Finance Minister discusses the re-structure of bank Rafidain and Rasheed

Author: Editor: ag reporter: we

10/08/2015 16:49

Tomorrow Press / Baghdad: Discuss Finance Minister Hoshyar Zebari, on Monday, with the Governor of the Central Bank and the President of the Office of Financial Supervision and managers Rafidain and Rasheed restructuring of the two banks.

Zebari said in a statement: "Tomorrow Press", received a copy of it that he "met with the Governor of the Central Bank and the President of the Board of Supreme Audit and managers of the Rafidain and Rasheed and a number of the Ministry of Finance experts and Central Bank to consider the re-banking restructuring Rafidain and Rasheed, through the banking system overall application and the possibility of increasing the capital of the two banks in order to enable the practice of comprehensive banking operation, including commercial banking. "

He stressed "the need to make the financial and banking system reform in line with international standards, especially after the Iraq get a credit rating and became part of the movement of global capital markets", stressing that "any delay in the reform process will reflect negatively on the credibility of Iraq in front of the international financial institutions."