The Governor of the Central Bank of Iraq presides over a meeting with bank departments in Erbil

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His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired today, Monday, a meeting with bank departments located in the Kurdistan region of Iraq

During the meeting, they discussed the affairs of the banking sector in the region and upgrading its work to keep pace with developments, enhance financial inclusion and spread the culture of electronic transactions.

 

What was presented by the Association of Iraqi Private Banks about the procedures related to the projects put forward by the Central Bank of Iraq during the past weeks, represented by the establishment of the Al-Riyadah Bank for Small Projects and the Loan Guarantee Company and the establishment of the Finance and Business Center, was also reviewed, praising the positive steps and progress made in them.

His Excellency had, on the sidelines of his visit to the region, visited the branch of the Central Bank in Erbil, and held a meeting with the General Manager of the branch, Mr. Kazem Namiq Ahmed, and department officials, listening to the mechanism of the branch's work and the challenges facing its work.

 

His Excellency urged the employees of the branch to work diligently, and to provide the best banking services to the residents of the geographical area that the branch supervises, directing the need to strengthen the supervisory and oversight position of the Central Bank over banks operating within its jurisdiction.