Central Bank: There is harmony between the Iraqi government and the bank in the process of reforming the banking sector
Central Bank: There is harmony between the Iraqi government and the bank in the process of reforming the banking sector
AM:09:30:14/04/2023
Today, Friday, the Central Bank of Iraq confirmed the existence of a program to restructure government banks, stressing the existence of harmony between the Iraqi government and the bank in the process of reforming the banking sector.
And the media office of the Central Bank stated in a statement that NRT Arabia received a copy of it, that “the governor of the Central Bank, Ali Mohsen Ismail, indicated, during the participation of an Iraqi delegation in the meetings of the World Bank and the International Monetary Fund in the American capital, Washington, that the assets and assets of government banks constitute more than 80%.” of the Iraqi banking sector.
The statement added, “The central bank has a program to restructure government banks and has been working on it for years in cooperation with relevant international organizations, the World Bank and the International Monetary Fund,” stressing “the existence of harmony between the Iraqi government and the central bank in the process of reforming the banking sector.”
He explained, “There are several possibilities related to the restructuring of government banks, as these possibilities depend on the results of analyzes of the financial statements of some banks that have the problem of final accounts,” adding that “all possibilities involving merger and acquisition exist, and that any formula that is useful, we will study it with the competent authorities.” and international organizations that have long experience and experience in this field.
The statement indicated, “Al-Alaq held many bilateral meetings on the sidelines of the Iraqi delegation’s participation in the meetings of the World Bank and the International Monetary Fund that took place in Washington, DC.”
nrttv.com
