Iraqi Banks and Chapter 7 ~ Director of the Industrial Bank of Iraq: from financial sector item VII granted freedom to deal with global banks ...

Friday, 16-12-11

Director of the Industrial Bank of Iraq: from financial sector item VII granted freedom to deal with global banks

Baghdad, Industrial Bank Director General stressed, Mohammed Abdel Wahab on the need to ensure freedom from restrictions item VII which yrskh Iraq under it.

He said Abdel Wahab (News Agency news) Friday: secure exit from financial sector item VII granted more freedom in dealing with the World Bank, as well as reduces costs to all industrialists, shortening the steps the mediators and the attendant additional cost, and dealing with global banks have directly and more credible.

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Abdul Wahab said: the problem of the banks and the banking sector is the seventh item paragraphs selections present deal with local banks, where confiscated funds traded internationally, indicating the possibility of adopting all global banking systems in General, our banks are involved in developmental courses in associate all alakhtsasat to increase the efficiency of banking executives, and stand on the latest findings of the global banking sector and its work and its dealings.

The Industrial Bank to provide loans to a large number of industrial projects with a view to activating production in most local industries.

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