An economist describes the establishment of Rafidain First Bank as an excellent step
Economy News _ Baghdad
The economist, Mustafa Akram Hantoush, described the establishment of the first Rafidain Bank as an “excellent step”.
The Council of Ministers decided yesterday, Monday, to establish the first Rafidain Bank with a capital of one trillion dinars and a government participation rate of 24%.
“The establishment of Rafidain First Bank is an excellent step, especially since it will be a mixed sector company,” Hantosh told “Economy News.”
He added that the new bank will help the country enhance the capabilities of payment and electronic transactions, in addition to that it will be an assistance to the Iraqi Bank for trading in remittances and credits.