Tuesday, June 19, 2012
Abdul Hadi al-Hassani: open branches of domestic banks is a good step to support the private banks
Count former MP Abdul-Hadi al-Hassani, the decision to allow banks to open branches of civil in all governorates of Iraq a good step in the support and development of private banks.
He said al-Hassani (of the Agency news) on Monday that the government banks are unable to perform its duty to banking services such as banking facilities and other effects due to long period of time for the world and being of the evolution of modern global banking.
He pointed to the importance of attention and focus on the private banking sector by providing financial and logistical support to be able to carry out the tasks of modern banking and help the State in the provision of loans, bank guarantees and things that benefit the citizen.
Hassani said that central bank's decision to allow multiple branches to domestic banks in all governorates of Iraq is a good step aimed at the development of the banking system and economic development in the country because it will reduce the momentum of the state banks through loans and other services.
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