Economic Committee member favors small banks integrating; Ensures survival and economy

Posted by on Nov 11, 2013 | Leave a Comment

10-11-2013 04:41 AM
Baghdad (newsletter). He welcomed the Economic Committee member MP/Kurdish Alliance/j. shankali, the idea of integration of small private banks to ensure their survival and to compete for the global economy.

Said shankali (News Agency): small banks to merge and make it a giant step good serve investors who need large sums to support their projects that small banks cannot provide them with limited capital funds.

He added: the issue of merging banks shall for a particular Act, but by the Bank itself and what call for him small interest to the fact that private banks eligibility Hussein himself, noting that the banks will merge their great potential and greater capital not reward projects.

The relevant banking specialists emphasized that developed countries currently seeking to establish giant banks through banking establishments to serve as top players in the field of banking

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