Iraqi banks get a rating from international agencies
Baghdad: (19) licensed banks in Iraq have obtained a rating from accredited international rating agencies: (Capital Intelligence – Fitch – Moody’s – Standard & Poors).
And the Central Bank said in a statement received by {Al-Sabah}, yesterday, that this comes {within the framework of the efforts made by the Central Bank of Iraq to develop the Iraqi banking sector and keep it in line with international standards}.
The statement stressed, “These banks will receive several banking facilities, which reflects the development of the performance of the banking sector in Iraq and the solvency of banks, and is evidence of their compliance with local and international standards.”
It is worth mentioning that the Central Bank seeks to increase the ability of Iraqi banks to expand their network of relations with international banks and enhance the confidence of citizens and investors in them, especially after their success in obtaining such ratings.