With Al-Sudani’s attendance, Iraq ushered in a renewed banking era.
Iraq inaugurated its headquarters in Baghdad in the presence of Prime Minister Mohammed Shia al-Sudani, who affirmed that the bank’s presence represents a strategic addition to the national banking sector.
The bank said in a statement, “The launch of Arab Bank – Iraq comes within the framework of strengthening the presence of the Arab Bank Group, which owns one of the largest Arab banking networks globally, with more than 600 branches across four continents. The group is based on an ambitious future vision and a comprehensive strategy that employs the latest digital developments in the banking industry, reinforced by a distinguished reputation and banking experience spanning more than nine decades, during which it has been able to build solid relationships with generations of customers locally, regionally and globally across various sectors.”
He explained that “the headquarters of Arab Bank – Iraq embodies its corporate identity, reflecting its dynamic organization and strong ties with customers, partners, and the community. Based on its corporate slogan, “Arrival is a Beginning,” which reflects the bank’s commitment to enabling its customers to achieve their ambitions and celebrate their achievements as new beginnings toward further success, this opening is a distinctive start to the official launch of Arab Bank – Iraq, with its new horizons and confident steps toward a renewed banking future.”
In his speech at the opening ceremony, Prime Minister Mohammed Shia al-Sudani said, “The presence of the Arab Bank of Iraq represents a strategic addition to the national banking sector, and is a model for what we aspire to in terms of modern and effective banking institutions capable of providing advanced services that contribute to financing sustainable development.” He emphasized “the need to stimulate the financing of diverse investment projects and opportunities, given the presence of a bold and capable Iraqi private sector that understands the intricacies of the investment environment.”
The Governor of the Central Bank of Iraq, Ali Al-Alaq, welcomed the return of Arab Bank to Iraq through Arab Bank-Iraq, noting “the bank’s long history and experience spanning more than nine decades.”
He expressed his pride in “Arab Bank Iraq’s contribution to the soon-to-be-launched Riyada Bank.”
For his part, Sabih Masri, Chairman of the Board of Directors of the Arab Bank Group, thanked Prime Minister Mohammed Shia al-Sudani for sponsoring the opening ceremony, stressing that “this participation embodies the Iraqi government’s commitment to supporting the banking sector and developing its infrastructure. It also supports the Arab Bank of Iraq’s journey as part of the Arab Bank Group’s efforts to serve the Iraqi economy.”
Al-Masry commended the presence of the Governor of the Central Bank of Iraq, praising his “pivotal role in supporting and stabilizing the Iraqi banking sector.” He emphasized that “the Central Bank represents the fundamental pillar of this sector, and its efforts directly contribute to strengthening confidence in Iraqi banking institutions.”
Miliq.news