Union of Arab Banks praises the use of modern methods and systems at the International Development Bank

Union of Arab Banks praises the use of modern methods and systems at the International Development Bank



Wednesday, January 10,

Alsumaria News / Baghdad The
Secretary General of the Union of Arab Banks and Sam Hassan Fattouh, on Wednesday, using modern means and systems at the International Development Bank in the service of the Iraqi banking sector and the banking experience it enjoys.

"The Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf Abdul, met with his office, and Sam Hassan Fattouh Secretary General of the Union of Arab Banks and discussed ways to strengthen relations and banking cooperation between the two sides," the Development Bank said in a statement.

The statement added that "the Chairman of the Board of Directors of the International Development Bank praised the important role played by the Central Bank of Iraq in support of Iraqi banks to enhance financial coverage and keep abreast of all developments and the strength and safety of business compliant with global standards.

The statement pointed out that "the Secretary-General of the Union of Arab Banks expressed optimism about the use of modern methods and systems practiced by the International Development Bank in the service of the Iraqi banking sector and the banking experience that it enjoys and keeping pace with all systems and infrastructure that will raise the level of performance to remain Iraqi banking institutions to interact with The international banking institutions and continue cooperation in order to continue to implement plans and programs that will develop and stimulate the Iraqi banking sector and identify the challenges that face, "adding," and stressing the application of standards and avoid crises and continuous fulfillment of International requirements and priority partnerships with Arab banks on both bilateral and collective and push the local economy forward and overcome all challenges. "

"The Secretary-General of the Union of Arab Banks praised the role of the Chairman of the Board of Directors of the International Development Bank in the leadership of the bank and achieve great successes despite the recent establishment and reach high ranks in the banking sector of Iraq and the region in terms of providing comprehensive banking services and developed."

On December 14, 2017, the International Development Bank was awarded the Excellence Award for Wise Management at a ceremony held in the Jordanian capital of Amman for innovation and excellence for financial institutions and entrepreneurship for 2017.

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