Al-Alaq: The participation of banks in Baghdad International Fair enhances the achievement of financial coverage

The Governor of the Central Bank Ali Mohsen Al-Alak during his tour in the pavilions of banks participating in the 44th session of the Baghdad International Fair, the distinguished participation of government and private banks in the exhibition and delivery of banking products and modern technical services to the public directly and using modern methods of awareness and education, And is monitored by the Central Bank will inevitably contribute to the achievement of financial coverage and the access of banking services to a large segment of citizens.

He pointed out that the settlement of salaries of employees and the provision of soft loans to them will contribute to the expansion of bank financing and achieve the standard banking density, as he spoke with the President of the Association of Iraqi private banks and heads of boards of directors and the commissioners of the need to pay attention to compliance with rules and regulations of compliance and combating money laundering and financing of terrorism and avoid risks And request the Financial Action Organization to visit Baghdad and to see directly the developments in the banking business in Iraq as far as the application of international banking standards as well as praised the actions of the Association of Banks in the organization of malt Meetings in Washington and Germany, building banking relations and transferring the developments of the Central Bank in the classification and evaluation of operating banks in accordance with compliance with compliance standards, risk management, corporate governance and efforts by Iraqi banks in this area despite the special circumstances and challenges that the country is experiencing due to the decline in international oil prices And the war against terrorism The governor discussed during the visit the echoes of his speech in the Security Council last week and focus on the great efforts in the commitment to the program of financial reform agreed with the IMF International application of international standards, which helped to move from rank to gray continue.

The Governor was accompanied during his tour of the participating banks the President of the Association of Iraqi private banks Wadih al-Handal, the Director General of Banking Supervision in the Central Bank and the advisers of the Association was received by the six heads of boards of directors and directors of the banks.

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