The Central Bank endorses the rules of merger and the Union of Banks
Baghdad today – On Sunday, July 07, 2019, the Central Bank of Iraq ratified the merger and banking union regulations.
A statement to the Central Bank’s Information Office said: “In the belief of the need to develop and improve services in the banking sector, the Board of Directors of the Central Bank of Iraq approved the (controls merger and the Union of Banks) in its resolution No. 90 of 2019.
He pointed out that “the controls included the requirements of merger or union between banks wishing to, as well as the benefits obtained by the merged banks or the United, and the powers of the Central Bank in those operations, and can be accessed through the controls by visiting the website of the Central Bank of Iraq.”