Today, Monday, a meeting to restructure Rafidain Bank was presided over by Ali Mohsen Al-Alaq, the Governor of the Central Bank of Iraq.
“The supervisory committee for the restructuring process of Rafidain Bank, headed by the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met in the presence of committee members from the Ministry of Finance, advisors to the Prime Minister, and senior staff at the Central Bank of Iraq, in addition to the presence of the global consulting firm (Ernst & Young),” according to a statement released by the Central Bank of Iraq.
He went on to say that “the meeting discussed the process of organizing the administrative, financial, and technical structure of Rafidain Bank, to move toward the best global banking practices” and that “the progress of the plan adopted by the government in coordination with the Central Bank was reviewed within the framework of the expanded program to reform the banking sector, improve its performance and services, and achieve financial stability” were among the topics that were discussed.
