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The National Bank of Iraq ends the acquisition of Bank Audi’s banking business
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[rtl]Amman / NINA / The Iraqi National Bank announced that the acquisition of the banking business of Bank Audi has completely ended today, according to the agreement signed between the two parties.
Bank Audi has terminated its operations in all its 5 branches in Iraq and transferred it to the National Bank of Iraq at the end of today's work, as all information on the details of customers' accounts and their banking products was automatically transferred to the National Bank of Iraq, and the credit cards and payment cards granted to them will remain available for use. As usual.
The Capital Bank Group and Bank Audi Group had signed, before the end of last year, the final agreements for Capital Bank’s acquisition of the business of Bank Audi branches in Jordan and the acquisition of the National Bank of Iraq, a subsidiary of the Capital Bank Group, over the business of Bank Audi branches in Iraq, and the purchase of the assets and liabilities of these branches.
Based on the acquisition, former Bank Audi branches and its affiliated ATMs will be available to customers under the brand of "National Bank of Iraq" as of next Sunday, and the branches will continue to provide their services and products to customers as usual and through the same work teams affiliated with Bank Audi previously. Where the personal data and account data of Bank Audi customers were transferred safely to the Iraqi National Bank in accordance with the legal principles and the general data protection policy followed by the bank.
The Chairman of the Capital Bank Group and Chairman of the Board of Directors of the National Bank of Iraq, Basem Khalil Al-Salem, stressed the importance of the acquisition and its role in consolidating the group's position in the markets in which it operates and maximizing its economic and investment impact, indicating that the group will work to achieve maximum benefit from future growth opportunities. And the development of the volume of its business in the Iraqi market, which is a promising strategic market with attractive opportunities for investment.
Al-Salem expressed his thanks and appreciation to the Governor of the Central Bank of Iraq, Mustafa Ghalib, his deputies and general managers for the support they provided to complete the acquisition in record time.
The managing director of the National Bank of Iraq, Ayman Abu Haim, pointed out the importance of this step, especially since the acquisition process is the first of its kind in the Iraqi banking market, as it will work to strengthen its position in the Iraqi banking market and increase its market share in it, stressing that this process and what will accompany it in providing services And innovative digital banking products that will perfectly meet the needs and aspirations of customers.
The acquisition of Bank Audi’s operations comes within the Capital Bank Group’s strategy to expand and develop, as the total number of Iraqi National Bank’s branches will increase to 18, in parallel with its plans to develop performance and digital transformation, to ensure speed, accuracy and the highest levels of customer satisfaction.[/rtl]
Bank Audi has terminated its operations in all its 5 branches in Iraq and transferred it to the National Bank of Iraq at the end of today's work, as all information on the details of customers' accounts and their banking products was automatically transferred to the National Bank of Iraq, and the credit cards and payment cards granted to them will remain available for use. As usual.
The Capital Bank Group and Bank Audi Group had signed, before the end of last year, the final agreements for Capital Bank’s acquisition of the business of Bank Audi branches in Jordan and the acquisition of the National Bank of Iraq, a subsidiary of the Capital Bank Group, over the business of Bank Audi branches in Iraq, and the purchase of the assets and liabilities of these branches.
Based on the acquisition, former Bank Audi branches and its affiliated ATMs will be available to customers under the brand of "National Bank of Iraq" as of next Sunday, and the branches will continue to provide their services and products to customers as usual and through the same work teams affiliated with Bank Audi previously. Where the personal data and account data of Bank Audi customers were transferred safely to the Iraqi National Bank in accordance with the legal principles and the general data protection policy followed by the bank.
The Chairman of the Capital Bank Group and Chairman of the Board of Directors of the National Bank of Iraq, Basem Khalil Al-Salem, stressed the importance of the acquisition and its role in consolidating the group's position in the markets in which it operates and maximizing its economic and investment impact, indicating that the group will work to achieve maximum benefit from future growth opportunities. And the development of the volume of its business in the Iraqi market, which is a promising strategic market with attractive opportunities for investment.
Al-Salem expressed his thanks and appreciation to the Governor of the Central Bank of Iraq, Mustafa Ghalib, his deputies and general managers for the support they provided to complete the acquisition in record time.
The managing director of the National Bank of Iraq, Ayman Abu Haim, pointed out the importance of this step, especially since the acquisition process is the first of its kind in the Iraqi banking market, as it will work to strengthen its position in the Iraqi banking market and increase its market share in it, stressing that this process and what will accompany it in providing services And innovative digital banking products that will perfectly meet the needs and aspirations of customers.
The acquisition of Bank Audi’s operations comes within the Capital Bank Group’s strategy to expand and develop, as the total number of Iraqi National Bank’s branches will increase to 18, in parallel with its plans to develop performance and digital transformation, to ensure speed, accuracy and the highest levels of customer satisfaction.[/rtl]
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