[rtl]Baghdad - Iraq today:
The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed that the purpose of restructuring the Iraqi banking sector is to strengthen and develop government banks, considering that strengthening and restructuring these banks represents a real rebuilding of the banking sector in Iraq.
Al-Alaq mentioned during the participation of an Iraqi delegation in the meetings of the World Bank and the International Monetary Fund in the US capital, Washington, that the assets and assets of government banks constitute more than 80% of the Iraqi banking sector.
While the governor revealed that the Central Bank has a program to restructure government banks and has been working on it for years in cooperation with relevant international organizations, the World Bank and the International Monetary Fund, stressing the existence of harmony between the Iraqi government and the Central Bank in the process of reforming the banking sector.
And he continued, that there are several possibilities related to the restructuring of government banks, as these possibilities depend on the results of analyzes of the financial statements of some banks that have the problem of final accounts, adding, that all the possibilities involved in merger and acquisition exist, and that any formula that is useful, we will study it with the competent authorities and organizations. International, which has long experience and expertise in this field.
It is noteworthy that the governor held several bilateral meetings on the sides of the Iraqi delegation's participation in the meetings of the World Bank and the International Monetary Fund that took place in Washington, DC.[/rtl]
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