent of the world oil supply during the current decade, to become the second source of oil in the world during the 1930s the second millennium.

This came in the wake of fears expressed by some quarters of the global financial and economic, market entry, and criticism of the American City Bank Citibank, which had opened a branch in Baghdad, (24 June 2013), can face some difficulties as a result of recent violence rates Azad, "a war-torn country, with rates of administrative corruption could lead to" serious "legal risk, according to Fox News, space in a report published on its website, and updated (range Press).

Space, quoted President sansar Sansar Capital, capital asset management, Sanjay Motwani, who invested $ 30 million in Iraq, that Iraq is a "shed her Slobber every investor and businessman", wondering "If the atmosphere in Iraq really dangerous to do business so why does Citibank to go."

Fox News reported that in a time when the u.s. economy to achieve high speed to overcome the speed of Chinese investment, the International Monetary Fund is expected to force Iraqi economy 150 billion US dollars to achieve a growth of nine percent increase from last year's rate of 8.4 percent, "adding that" the International Energy Agency believes that Iraq will contribute 45 percent of the hizat international market oil during this decade, also expects that Iraq will become the second source of oil in the world 1930 's second Millennium 2030 ".

According to us, the net interest margin in Iraqi banks, which measurement basis for banks, is another attraction for foreign banks to operate in Iraq. "

Motwani was also quoted as saying that "the Iraqi loans interest rates generally range from about 12% and deposit interest rates around 4%, which gives a very high profits for banks to 8% compared to 1% to 2% only of the profits of banks loans.

The Financial Times newspaper, quoting a statement of the City Bank, (24 June 2013), it opened an Office in Baghdad, becoming the first US Bank expands services to include Iraq, the pro-peace momentum created in this step to long-term economic opportunities in the oil-rich country.

According to economic analysts, speculation in a US Bank Citigroup, "the expansion of the country's oil sector growth will turn Iraq into one of the largest oil exporters in the world over the next decade and economic powerhouse worth 2 trillion dollars by 2050".

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