The Prime Minister stressed the importance of restructuring Iraqi state-owned banks in order to revive them.
The Prime Minister stressed the importance of restructuring Iraqi state-owned banks in order to revive them.
2025/12/03
Prime Minister Mohammed Shia Al-Sudani stressed on Wednesday the importance of restructuring Iraqi state-owned banks in order to revive them.
The media office of Al-Sudani stated in a statement received by Al-Furat News that “the latter chaired a meeting to follow up on the restructuring of Al-Rafidain Bank and the establishment of the new (First Al-Rafidain Bank), in the presence of representatives of the Ernst & Young consulting firm.
He listened to a detailed explanation of the latest work steps completed, all the requirements of the incorporation agreement, laws and instructions that must be available, in addition to identifying the technical and founding committee of the new bank, identifying the bank’s shareholders, and all the legal aspects and the required trademark.
Al-Sudani stressed the importance of restructuring Iraqi state-owned banks in order to advance the state banking sector, and that the new bank should rely on the latest digital and technological technologies in order to provide advanced financial and banking services.
He also directed that the project steps be followed up, that administrative and bureaucratic obstacles that prevent speedy completion be overcome, and that the new bank be put into service with all its requirements.
alforatnews.iq
