Secretary General of the Union of Arab Banks revealed today, that the Iraqi government took the decision to launch two banks owned by the state for
privatization., Said Wissam Fattouh, general secretary of the union at a press conference on the sidelines of the Union of Arab Banks conference which will be held in Sharm el-Sheikh, Egypt Friday that the Iraqi government made the decision by asking a bank Rasheed , and Mesopotamia for privatization ".
He said Fattouh:" that captures the two banks at about 49% of the Arab market.
"He also said," The Washington, DC, will host, next April, an international conference American Bank Fed, amid assurances that the need for the participation of Egypt, Syria and Lebanon where , Conference American Arab Banking Dialogue, and the financing of terrorism, and the law of the US tax compliance and discuss.
"The Rafidain Bank of Iraq was established by Law No. (33) for the year 1941 and began its work in 05/19/1941, and began the gradual expansion within the country and has gone through multiple integration began 1964 included commercial banks that were operating in Iraq, Rafidain Bank and continued working alone in the field of banking until 1988, which saw the establishment of good government bank and that the bank also began his work branches of the Rafidain Bank, which moved its business to him.