On: Sun 04/15/2012 13:06
Baghdad (news) .. The director of the Association of private banks Abdul Aziz Hassoun that the investment process in Iraq need for channels of specialized banking to investment to meet the needs of the investor deposit the import of equipment required for the projects, and others.
said Goldfinch (of the Agency news) said on Sunday: The Iraqi private banks began to evolve in their work and use modern technology to keep up with systems, international banking, but they are still fighting by the institutions and...government departments, which calls for not dealing with private banks are reducing their effectiveness to contribute to the investment process of the country and the development of the national economy. He added that the investment process in Iraq need to establish channels of specialized banking for investment are meet the requirements of the foreign investor and which he has imported equipment required for the project, which intends to stay, in addition to performing financial dues to the contractors to facilitate the work of investors in Iraq, noting that Iraqi banks are those tasks at the present time, but they are not able to speed up the consistent investment matters, so the channels Egypt will facilitate the work as a specialized investment. He pointed out: that the Ministry of Finance dominates the Rafidain and Rasheed, managers and heads of boards of directors of the banks tied to their work and do not have full authority for the advancement of these two banks and their development, making these two banks is a "store of money for the state." / End / 8. d. Q /
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