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14-October-2024
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[ltr]German Ambassador and Central Bank Governor (Facebook)[/ltr]
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[ltr]German Ambassador and Central Bank Governor (Facebook)[/ltr]
On Monday, October 14, 2024, the Governor of the Central Bank of Iraq, Ali Al-Alaq, discussed with the German Ambassador to Baghdad, Christiane Homann, providing support to Al-Riyada Bank.
Al-Alaq stressed that there is "a great desire among citizens to use electronic cards, which enhances electronic payment in Iraq, as the Central Bank of Iraq has taken many steps in this direction in coordination with the relevant authorities," according to the statement.
He explained that "Riyada Bank will provide its services to an important segment of customers, as it aims to provide support to emerging small and medium enterprises, as it will be a bank different from other banks through its unconventional products that will contribute to creating job opportunities for various social groups in society, and open new horizons in a stable investment environment," noting that "there will be representative offices in most Iraqi banks to facilitate customers' access to it and benefit from its services."
For her part, the German ambassador expressed, according to the Central Bank’s statement, “her country’s readiness to provide advice and technical support for such important projects that support the common goal of diversifying the Iraqi economy.”?
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During the meeting with the Ambassador of the Federal Republic of Germany, according to a statement by the Central Bank seen by "Ultra Iraq", "the banking relations and strengthening the financial inclusion plan in Iraq and the importance of digital transformation were discussed, in addition to providing full support to Al-Riyada Bank for financing small projects, which will launch its services soon", and "the plan to reform the government and private banking sector was reviewed".Discussing the plan to reform the government and private banking sector
Al-Alaq stressed that there is "a great desire among citizens to use electronic cards, which enhances electronic payment in Iraq, as the Central Bank of Iraq has taken many steps in this direction in coordination with the relevant authorities," according to the statement.
He explained that "Riyada Bank will provide its services to an important segment of customers, as it aims to provide support to emerging small and medium enterprises, as it will be a bank different from other banks through its unconventional products that will contribute to creating job opportunities for various social groups in society, and open new horizons in a stable investment environment," noting that "there will be representative offices in most Iraqi banks to facilitate customers' access to it and benefit from its services."
For her part, the German ambassador expressed, according to the Central Bank’s statement, “her country’s readiness to provide advice and technical support for such important projects that support the common goal of diversifying the Iraqi economy.”?
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