******** The Association of Private Banks announces its support for international banking companies to enter the Iraqi market

Admin Wed Apr 25, 2018 5:47 pm

Economy News Baghdad:

The President of the Association of Private Banks, Wadih al-Hanalal, that the Association of private banks supports all the directions of international companies specialized in the field of banking services to enter strongly in the Iraqi market.

"I am pleased to congratulate you on the signing of a memorandum of understanding between the Central Bank of Iraq and Visa International, which comes in the context of the strategy developed by the Central Bank for the development of electronic payment systems in Iraq," Al-Hantal said in his speech during the signing ceremony of the Central Bank's agreement with Visa International. And the application of financial coverage after the great steps through which the bank to develop the systems and instructions necessary for the success of this project and the construction of infrastructure through the establishment of the national division and develop it to meet through banks and companies the growing needs of the Iraqi society to transform from a society depends on the deal Te financial cash-based society to digital banking. "

He added that "the presence of international companies in Iraq is evidence of the increasing interest of these companies in the Iraqi market because it represents a great attraction within the region and a promising market everyone looks forward to service and harvest the fruits of this service gradually to reflect on the growing volume of business and profits of different institutions."

He stressed that "the Association supports all trends of international companies specialized in the field of digital banking services to enter strongly to the Iraqi market and is ready to provide everything that is necessary and within its capacity to ensure the success of this trend."

"We hope that the memorandum between the two parties will quickly come into effect and we hope that Visa International will achieve prosperity and expansion in the Iraqi market.

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