Finance Minister discusses the re-structure of bank Rafidain and Rasheed

11
Aug
11 Aug 2015 In IRAQ Comments Off on Finance Minister discusses the re-structure of bank Rafidain and Rasheed

8/11/2015 Tomorrow Press / Baghdad: Discuss Finance Minister Hoshyar Zebari, on Monday, with the Governor of the Central Bank and the President of the Office of Financial Supervision and managers Rafidain and Rasheed restructuring of the two banks. Zebari said in a statement received “tomorrow Press”, a copy of which he “met with the Governor of the Central Bank and the President of the Office financial managers Rafidain and Rasheed and a number of the Ministry of Finance experts and Central Bank to consider the re-banking restructuring Rafidain and Rasheed control, through the banking system overall application and the possibility of increasing the capital of the two banks in order to enable the exercise of the comprehensive banking operation, including commercial banking. ” He stressed “the need to make the repair financial and banking system in line with international standards, especially after the Iraq get a credit rating and became part of the movement of global capital markets “, stressing that” any delay in the reform process will reflect negatively on the credibility of Iraq in front of the international financial institutions. ”  SOURCE

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