Member of the Parliamentary Finance Committee, Jamal Kocher, showed nowadays, Monday, that the restructuring of Rafidain and Rashid Banks is a decisive step to enhance Iraq’s financial situation and enhance its function in the global economic device.
Kocher informed dinaropinions.com: “Restructuring the banks may be very vital and has many positives, as those banks have no longer been reviewed for many years. those measures will make a contribution to consolidating the country wide financial system and addressing a number of the mistakes that may exist within the present day financial system.”
He added: “Reforming banks will result in their development in step with the situations of america Federal Reserve and the rapid machine, in addition to many global necessities in an effort to make contributions to enhancing the performance of the Iraqi financial sector at the worldwide stage.”
it is noteworthy that high Minister Mohammed Shia Al-Sudani reviewed the plan for the restructuring task of Rafidain and Rashid Banks, and the technical and administrative processes related to the assignment, which include a complete evaluation and structural administrative reforms with the intention of presenting incorporated banking offerings to citizens and groups.
He defined that the final touch fee of the task to restructure Rafidain financial institution has reached its final stages, stressing that it’s going to input into pressure in the following couple of days, within the framework of a plan that has been studied and applied in line with the mounted standards and specifications.