More news from today ! ... Looking Good! ~ The Minister of Finance Baqir Jabr Al-Zubaidi new branch of the Iraqi Trade Bank in the International Zone in Baghdad
Monday, October 25, 2010
Financial Commercial Bank of Iraq opens in Baghdad's Green Zone
السومرية نيوز/ بغداد Alsumaria News / Baghdad
Was opened by the Iraqi Finance Ministry, on Monday, Commercial Bank of Iraq in the Green Zone, the overall technology of the banking system, saying it was going to open other branches of the bank outside the country.
The Iraqi Finance Minister Baqir Jabr Al-Zubaidi on the sidelines of the opening of the bank, in an interview for "Alsumaria News", "It is today the opening of the Commercial Bank of Iraq, in Baghdad's Green Zone, to provide services to the embassies in the region, entrepreneurs and foreign investors to transfer money to and from the Iraq, "noting that" the bank capital of around U.S. $ 500 million. "
It promised that "the Bank boasts the banking system overall, which is not available in the rest of government banks and even the civil of them," noting that "the aforementioned technology will allow the citizens the possibility of withdrawing the amounts they need from any branch of the bank in Baghdad or other Iraqi provinces, as that would speed up the arrival of remittances from abroad and vice versa within 24 hours "as he put it.
He noted that al-Zubaidi "Next year will see the direct application of the destruction in Iraqi banks all," noting that "the Commercial Bank of Iraq's six branches in Baghdad alone, and six in the other provinces, will open the ministry soon other branches of the bank outside the country in all of London, Beirut and Amman" .
For his part, said Adviser to the Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge in an interview for "Alsumaria News", "Iraq has started to make significant steps towards the development of Iraqi banks, through the introduction of technology of the destruction in its banks," noting that "Iraq has attracted and still attracts a lot of investment companies that need to banks to meet their financial needs. "
The Anbuge "The Iraqi government is serious about developing all the other government banks and the introduction of best banking technologies in their programs, including the banking system overall, to be among the factors attracting foreign investment in the future."
For her part, Branch Manager Commercial Bank of good firm, "The Commercial Bank of Iraq is one of the banks developed that can deal with international banks to use new technologies, as well as to include service transfers and the large opening credits, and deposits all kinds."
The Iraqi banking system has not kept pace with development in the work of international banks, has been linked is through the use of telephones and fax machines, and is not using the Internet in banking until 2004, and The Ministry of Finance to the development banks associated with them by resorting to the introduction of modern technologies to facilitate internally and with banking abroad.
http://www.alsumarianews.com/ar/1/12811/news-details-.html
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