UAB: infrastructure for the banking sector in Iraq ready to receive international banks

[yota691]

UAB: infrastructure for the banking sector in Iraq ready to receive international banks

 

May 4, 2014 10:47   Last Updated: May 4, 2014 10:47

 

 

 

 

Revealed the association of private banks, the capital of private banks in Iraq reached 250 billion dinars for each bank, and as shown that the infrastructure of the banking sector ready to receive international banks, pointed to the existence of "the wishes of the real" of Lebanese banks to open branches in Iraq. Chief Association of Iraqi banks Adnan Chalabi, on the sidelines of the Conference of the Iraqi banking - Lebanese held in Beirut on April 25 to 26 last year, said that "the Iraqi private banks made ​​a lot of achievements in terms of the financial sector or the economic sector in general," noting that it "During the past the last three years has made ​​a quantum leap in increasing the capital and the volume of deposits and credit and money transfer. "according to the newspaper term added Chalabi that "Despite the successes of these banks, but it still suffers from a lack of technological development in banking transactions," calling for international banks, including the Lebanese banks which has branches in Iraq to "devote their efforts largely to reflect the technological development on the Iraqi banks for the advancement of their technology." He Chalabi that "the infrastructure of the banking sector of Iraq is now poised to dramatically reception of international banks to work in Iraq for the benefit of the customer of Iraq," referring to the "It is significant that banks can add real touch on the Iraqi banking sector through the entry of the Iraqi market in the trading Kaltzlev, lending and bank transfer in various ways." revealed Chalabi that "there is the wishes of the real number of Lebanese banks big to open new branches in Iraq because of the market Iraq has become a good market that can be accelerated investment opportunities there where those banks Ptaamladtha different. "

 

[moneysoon]

Morning All,

This is the welcome wagon for international banking in Iraq. Lebanon has been noted to lead the way in doing business in emerging markets. When we get announcements like this, they have already initiated the necessary agreements to roll this out. I am looking next to custodial bank announcements then we will know the time has drawn nigh.

[dinar_millions]

They are fulfilling all obligations for WTO Ascension...

[10 YEARS LATER]

RECEIVE ! RECIEVE ! Getting there - get after it !

[Ms.Bean]

Thanks Yota. Good stuff.

[easyrider]

This is amazing!!!! 

[dontlop]

They are fulfilling all obligations for WTO Ascension...

Good point

I'd like to see the banks coming back on board in dinar exchange now

Thanks yota

I'm amazed at how you constantly find all this good stuff

[RodandStaff]

It's all set Boyz....now "Git-R-Dun"!!!!

Thanks Master Yota!!! ;o)

Edited May 5, 2014 by RodandStaff

[calkid11]

Thank you

[EagleEye]

fantastic find your Yotaness !!

[NextYear]

Looks very promising. This is going to be so surreal when this venture pans out.

Edited May 5, 2014 by NextYear

[TQueezy]

Who woulda thunk, four years ago, that I'd be reading articles like this. It brings a tear to my increasingly watery eyes.

[sandfly]

THANKS