Student director of the Association of private banks Abdul Aziz Hassoun, finding a new work plan for banks to develop, stressing at the same time: that the banking policy in Iraq is clear and need to re-examine them.
Said Hassoun: “that all the indicators and results of the Iraqi banks believe that the necessity urgently to find a a new action plan in line with the development of technological talk, in order to develop the work of Iraqi banks, whether governmental or private. The banking policy currently followed in Iraqi banks is not clear and need to reconsider the Kthermen procedures conflicting, which lead to the loss of time and effort and the freezing of funds for banks Iraq since they are in the heart of each economic system in the world”.
The manager called the Association of private banks to: the need for equality between Iraqi banks (public and private) and the tightening-up and monitoring the work of banks and the funds owned by the fact that the data indicate that there is a surplus of large financial banks to disabled and non- invested.
It is noteworthy that at the end of the year (2010), the number of banks operating in Iraq have arrived in (43) banks, including (7) state banks with total capital funds towards the (6036) Mlyardinar Iraqis, as well as (36) private banks totaling capital up to (202) trillion dinars.