Rafidain Bank has the "largest" financial stocks in the region with assets of $ 210 billion

by **Ponee** Sun Jan 24, 2016 4:34 pm

Detection Union of Arab Banks, on Sunday, the possession of Rafidain Bank "largest" stocks Mali in the region and the Arab world with total assets of $ 210 billion, and stressed that Iraq does not need the money in order to stimulate economic and banking sector, while pointing out the need to develop human resources, banking in Iraq.

The Secretary-General of the Union of Arab Banks and Sam Fattouh, during a press conference held by the Association of Iraqi banks with the Union of Arab Banks for the signing of a joint cooperation agreement in the Babylon Hotel in central Baghdad and attended (range Press), said that "Iraq does not need the money in order to stimulate economic and banking sector."

Fattouh said, that "Rafidain Bank owns the largest financial inventories in the region and the Arab world, with total assets amounting to $ 210 billion," noting that "Qatar National Bank ranked second with total assets of $ 145 billion."

The Secretary-General of the Union of Arab Banks, that "Iraq needs to develop its human resources and banking business in order to finance the local economy," pointing out that "the Union is working on it after the signing of a joint cooperation with the Association of Iraqi banks agreement."

The Association of Iraqi banks announced on Sunday, signing a cooperation agreement with the Union of Arab Banks for the development of human resources, and called for the legislative and executive authorities to capitalize on this collaboration for the development of the banking sector, and with Union revealed the existence of preparations for the convening of an economic forum in Iraq to attract investors, expressed its readiness to provide assistance for the establishment of the Iraqi Association of banks.

http://goo.gl/jalrez