Saturday, April 14, 2012

Expert: the integration of private banks will support strategic projects

Saturday 04/14/2012

Baghdad (news) .. Proposed banking expert Mohsen Ali small private banks merge to become a solid banks with a capital of a large government banks compete in their work.
Ali (of the Agency news) on Saturday: The process of the Federation of small private banks with a capital little among themselves during the current period has become necessary to be prudent banks compete with government banks in support of strategic projects of the country.
He pointed to: that most private banks earn little money and has no actual contributions in the investment process of the country, calling for promoting the integration of private banks to become big benefit of the country in the distribution of loans and advances to citizens and other projects.
The expert banking: the importance of activating the private sector in all fields, especially the private banks to take their role in building and reconstruction of the country through the encouragement and support, and make the Iraqi economy, free market economy depends on the private sector in all economic fields, and free them from the hands of the state. / Finished / 8 . d. Q /

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