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The governor of the Central Bank, Ali Mohsen Ismail, inaugurated the Hamorabi Commercial Bank (Al-Jasri) in a move, the first of its kind in Iraq.
Al-Alak said in a speech during the opening and attended by the "Economy News" that "the experience of Hamorabi Bank, which is the largest bank, the largest contribution will be a model for other banks," calling on the private sector to contribute to support at the same time reassuring customers to return the work according to pre-painted plans To enter the banking business and strongly. "
"This work comes as a reflection of the central bank's role as the authority concerned with stabilizing the banking sector, and this is a goal we focus on in a large way through monitoring and monitoring banks and trying to find appropriate solutions for cases that are diagnosed."
"The issue of the stability of the banking sector takes different dimensions and dimensions, and this dimension of the dimensions we are doing today through the preservation of the rights of depositors in the banks in order not to harm the shareholders or other parties," noting that "many countries get cases of faltering And bankruptcies banks, but our policy in the central bank try to go to the maximum extent and bear the difficulties and follow-up to some of the conditions of banks to prevent their arrival to the stage of liquidation or bankruptcy and this shows the institution of the Central Bank of the importance of stability of the banking sector and avoid any effects of an economic or material and service.
And the Bank of Hammurabi Commercial (Aljasri) is the product of new thinking and bold to the Central Bank of Iraq to get out of the crisis of one of the important banks, which faltered because of the inefficient management of the funds of the depositors dealing with the bank and its capital, the Central Bank after studying in depth the status of this bank to find solutions for such And give great hope in saving depositors' money and restoring confidence in the Iraqi banking system through the establishment of this bank, which is stipulated by the Banking Law, which will be owned and managed by the Central Bank of Iraq, and later transformed into a private joint stock company after the transfer of depositors to shareholders Bank, and DAI establish this bank with the support of the majority of depositors.
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