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Al-Sudani announces a package of new banking directives to enhance financial inclusion in the governorates
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[rtl]Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani directed, today, Friday, to take a package of steps regarding the challenges facing the financial and banking system, especially in the governorates.
The directives included...
1. Increasing the number of bank branches in the governorates to meet the needs of the local population, and in a way that contributes to expanding the scope of financial services, while paying attention to buildings, their modernity, and providing their basic requirements.
2. The necessity for all banks in the governorates to adopt modern technologies such as online banking services and mobile applications, which makes it easier for citizens to access their banking services easily.
3. Emphasizing to banks the importance of developing their financial services in a manner that suits the needs of individuals and small companies, such as soft loans and savings accounts.
4. Enhancing financial inclusion in the governorates by providing banking services to different segments of society, including districts and sub-districts in villages and rural areas.
5. Launching conferences and awareness campaigns in the governorates, to educate citizens about the importance of dealing with banks and how to manage and invest money correctly.
6. Organizing workshops to train young pioneers and local businessmen on how to deal with loans and financial services.
The Ministry of Finance, the Central Bank of Iraq, and the Iraqi Private and Islamic Banks Associations will coordinate with the governors’ offices to accomplish these tasks according to their specialization and responsibility, and submit quarterly reports (every three months) to the Prime Minister’s Office on the progress of work regarding the steps. / End 5 [You must be registered and logged in to see this link.][/rtl]
The directives included...
1. Increasing the number of bank branches in the governorates to meet the needs of the local population, and in a way that contributes to expanding the scope of financial services, while paying attention to buildings, their modernity, and providing their basic requirements.
2. The necessity for all banks in the governorates to adopt modern technologies such as online banking services and mobile applications, which makes it easier for citizens to access their banking services easily.
3. Emphasizing to banks the importance of developing their financial services in a manner that suits the needs of individuals and small companies, such as soft loans and savings accounts.
4. Enhancing financial inclusion in the governorates by providing banking services to different segments of society, including districts and sub-districts in villages and rural areas.
5. Launching conferences and awareness campaigns in the governorates, to educate citizens about the importance of dealing with banks and how to manage and invest money correctly.
6. Organizing workshops to train young pioneers and local businessmen on how to deal with loans and financial services.
The Ministry of Finance, the Central Bank of Iraq, and the Iraqi Private and Islamic Banks Associations will coordinate with the governors’ offices to accomplish these tasks according to their specialization and responsibility, and submit quarterly reports (every three months) to the Prime Minister’s Office on the progress of work regarding the steps. / End 5 [You must be registered and logged in to see this link.][/rtl]
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