First of all, all analysts believe that the reason for lending this amount of 100 million euros (115 million dollars) to the Iraqi Trade Bank is because of the strength and strength of the Iraqi bank of government-owned trade, which has assets of about 20 billion dollars and seeks to buy a Gulf bank and on the outskirts of opening a branch in Saudi Arabia After considering plans to buy a commercial bank in Turkey because of the decline of the pound .. But after looking at many of the figures concerning the Iraqi economy and the improvement of the economic situation and political will see that the strength and durability and solidity of the growing economic situation in Iraq is the main reason for the start of the confidence of global banks in the stability of the classification It is not the first loan of this size for the Iraqi Development Bank. However, Will be followed by many mutual loans between the Iraqi banks and international banks, which heralds a reality and a bright future and close to the Iraqi banking movement and the high oil prices, which close to $ 85 per barrel and continue the strength of the Iraqi dinar against the countries And other currencies in parallel with the new and continuing regulations and legislation in the financial sector and economic affairs ..
A - Knowledge of Khalifa
Banking lecturer, researcher and economic writer
SOURCE
A - Knowledge of Khalifa
Banking lecturer, researcher and economic writer
SOURCE