,FRANK26: "IRAQI BANKS RESTRUCTURED FOR THE MONETARY REFORMS' NEW POLICIES". 12 JAN

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FRANK26: "IRAQI BANKS RESTRUCTURED FOR THE MONETARY REFORMS' NEW POLICIES"....F26

Al-Sudani confirms progress in the project to restructure Rafidain and Rashid Banks

 

1/9/2025

 

Prime Minister Mohammed Shia Al-Sudani confirmed, today, Thursday, the progress of work on the project to restructure the Rashid and Rafidain banks and its entry into force soon.

 

Al-Sudani's media office stated in a statement received by {Al-Furat News}, that "the latter held a special meeting to discuss developing the work of government banks, in the presence of representatives of Ernst & Young for auditing and financial consulting." 
He was briefed on the plan for the restructuring project of Rafidain and Rashid Banks, and the technical and administrative procedures related to the project, which include a comprehensive review and structural administrative reforms with the aim of providing integrated banking services to citizens and companies. 
The Prime Minister explained that "the completion rate of the project to restructure Rafidain Bank has reached its final stages, stressing that it will enter into force within the next few days, within the framework of a plan that has been studied and implemented according to the established standards and specifications." 
Al-Sudani added, "Government banks with their current structures are unable to open up and address problems, and for this reason they have been restructured in a way that ensures the availability of all capabilities and openness with modern international technical specifications." 

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Prime Minister: Restructuring government banks to ensure availability of capabilities and openness with international specifications

1/9/2025

Baghdad

Prime Minister Mohammed Shia Al-Sudani confirmed, on Thursday, that government banks with their current structures are unable to open up and address problems, indicating that this is why they have been restructured in a way that ensures the availability of all capabilities and openness with modern international technical specifications.

The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Prime Minister Mohammed Shia Al-Sudani chaired a special meeting to discuss the development of the work of government banks, in the presence of representatives of Ernst & Young for auditing and financial consulting."

The statement added, "The Prime Minister was briefed on the plan for the restructuring project of Rafidain and Rashid Banks, and the technical and administrative procedures related to the project, which includes a comprehensive review and structural administrative reforms with the aim of providing integrated banking services to citizens and companies."

The Prime Minister explained - according to the statement - that "the completion rate of the project to restructure Rafidain Bank has reached the final stages," stressing "its entry into force in the coming period, within the framework of a plan that has been studied and implemented according to the established standards and specifications."

Al-Sudani added that "government banks with their current structures are unable to open up and address problems, and for this reason they have been restructured in a way that ensures the availability of all capabilities and openness with modern international technical specifications."

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