A banking meeting discusses the banking reality in the shadow of the Corona pandemic and the financial crisis
The Iraqi Private Banks Association held a meeting for the managers of the commissioners of banks operating inside the country, to discuss the banking reality and the challenges facing banks in light of the Corona pandemic and the financial crisis.
The head of the Iraqi Private Banks Association, Wadih Al-Handal and the advanced cadre of the Association, met with a number of private bank commissioner directors and there will be multiple meetings with banks in the coming days.
Al-Handal said during the meeting, that the Association of Private Banks and Banks is working to implement the vision of the Central Bank in promoting the banking reality inside the country, spreading the concept of financial inclusion and increasing citizens’ confidence in the banking sector, explaining that private banks seek to strengthen the relationship with the Central Bank and implement its decisions that serve the banking sector. .
He stressed that the partnership between the Central Bank and the Association of Private Banks will reflect positively on banking work, noting that the upcoming challenges are consistent with the vision of the banking sector in implementing the white paper that will serve the economy.
Al-Handal noted that the banking sector is able to expand its services, especially after seeing the reform paper by withdrawing the funds hoarded in homes and placing them in banks and investing them in financing investment projects.
On the other hand, bank managers welcomed, during the meeting, the steps taken by the central bank recently, in line with the development of the economy.