Friday 08/05/2011Economic expert criticizes the failure to keep up banking operations in the modern world
Baghdad, criticized the economic expert, contrary goldsmith inability of banks, Iraqi to attract investors, pointing to the existence of backwardness and clear to keep up banking operations in modern world.
Jeweler said (to the Agency news) today: that the Iraqi banks are unable to attract foreign investors to work on the development of this sector to the lack of sufficient capital for the advancement, confirming the existence of backwardness and clearly in Iraqi banks to keep pace with progress in the world.
He added that the private banking sector in Iraq is restricted to laws and regulations of the Central Bank in the nature of the work of banks, in addition to government regulations that were states not to deal with private banks, which led to obstruct its work.
He called economic expert to repair the structure of banking sector, public debt-ridden and loans that are distributed to citizens.
The Director-General of the Warka Bank Muhammad al-Samarrai was attributed not to open branches of foreign banks to Iraq, for lack of material resources, human and non- the presence of banking relationships abroad.
Samarrai said in an earlier statement (of the Agency news): You may not Iraqi banks to open branches of Foreign Affairs because of the lack of economic resources, human and banking relationships abroad.
The Samurai: The theme of the opening of branches outside of Iraq is to be for the purposes of competitive so it must have the possibilities that are positioned to compete with international banks.
http://www.ikhnews.com/news.php?action=view&id=17693
