The International Development Bank won the membership of the Union of Arab Banks

Tuesday, April 23,



The International Development Bank won the membership of the Board of Directors of the Union of Arab Banks, the first time that the private banking sector in Iraq is a member of the Arab Union.

The Union of Arab Banks was established in 1973 and is headquartered in Lebanon and operates under the umbrella of the League of Arab States. It aims to develop the Arab banking sector through partnerships between Arab banks.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, in a press statement received by the Iraqi News Agency (INA), on Tuesday, that "the Chairman of the Board of Directors of the International Development Bank Engineer Ziad Khalaf Abdul, joined the Board of Directors of the Union of Arab banks, "It is" the first time in the history of the Union of Arab banks, which is a member of the Board of Directors of the Union of banks of Iraqi private banks to be the voice of all banks in Iraq. "

He added that "the victory behind the beginning of a mission to open Iraq to Arab banks and partnerships to develop the infrastructure of the Iraqi banking sector."

Ziad Khalaf is the Chairman of the Board of Directors of the International Development Bank and is considered one of the important bankers who have made a qualitative leap in the Iraqi banking sector through the success of the International Development Bank by occupying the first place in technology provided to the public.

The Development Bank was established in 2011 and has a capital of $ 250 billion. It owns more than 15 branches inside and outside Iraq and has deployed several ATMs and points of sale in commercial centers, hotels and branches.


http://www.ina.iq/85701/%D9%81%D9%88%D8%B2-%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D8%A8%D8%B9%D8%B6%D9%88%D9%8A%D8%A9-%D8%A7%D8%AF%D8%A7%D8%B1%D8%A9-%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9