Iraq signs a memorandum of understanding with the Federation of Egyptian Banks to develop Egyptian-Iraqi relations

The Iraqi Private Banks Association and the Federation of Egyptian Banks signed in Cairo a memorandum of understanding to develop banking relations between Iraq and Egypt.
A press statement issued by the Association of Iraqi Private Banks, received by Mawazine News, said, “The Association of Iraqi Private Banks signed today, Thursday, a memorandum of understanding with the Federation of Egyptian Banks, in the presence of the Governor of the Central Bank of Iraq, Mustafa Ghaleb, and the Governor of the Central Bank of Egypt, Tariq Amer, in order to establish an effective partnership between The banking sector in the two countries at various banking levels.
According to the statement, the head of the Association of Iraqi Private Banks, Wadih Al-Handal, signed the memorandum, in addition to the head of the Federation of Egyptian Banks, Muhammad Mahmoud Al-Etrebi.
The head of the Association of Private Banks said, “We are pleased with the close cooperation with the Federation of Egyptian Banks, which includes in its membership all banks operating in Egypt, which contributes to strengthening relations and partnership with Egyptian banks,” explaining that “the Iraqi banking sector is making great strides towards leadership, thanks to the bank’s policy The central bank, which now requires openness to all banks in Arab and foreign countries.
Wadih Al-Handal noted that the memorandum of understanding will also focus on establishing joint training programs that include qualifying banking cadres in the two countries, as well as establishing partnerships between Iraqi and Egyptian banks.
On the other hand, the head of the Federation of Egyptian Banks, Mohamed El-Etreby, expressed his happiness at signing the memorandum of understanding with the Association of Iraqi Private Banks.
Al-Etrebi said that the memorandum aims to achieve fruitful cooperation between the two parties in the field of exchanging experiences and knowledge and strengthening banking cooperation in all areas related to digital transformation, governance and banking legislation. Link