Date: Thursday 08/02/2012 09:11:25

Baghdad (news) .. Proposed banking expert Mohsen Ali, the establishment of specialized banks with capital to finance the high investment projects in the country, stressing that the process of investment banks need to meet the needs of solid investor.

Ali (of the Agency news): The Iraqi private banks began to evolve in their work and use modern technology to keep up banking systems world, but they still face challenges by institutions and government departments, which calls for not dealing with private banks, reducing their effectiveness in contributing to the the investment process of the country and the development of the national economy.

He added that the investment process in Iraq need to establish a solid specialized banks to invest to meet the requirements of the foreign investor and which he has imported equipment required in the project, which intends to invest, in addition to the performance of financial dues to the contractors in order to facilitate the work of investors in Iraq.

He pointed out: that the Iraqi banks are those tasks at the present time but is not able to expedite things, consistent investment, so the Egyptian channels will facilitate work on it as a specialized investment.

The banking system in Iraq consists of forty-three banks as well as the central bank and distributed according to ownership between (7) state banks and (30) Bank of my family, including (7) Islamic banks in addition to (6) foreign banks.