Association of Iraqi banks confirm the existence of irregula
Posted: Wed Nov 23, 2011 10:07 amAssociation of Iraqi banks confirm the existence of irregularities in the private banks
Chairman of the Association of Iraqi banks Abdul Aziz Hassoun that “there are disagreements of large private banks suffered because of the reduction of liquidity available to it by the reluctance of many borrowers to bring money to these banks, making it weak in providing the necessary financial liquidity in the establishment of several investment projects.”
He said Hasson, “The failure to provide financial liquidity will hinder the banking business for many of the pressures government in its performance, as well as many problems in the Iraqi investment law which makes the capital the country’s next wary of investment, which is delaying economic growth.”
stressing the need to “be there coordination between the government and the Central Bank to provide guarantees on the work of real refineries so that they can contribute to the financing of investment projects.
“Hassoun said that” many foreign investors and the Arabs confirmed that the investment law as it stands does not encourage investment.
http://bit.ly/rw83py
Chairman of the Association of Iraqi banks Abdul Aziz Hassoun that “there are disagreements of large private banks suffered because of the reduction of liquidity available to it by the reluctance of many borrowers to bring money to these banks, making it weak in providing the necessary financial liquidity in the establishment of several investment projects.”
He said Hasson, “The failure to provide financial liquidity will hinder the banking business for many of the pressures government in its performance, as well as many problems in the Iraqi investment law which makes the capital the country’s next wary of investment, which is delaying economic growth.”
stressing the need to “be there coordination between the government and the Central Bank to provide guarantees on the work of real refineries so that they can contribute to the financing of investment projects.
“Hassoun said that” many foreign investors and the Arabs confirmed that the investment law as it stands does not encourage investment.
http://bit.ly/rw83py