The countrywide bank of Iraq introduced, on Sunday, its acquisition of the international Union coverage employer, after acquiring all important approvals from the central bank.
The bank said in a declaration obtained by using dinaropinions.com that this acquisition comes within the framework of the national bank of Iraq’s approach geared toward increasing the scope of its monetary services.
The company is predicted to start running underneath the umbrella of the national financial institution of Iraq for the duration of the second area of this yr.
Commenting in this acquisition, the handling Director of the national bank of Iraq, Ayman Abu Dahim, said in a statement acquired by means of dinaropinions.com, “the acquisition of the national financial institution of Iraq of the international Union insurance agency by using the countrywide bank of Iraq represents a pivotal step in our growth and expansion method. via this step, we are seeking to bolster our economic gadget and offer integrated coverage offerings in line with the numerous desires of our clients.”
“This acquisition offers us the capacity to provide complete financial solutions that integrate banking and coverage offerings beneath one roof, making it easier for our clients to get right of entry to integrated financial merchandise that support their aspirations and provide them with the required monetary protection,” he delivered, noting that “this step will make a contribution to strengthening the placement of the countrywide bank of Iraq inside the marketplace, and will open new horizons for the financial institution to extend and innovate within the banking and coverage sectors.”
Abu Dahim careworn that “the financial institution will continue to paintings to offer the very best levels of provider and great to its customers, a good way to consolidate its function as a main economic organization in Iraq.”
The financial institution’s assets quantity to approximately five.2 trillion Iraqi dinars, and the quantity of its branches and ATMs reaches 33 branches and 300 ATMs, whilst its client base exceeds 400 thousand clients.
