Central Bank Governor chairs meeting to restructure Rafidain Bank

Today, Monday, the Central Bank of Iraq’s governor, Ali Mohsen Al-Alaq, chaired a meeting to restructure Rafidain Bank.

“The supervisory committee for the restructuring process of Rafidain Bank, headed by the Governor, Central Bank of Iraq, Ali Mohsen Al-Alaq, met in the presence of committee members representing the Ministry of Finance, advisors to the Prime Minister, and senior staff at the Central Bank of Iraq, as well as the global consulting firm, Ernst & Young,” explained a statement from the Central Bank of Iraq.

He stated that “the meeting discussed the process of organizing the administrative, financial, and technical structure of Rafidain Bank to head toward the best global banking practices” and added 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.”.