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View Full Version : The completion of 90% of the stages of the restructuring of the Rafidain and Rasheed



BatmaninIraq
02-21-2016, 09:02 AM
Revealed that the Ministry of Finance, on Saturday, announced the completion of 90% of the stages of bank restructuring Rafidain and Rasheed, confirmed the move to draft restructuring through a global mechanism to support Iraq's financial situation.

The general director of the Bank of Rasheed Mohammed Abdel-Wahab said in an interview to the (long-Presse), "The bank restructuring Rafidain and Rasheed process that began years ago in order to give the biggest banks support through credit mechanism globally. "

said Abdul Wahab, that" 90% of the stages of the restructuring of the two banks has so far, "stressing that" the process of a restructuring of the two banks to support the Iraqi financial situation. "
the governor of the Iraqi Central Bank on the Keywords have revealed, in the (November 2015), for a proposal to restructure the bank Rafidain and Rasheed to the large number of administrative and technical their problems, as he pointed to the possibility of putting some of their shares to the private sector.

the Rafidain Bank confirmed, in the (November 2014) , demanding that parliament was restructuring with Rasheed Bank, does not mean it separated from the Ministry of Finance, but come to improve and Aqahma and increase their efficiency and automation of their work along the lines of international banks, noting that cases of breach recently witnessed that motivated with the Central Bank of Iraq, to reconsider the system of electronic clearing to put Posting "tougher" to control it almost completely.