Expert: the stock market is not encouraging and small banks will disappear when entering the big banks
بتاريخ : الأربعاء 29-02-2012 01:04 مساء On: Wednesday 02/29/2012 13:04

Baghdad (news) ..
According to financial expert, Abdul Sattar al-Bayati, that the work of the stock market is not encouraging despite the entry of new technology, likely withdrawal of small banks in the event of entry of banks merged with large amounts of capital.

Bayati said (of the Agency news) said on Wednesday: The stock market in Iraq since (2003) and yet is still not encouraging and the failure in spite of developments in it and the introduction of the technological and the use of Alajhzh electronic because of the vision inadequate for this market and perhaps there is no doubt in his role in the economic development of the country.

He added that investment in the stock market is an investment indirectly through the contribution of corporate development, banking finance, adding that the Iraqi banking sector is unable to perform his role properly in the process of economic development in spite of Iraq was reliably to perform the important role in the economic reform process of the country.

He pointed out: that the Iraqi banks small if not developed itself to possess large sums of money they would withdraw from the stock market in the event of entry of banks large and high capital may be integrated with other global banks because they are not able to compete with these banks.

The proposed al-Bayati: integration with other small banks in order to have a large large amounts of capital through which it can compete with these banks in the trading bank in the Iraqi Stock Exchange. / Finished / 8. D. Q /