Director of the Association of private banks: next year will see significant growth of the Iraqi banks
On: Sun 12/18/2011 20:20
Star Kenya - Kenya's
most likely director of the Association of private banks Abdul Aziz Hassoun that year (2012) will see significant growth and development of Iraqi banks in the light of the development plans set for them. Hassoun said in a press statement that the Iraqi government and banks for making great efforts at the present time to develop its work according to modern banking systems and advanced technology, the fact that the world is now talking to technology in all fields. He pointed out that private banks began to develop itself in the introduction of modern systems of work and started hanging from the financial entities and increase their capital, and this indicates that the coming year will be the year the activity and a quantum leap in the work of Iraqi banks. And called on the Director of the Association of private banks to the need for equality between Iraqi banks (public and private) and the tightening-up and control the work of banks and funds that owned the data indicate that there is a substantial financial surplus of the banks and the idle is invested. It is noteworthy that at the end of the year (2010), the number of banks operating in Iraq has reached (43) banks, including (7) state banks with a total capital of about (6036) billion Iraqi dinars, as well as (36) with a total capital of private banks up to (202) trillion dinars.
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