Baghdad (news) praised the Executive Director of the Association of private banks Abdul Aziz Hassoun, a decision the central bank to increase the capital of private banks to (250) billion dinars because the bank's activities is determined by the presence of big capital, indicating that the increase banks' capital necessary in order to have an effective contribution in the development of the national economy. said Hassoun (of the Agency news) on Wednesday: The central bank's decision to increase the capital of banks was three phases, the first issued in March (2010) capital increase to (100) billion dinars for private banks, while the second phase revised upwards to ( 150) billion dinars, and the third phase, which issued recently increased banks' capital to (250) billion dinars. pointed to, said most banks responded to the central bank's decision and has increased their capital except banks a few could not increase their capital, and this will enhance the activity of banks in the investment process and economic development in the country, because the activity of banks in each country is determined strongly capital. was central committed banking sector raise capital funds to more than 250 billion dinars as a condition to respond to the requirements of construction and reconstruction and development, while complaining of private banks from the Financial Action preventing government departments handle.
Read more: [You must be registered and logged in to see this link.]