{Economic: Euphrates News} The Director General of Rafidain Bank chaired the agency Maher Hussein Rashid, today, Sunday, the meeting of the Committee of Procedure of Government Banks at the headquarters of the Ministry of Finance.
A statement by the bank, a copy of which was received by {Euphrates News}, said: “The meeting included the Director General of the Legal Department in the Ministry, Mohammed Hamza Mustafa and all general managers of government banks and the presence of representatives of the Central Bank of Iraq.”
He added, “The meeting witnessed the completion of discussing the procedures, mechanisms and amendments to the draft internal regulations of government banks and the contents of the proposals and ideas submitted by those present at the meeting and in accordance with the directions of the Ministry of Finance and the Central Bank of Iraq.”
During the meeting, Rachid stressed “the need to develop the banking system and the role of corporate governance in improving banking performance to achieve sustainable development and digital transformation of banking operations, enhance modern methods, keep pace with advanced technology and technologies, update the requirements of modern banking business away from routine and bureaucracy, leaving paper transactions and reliance on electronic systems in banking.”
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