Download the Chairman of the «Investment Bank of Iraq» Thamer Sheikhli, the central bank, is responsible for granting non-Iraqi banks spaces required for the promotion of investment opportunities in the labor market.
He said in a statement to «life», that a change to the benefit of investment imposed by the night in the form of an accelerated, the cause of confusion in the investment, ask what the trend towards the labor market, which is suffering as a result of the exceptional situation in the country.
In response to a decision to increase the capital of Iraqi banks, announced Sheikhly capital increase Bank «Iraqi investment» 50 billion Iraqi dinars ($ 41.7 million) to 100 billion, then to 150 billion within a year. He confirmed that he had taken, despite the circumstances prevailing in Iraq, which affected the work of the bank, steps have contributed to the achievement of good indicators of profits and to retrieve an important part of the bad debts, it made a profit in 2010 increased to 15 percent of its capital.
He pointed to achieve a qualitative development in the budget of the Bank and by more than 28 percent over the previous year, as well as increase the volume of banking transactions.
He explained that the bank's new policy in the area of facilities, through the granting of short-maturity loans and benefits instead of certain facilities in the current account, in addition to entering the labor market potentials take into account the circumstances of the country's current and possible attract more opportunities for the bank.
The bank was keen to increase its branch network inside and outside Iraq, taking advantage of the elements of possession of modern technology in automation and human resources.
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