In a flow that confirms its leadership role and superior monetary abilities, the financial institution of Baghdad announced an extraordinary achievement within the Iraqi banking quarter, concluding a strategic settlement with the Ministry of Finance to grow to be the first private bank ever to be granted the authority to problem sovereign guarantees.
This achievement is the culmination of the financial institution’s bold vision and incessant pursuit of innovation, reflecting the deep accept as true with that the usa’s monetary selection-makers area within the bank of Baghdad as a strategic associate with the know-how and competence to control monetary instruments of this magnitude.
on this context, Majid Al-Saadi, Chairman of the Board of administrators of the financial institution of Baghdad, affirmed: “This accreditation is an immediate reflection of the energy of our monetary position and our dedication to the very best requirements of governance. we’ve got worked for years to acquire this reputation, and nowadays we translate our management into tangible moves that support the countrywide economy.”
For his component, Ahmed Tahseen Maala, the financial institution’s appearing managing director, introduced: “Our capability to relaxed this sovereign mandate places us at the leading edge of monetary establishments in Iraq. we can use this powerful tool to provide revolutionary financing answers and open new horizons for our partners in predominant projects that have been expecting such an opportunity.”
This mandate strengthens the bank of Baghdad’s position as a key driver of growth and an essential partner for investors and contractors searching for to contribute to building Iraq’s future.
