Ernst & Young: Rafidain Bank restructuring reached 74%
Ernst & Young: Rafidain Bank restructuring reached 74%
2024-12-05 00:02
Shafaq News/ Ernst & Young, a professional services company, confirmed today, Thursday, that the restructuring of Rafidain Bank has reached 74%.
Firas Kilani, an expert in the restructuring project from the British company, said, “The restructuring project has made great progress since its inception in September 2024 and has currently reached 74%. The next phase of the scope of work will be completed at the end of this month, moving to an advanced stage in this project.”
This came in a statement by the Central Bank received by Shafaq News Agency about the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chairing an expanded meeting to discuss the project to restructure Rafidain Bank.
The World Bank’s Regional Director in Iraq, Emmanuel Salinas, explained the reality of work on this project, in which he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the restructuring plan in its operational and financial aspects.
His Excellency the Governor confirmed that the support of the Iraqi Prime Minister in this regard has positively accelerated the progress of the project, to reach important stages in the restructuring and development process at Rafidain Bank.
shafaq.com
