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Central Bank: Iraq suffers from low banking services DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Central Bank: Iraq suffers from low banking services

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Central Bank: Iraq suffers from low banking services Empty Central Bank: Iraq suffers from low banking services

Post by Ponee on Wed Jun 13, 2012 12:14 pm

Baghdad/follow-up to justice-12/06/2012-12: 11 am | Hits: 54

The Central Bank stressed that the country suffers from low per capita average hit banking services to one bank for every 40,000 people and constitutes a significant difference than exists in neighbouring States.

He said the Bank's Deputy Governor Mohammad appearance that the country suffers from the problem of the lack of banking services per capita is low and average branch for each 40,000 inhabitants in surrounding countries per capita is a branch of every 10,000 people ". The Bank's Deputy Governor said that "an increase in the number of bank branches in Iraq a double-edged opening any bank must be coupled with the capital increase because no increase of capital may lead to dependence on deposits of citizens and this danger." The "bankers welcomed the idea as a capital increase will lead to put additional shares in the market and depreciate." According to statistics published by the Ministry of Finance of Iraq recently, there were 25 banks and five Government banks based in Iraq, the most prominent of those five banks: Mesopotamia which has 190 branches in all governorates of Iraq and abroad except in Kurdistan, in addition to Rasheed Bank which owns 150 branches inside and outside Iraq except for Kurdistan, along with REB, agricultural and industrial



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