Iraqi Banks ~ Director of the Association of private banks: next year will see significant growth of the Iraqi banks

Friday 16/12/2011

Director of the Association of private banks: next year will see significant growth of the Iraqi banks

Baghdad, most likely director of the Association of private banks Abdul Aziz Hassoun that year (2012) will see the growth and development of major Iraqi banks in the light of the development plans set for them.

He said Hassoun told the reporter Agency (news) Friday: that the Iraqi banks government and private made great efforts at the present time to develop its work according to the banking systems of modern and sophisticated technology, the fact that the world is now talking Baltknlogia all fields.

Continues ...read more ..

He pointed out: The private banks began to develop itself to enter modern systems in their work and started hanging from the entities of the financial and increase their capital, This indicates that next year will be the year the activity and a quantum leap in the work of Iraqi banks.

The manager called the Association of private banks to: the need for equality between Iraqi banks (public and private) and the tightening-up and control the work of banks and funds owned by the fact that the data indicate that there is a surplus large financial banks to Off and untapped.

It is noteworthy that at the end of the year (2010), the number of banks operating in Iraq have arrived in (43) banks, including (7) state banks with total capital of First her about (6036) billion Iraqi dinars, as well as for (36) private banks with a total capital up to (202) trillion dinars.

link