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President of the Association of private banks underlines the importance of the partnership between the Iraqi and Turkish banks
Sunday 05/03/2015 8:08
The head of the Iraqi private banks association, Wadih Nuri al-Handal, the importance of partnership between Iraqi banks and the Turkish counterparts, for the development of economic relations between the Albuldan.oamahd bitter melon in his speech for the "Iraq today" about the importance of this partnership, with reference to the following:
" The Iraqi banks were strongly present in the investment opportunities in the Iraq conference which concluded in Istanbul recently, and was sponsored by the Turkish Foreign Economic Relations Board, and the Iraqi Council of Business Turkish, and with the broad participation of businessmen Turks and Iraqis, "and we go to the last part of the boot, which stated: "The conference is an important event for Turkey and Iraq as part of their quest to activate the economic and sectoral relationships, and raise the pace of trade exchange between the two .. from $ 14 billion currently, which exceeded the threshold of 20 billion dollars", and Tjzv next Handal words in Lake reasons for this partnership, according to his vision: "The conference found that a very large available investment opportunities in Iraq, and must be that the banking sector in both countries leads a role in the development of bilateral relations", and disclosed Handal us also about the vision of a global financial institutions, stressed the importance of the Turkish banking Iraqi cooperation: "The sector session banking in the conference which was chaired by the Director of Finance at / Ashe / Bank, in the presence of a number of relevant officials in the two countries, addressed the possibility of cooperation between Iraqi banks and the Turkish counterparts, especially if there is the desire of the recent increase in activity in the Iraqi market. "He also stressed Handal" the importance of documentary credits issued to the outside of the Commercial Bank of Iraq, and in excess of $ 100 billion, while financing the bank to the private sector amounted to more than two billion dollars ", and the responses of the Iraqi banking sector institutions so, we read:" The Director General of the Bank of dry Hamdiya that participated in the session , willingness of the bank to provide support to the productive sectors through soft loans, with reference to the initiative issued by the Central Bank of Iraq confirmed, whereby allocated to support the private sector for the first time, in order to encourage lending market, "As for the vision of the Central Bank, has said Handal:" The CBI, called to benefit from the successful experience in supporting small and medium-sized projects carried out by the Iraqi Company for Bank Guarantees by lending a total of $ 120 million ", and how to take advantage of the role of Turkish banks in the world of Iraqi money, it was suggested Handal with as emphasis: "the need to encourage large Turkish banks, to be a correspondent of Iraqi private banks, and the Iraqi government, to take advantage of Iraqi private banks services in business dealings with Turkey, while encouraging the owners of Turkish projects to deal with, especially in light of the need to activate the role of private banks through the issuance of letters of credit for Iraqi importers, directly, without the mediation of government banks ", has further proposal following Handal to also stressed" the importance of the participation of Iraqi private banks association, for the first time in the economic development process in the country, especially in light of the financial distress caused by the decline in oil prices ", and preparations Association each foregoing mentioned, seal Handal:" The Association has developed its strategy and new goals, taking into account the developments in the relevant sectors, variables, and how to cope with the modern concepts of the economy, and build strong relationships with the Iraqi Central so as to encourage initiatives in support the private banking sector. "
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Sunday 05/03/2015 8:08
The head of the Iraqi private banks association, Wadih Nuri al-Handal, the importance of partnership between Iraqi banks and the Turkish counterparts, for the development of economic relations between the Albuldan.oamahd bitter melon in his speech for the "Iraq today" about the importance of this partnership, with reference to the following:
" The Iraqi banks were strongly present in the investment opportunities in the Iraq conference which concluded in Istanbul recently, and was sponsored by the Turkish Foreign Economic Relations Board, and the Iraqi Council of Business Turkish, and with the broad participation of businessmen Turks and Iraqis, "and we go to the last part of the boot, which stated: "The conference is an important event for Turkey and Iraq as part of their quest to activate the economic and sectoral relationships, and raise the pace of trade exchange between the two .. from $ 14 billion currently, which exceeded the threshold of 20 billion dollars", and Tjzv next Handal words in Lake reasons for this partnership, according to his vision: "The conference found that a very large available investment opportunities in Iraq, and must be that the banking sector in both countries leads a role in the development of bilateral relations", and disclosed Handal us also about the vision of a global financial institutions, stressed the importance of the Turkish banking Iraqi cooperation: "The sector session banking in the conference which was chaired by the Director of Finance at / Ashe / Bank, in the presence of a number of relevant officials in the two countries, addressed the possibility of cooperation between Iraqi banks and the Turkish counterparts, especially if there is the desire of the recent increase in activity in the Iraqi market. "He also stressed Handal" the importance of documentary credits issued to the outside of the Commercial Bank of Iraq, and in excess of $ 100 billion, while financing the bank to the private sector amounted to more than two billion dollars ", and the responses of the Iraqi banking sector institutions so, we read:" The Director General of the Bank of dry Hamdiya that participated in the session , willingness of the bank to provide support to the productive sectors through soft loans, with reference to the initiative issued by the Central Bank of Iraq confirmed, whereby allocated to support the private sector for the first time, in order to encourage lending market, "As for the vision of the Central Bank, has said Handal:" The CBI, called to benefit from the successful experience in supporting small and medium-sized projects carried out by the Iraqi Company for Bank Guarantees by lending a total of $ 120 million ", and how to take advantage of the role of Turkish banks in the world of Iraqi money, it was suggested Handal with as emphasis: "the need to encourage large Turkish banks, to be a correspondent of Iraqi private banks, and the Iraqi government, to take advantage of Iraqi private banks services in business dealings with Turkey, while encouraging the owners of Turkish projects to deal with, especially in light of the need to activate the role of private banks through the issuance of letters of credit for Iraqi importers, directly, without the mediation of government banks ", has further proposal following Handal to also stressed" the importance of the participation of Iraqi private banks association, for the first time in the economic development process in the country, especially in light of the financial distress caused by the decline in oil prices ", and preparations Association each foregoing mentioned, seal Handal:" The Association has developed its strategy and new goals, taking into account the developments in the relevant sectors, variables, and how to cope with the modern concepts of the economy, and build strong relationships with the Iraqi Central so as to encourage initiatives in support the private banking sector. "
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