President of the Association of Private Banks: The strategy of the Central Bank has overcome difficulties in front of banks
The President of the Association of Iraqi private banks, Wadih al-Hanalal, that the strategy of the Central Bank of Iraq 2016-2020 has a great depth and helped to overcome difficulties in the work of banks.
“The central bank’s strategy for the years 2016-2020 has a very deep depth, which reflected positively on the work of banks and put difficulties in front of him,” said Al-Hantal in his speech during the session of “Investment Partnership” within the forum of investment and reconstruction opportunities in Iraq. “The Central Bank applies the recommendations that come out of the conferences in addition to visions of the World Bank.”
He pointed out that “the Central Bank introduced the follow-up department and had a significant impact in the implementation of its decisions, which reflected positively on the banking sector.”
He pointed out that “the visit of the Bahraini banks to Iraq has not occurred since 1980 and has opened important doors and we hope that the Bahraini banks to be correspondent banks.”
He pointed out that “the Central Bank is the strategic partner and the big tent of the banks and because of its directions, Iraqi banks have international accounting standards in addition to the implementation of the requirements of the global financial system.”
He noted that “the Association of Iraqi private banks trained 1800 people to the best international standards, in addition to training the youth through the course of empowerment and employment in the banking sector.”
“For the first time, banks have participated in community initiatives, and the initiative of Baghdad to rehabilitate 20 fields has been funded by the private banking sector as well as the initiative support fund.” Source