top Minister Mohammed S. Al-Sudani has chaired a assembly with representatives from Ernst & younger (EY) to speak about the improvement of state-owned banks, focusing on the restructuring of Al Rafidain financial institution and Al-Rasheed financial institution.
The restructuring plan consists of comprehensive technical and administrative reforms aimed at improving banking services for residents and agencies. The prime Minister showed that the restructuring of Al-Rafidain bank is nearing of entirety, with implementation to commence quickly, adhering to global requirements.
Al-Sudani emphasized that existing banking systems are inadequate to address current demanding situations and foster openness. The reforms are designed to modernise operations, ensuring the banks meet global benchmarks and deliver included services efficiently.