Economy News

Central Bank approves the controls of merger and the Union of Banks

The Central Bank of Iraq announced on Sunday its ratification of the controls of the merger of banks.

The Central Bank said in a statement received by “Economy News”, “in the belief of the need to develop and improve services in the banking sector, the Board of Directors of the Central Bank of Iraq on (the merger and the Union of Banks) in its resolution No. 90 of 2019.

The statement said that “the controls included the requirements of merger or union between banks wishing to, as well as the benefits obtained by the merged banks or the United, and the powers of the Central Bank in those operations.

He pointed out that “these controls can be accessed by visiting the website of the Central Bank of Iraq. Source