Conclusion of the risk management cycle with the participation of 29 banks

Conclusion of the risk management cycle with the participation of 29 banks



11/16/2017

Economy News Baghdad:

The training course on "Risk Management" organized by the Association of Iraqi Private Banks was concluded in three stages in cooperation with the Central Bank of Iraq and in the presence of the Spanish Ambassador to Juan Jose Scobar.

45 employees from 29 banks and financial companies took part in the session, which started on October 9th.

"Iraq is in a transition to the private sector and banks will play an important role," Spanish Ambassador Juan Jose Scobar said during the closing ceremony of the training course. "These courses will develop the capabilities of the banking staff, which will be positively reflected on the bank."

He pointed out that "25% of Iraqis have bank accounts and the project to settle salaries will increase this ratio," explaining that "some Spanish banks have a desire to visit Iraq and develop bilateral relations."

"The banking sector needs such training courses in the field of risk management because it is one of the most important departments in the bank," said Hussein Lazem, director of risk management at the Central Bank. "The doors of the central bank are open to all, Financial sector ".

"We are very proud of the success of the training courses held by the Association through the assurances we received from some countries," said Wadih al-Hanal, head of the Association of Iraqi Private Banks. "These training courses make Iraq match the world."

He pointed out that "the Central Bank stands behind all the successes achieved by the training courses, through the strategy implemented at the current stage."

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