Baghdad – IA – Wissam Al-Mulla
Immediately, Thursday, the Affiliation of Personal Banks highlighted the advantages of the partnership with the Union of Arab Banks in Iraq, and whereas saying the achievement of superior numbers within the digital transformation course of, it expressed its optimism in regards to the return of banks banned from dealing in {dollars} to their regular work.
The top of the affiliation, Wadih Al-Handal, instructed the (INA): “The Union of Arab Banks is a world group that’s greater than 45 years outdated and current within the area and the world, and our partnership with it would strengthen the place of Iraqi banks on the supply of decision-making, whether or not within the European Union, the Federal Reserve, or the US Treasury.”
He added, “The partnership between the Affiliation and the Union of Arab Banks will draw a street map to simplify issues to replicate positively on Iraq.”
Concerning digital transformation, Al-Handal identified, “The Prime Minister’s route after his assembly with the Affiliation, along with the Central Financial institution’s route towards digital transformation to consolidate the idea of economic inclusion, because the numbers we now have reached are very optimistic and superior,” declaring that “the numbers within the coming years will exceed Expectations.
Concerning depriving some banks from dealing in {dollars}, the top of the Affiliation of Banks acknowledged that “depriving banks is just not the primary case in Iraq, however there are some banks which were subjected to sanctions, however they’re few,” explaining that “the Prime Minister shaped a committee from the Central Financial institution to observe up on depriving banks after his go to to america.” “There’s optimism that these banks will return to their regular work.”