US Treasury and the Association of Banks Taatdarcan ways of joint cooperation

2/11/2017 0:00

BAGHDAD / morning
Examine US Treasury delegation and the Association of Iraqi private banks ways of joint cooperation between the two parties and the possibility of advancement of the Iraqi banking sector.

President of the Association meek Handal emphasized that during the meeting, they reviewed the achievements of the private banking sector and the labor supply in place mechanisms for the advancement of human resources working in the banking sector and banking technologies and regulations approved and those that fall within the bank's plans for this year.

The delegation included John Sullivan, Head of Delegation and Michelle Chatzl of Bank of New York up and Rashid Nasim manager at Bank of New York and Leslie Young adviser at the US Treasury and the gift of Mary, energy consultant and the economy.

Handal between the role adopted by the Association to raise the products continuously and enable them to compete with regional and international banks, also pointed to contribute to humanitarian and social projects and relief goods and development across the country, and this falls within social responsibilities that must the private sector presented to the people the society.

He pointed according to a statement of the association, that the visit of Treasury delegation of US to the headquarters of the Association gave a strong and clear message about how the trust and faith of the Treasury trends and the Association's work, which is the CBI arm and a chance to tell the success stories of the private banks in the areas of the country's reconstruction and development of Rasheed Street Project Take Baghdad and drive our people headed Goodwill Ambassador musician Naseer Shamma started.

In turn, praised the head of the delegation, John Sullivan's role in the development of special bond Banking performance through advanced training programs and orientations supporting the economy the family.

It was agreed between the two sides to hold a second expanded meeting attended by Iraqi banking leaders and representatives of the US Treasury and the Federal Reserve Bank of the US, it is dedicated to explain the obstacles and problems faced by the Iraqi banking sector, particularly in the relationship with correspondent banks.

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