Great Expectations: Growth of domestic banks projected to more than 20%

Posted by on Apr 13, 2014 | Leave a Comment

BAGHDAD / JD / .. predicted association of private banks, increase the rate of growth of domestic banks during the current year to more than 20% increase in light of the public’s demand to deal with the push towards raising the level of their capital.

The executive director of the Association Abdul Aziz Hassoun told / JD /: “The banking activity continuously his performance in spite of the circumstances and the crises that beset the country, whether political or security, because an important role in the recycling of funds and support economic processes and moving the wheel of development.”

He added: “The quarterly report of the activity of private banks during the first three months of this year indicates the presence of positive results in the growth rate of private banks with a large turnout by citizens to handle and this is evidence of increased confidence and the culture of the citizens.”

He said: “The rate of growth of domestic banks in the past year was (20%), but in light of the growing trade and banking activities may increase to more than 20% during the current year.” / Finished

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