Bank discusses ‘irrecoverable debts’ Thursday

BAGHDAD / IraqiNews.com: Al-Khaleej Commercial Bank will discuss on Thursday the irrecoverable debts in the Iraqi banking system, which will be attended by representatives of the Central Bank and specialists in the Iraqi economy. “An economic forum “The irrecoverable debts in the Iraqi banking system” will be held tomorrow at al-Khaleej Bank’s Headquarters with the attendance of a group of specialists and economists,” a source told IraqiNews.com. “The irrecoverable debts consider one of the most important problems facing banks now as debtors currently are not able to pay, mainly after several businessmen left the country after the deterioration of security condition,” he explained. “The Iraqi economic system in Iraq seeks to turn from the comprehensive system to the capitalist system, the matter needs a great role of banking loans which consider the main pillar of the economic movement in different industrial, trade and agriculture fields,” he also said. SH (P)/SR 2