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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Al-Sudani discusses the initial draft of the “structuring” of Rafidain Bank

    Rocky
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    • Post n°1

    Al-Sudani discusses the initial draft of the “structuring” of Rafidain Bank Empty Al-Sudani discusses the initial draft of the “structuring” of Rafidain Bank

    Post by Rocky Thu Jan 11, 2024 4:27 pm

    Al-Sudani discusses the initial draft of the “structuring” of Rafidain Bank
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    Baghdad Today - Baghdad
    Today, Thursday (January 11, 2024), Prime Minister Muhammad Shiaa Al-Sudani discussed the initial draft of the “structuring” of Rafidain Bank.
    A statement from the Prime Minister’s Office received by “Baghdad Today” stated that Al-Sudani “chaired a meeting that included representatives of the (Ernst & Young) auditing and financial consulting company, in the presence of the Minister of Finance, the Governor of the Central Bank of Iraq, and the Prime Minister’s advisors concerned with the economic aspect.”
    During the meeting, according to the statement, “the initial draft of the company’s plan was discussed for the purpose of organizing and structuring the work of Rafidain Bank, within the government’s approach to reform the banking and financial sector, where a number of observations were recorded on the draft plan with the aim of amending it and proceeding with its implementation.”
    The Prime Minister stressed "the need for the plan to be applicable and not a copy of previous experiences, and to achieve its desired goal."
    Al-Sudani also expressed "the government's readiness to provide all the necessary facilities to achieve transformation and restructuring, which is an essential part of the goal of the government program in the field of financial and banking reform."
    He stressed "the speed of completion, in order to make the required plan successful and achieve tangible progress within the framework of economic reform." 
    On November 14, the Prime Minister, Muhammad Shiaa Al-Sudani, directed the directors of all government banks to prepare a plan to be presented within one month, to develop the work of the banks, including the optimal use of financial, human and technical resources, the transition from paper work to automated work, and electronic dealing with all banking activities. Expanding electronic payment services, developing a comprehensive vision for banks in granting credit facilities and loans, and developing work mechanisms, including control and oversight tools.
    Al-Sudani confirmed that bank managers will be subject to performance evaluation in light of their implementation of the plan and the amount of achievement.
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