CBI puts upgraded Calendar banks to obtain foreign loans2/21

CBI puts upgraded Calendar banks to obtain foreign loans
2010-02-22 09:07:46 2010-02-22 09:07:46

BAGHDAD . He Central Bank of Iraq and put a system of 5 points allowed raising the level of assessment for banks providing quality services, which helped him get the foreign loan.

A source at the bank told the independent press (Iba) on Monday, "It is hoped that the system allows for contracting with the administration and assignment of credits to him by Trade Bank of Iraq, thereby enhancing the contribution of banks to GDP, which is still currently not exceeding 7 per cent."

". The source added "We have been preparing a new system of payments helps to provide advanced banking services to facilitate the treatment after the provisions of Article 28 of the Banking Act which identified some activities are not permitted for private banks and try to correct them to serve the Iraqi economy and the banks."

He noted that "the discussion of electronic banking products, banking and constraints in Iraq, funding mechanisms required for development in the country. Calling for a more vital role to the finance sector and banking activity which is a very important sign, in domestic economic activity."

The source continued, "that of the private sector has an important and vital, particularly in the banking activity in the mechanisms and the introduction of modern methods.

. It should be noted that the Central Bank prepared a law on electronic banking, and submitted to the State Advisory Council for discussion and approval

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