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 The opening of a bank is the first of its kind in Iraq

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Join date : 2015-02-19

PostSubject: The opening of a bank is the first of its kind in Iraq   Thu Oct 04, 2018 9:42 am

The opening of a bank is the first of its kind in Iraq

2018/10/4 11:47

(Baghdad: Al Furat News) opened the governor of the Central Bank of Iraq Ali Mohsen Alalak Hamorabi commercial bank {Aljseri} in a move is the first of its kind in Iraq.

"The experience of the Hamorabi Bank, which is the largest bank of the central bank, will be a model for other banks," Al-Alak said in a statement to the Central Bank. Customers of the bank to return its work in accordance with pre-painted plans to enter the banking business and strongly. "

"The Hamorabi Commercial Bank is the result of new and bold thinking of the Central Bank of Iraq to get out of the crisis of one of the important banks, which faltered because of the inefficient management of the funds of depositors dealing with the bank and its capital."

He pointed out that "the Central Bank has done after studying in depth the status of this bank to find solutions for such cases and give great hope in saving depositors' funds and restore confidence in the Iraqi banking system through the establishment of this bank, which is stipulated by the Banking Law, which will be ownership And the management of the Central Bank of Iraq, and later becomes a private joint stock company after the transfer of depositors to shareholders in the bank, and the establishment of this bank with the support of the majority of depositors. "

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