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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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    Central Bank Governor: Prime Minister's support accelerated progress of Rafidain Bank restructuring

    Rocky
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    Central Bank Governor: Prime Minister's support accelerated progress of Rafidain Bank restructuring Empty Central Bank Governor: Prime Minister's support accelerated progress of Rafidain Bank restructuring

    Post by Rocky Thu 05 Dec 2024, 6:33 am

    Central Bank Governor: Prime Minister's support accelerated progress of Rafidain Bank restructuring project

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    Economy News - Baghdad
    The Governor of the Central Bank, Ali Mohsen Al-Alaq, confirmed today, Thursday, that the support of Prime Minister Mohammed Shia Al-Sudani accelerated the progress of the Rafidain Bank restructuring project.
    The bank's media office stated in a statement received by "Al-Eqtisad News" that "the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chaired an expanded meeting to discuss the project to restructure Rafidain Bank," noting that "the committee for this project included officials from the Ministry of Finance and the Central Bank, the Prime Minister's advisor, and the head of the World Bank mission in Iraq, in addition to members of Ernst & Young as an expert auditor and consultant in the restructuring process."
    He added that "the World Bank's Regional Director in Iraq, Emmanuel Salinas, explained the reality of work on this project, in which he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the restructuring plan in its operational and financial aspects."
    According to the statement, Ernst & Young’s restructuring project expert, Firas Kilani, explained that “the project has made great progress since it began in September 2024 and has currently reached 74%, and the next phase of the scope of work will be completed at the end of this month, moving to an advanced stage in this project.”
    The governor stressed that "the support of the Prime Minister in this regard has positively accelerated the progress of the project, to reach important stages in the restructuring and development process at Rafidain Bank."


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