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The Central Bank is considering restructuring Rafidain Bank
First 2024/08/06
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Yesterday, Monday, the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, discussed the restructuring of Rafidain Bank.
A statement by the bank stated that "the supervisory committee for the restructuring process of Rafidain Bank, headed by the Governor of the Central Bank, met in the presence of committee members from the Ministry of Finance, advisors to the Prime Minister, and senior staff at the Central Bank of Iraq, in addition to the presence of the global consulting firm (Ernst & Young)."
He added that "the progress of work on the plan adopted by the government in coordination with the Central Bank was reviewed within the framework of the expanded program to reform the banking sector, improve its performance and services, and achieve financial stability," noting that "the meeting discussed the process of organizing the administrative, financial, and technical structure of Rafidain Bank."
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