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Al-Alaq: The Assets And Assets Of Government Banks Constitute More Than 80% Of The Iraqi Banking Sector
04/14/2023
2225
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04/14/2023
2225
[You must be registered and logged in to see this link.]
Earth News / The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed today, Friday, the existence of a program to restructure government banks.
The media office of the Central Bank stated, in a statement received by Earth News Agency, that “the governor of the Central Bank, Ali Mohsen Ismail, stated, during the participation of an Iraqi delegation in the meetings of the World Bank and the International Monetary Fund in the American capital, Washington, that the assets and assets of government banks constitute more than 80% of the sector.” Iraqi banker.
He added, "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: “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 possibilities involving merger and acquisition exist, and that any formula that is useful we will study with the competent authorities and international organizations that have long experience and experience in this field.”
The statement indicated that "Al-Alaq held several bilateral meetings on the sidelines of the Iraqi delegation's participation in the meetings of the World Bank and the International Monetary Fund that took place in Washington, DC."
[You must be registered and logged in to see this link.]
The media office of the Central Bank stated, in a statement received by Earth News Agency, that “the governor of the Central Bank, Ali Mohsen Ismail, stated, during the participation of an Iraqi delegation in the meetings of the World Bank and the International Monetary Fund in the American capital, Washington, that the assets and assets of government banks constitute more than 80% of the sector.” Iraqi banker.
He added, "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: “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 possibilities involving merger and acquisition exist, and that any formula that is useful we will study with the competent authorities and international organizations that have long experience and experience in this field.”
The statement indicated that "Al-Alaq held several bilateral meetings on the sidelines of the Iraqi delegation's participation in the meetings of the World Bank and the International Monetary Fund that took place in Washington, DC."
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