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Iraqi banks get a classification of international agencies

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ikea


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https://cbi.iq/news/view/1850

Iraqi banks get a classification of international agencies

October 20, 2021

   As part of the efforts of the Iraqi Central Bank for the development of the Iraqi banking sector and its international standards, 19 bank licensed banks on the classification of certified international classification agencies: (Capital Intelligence - FITCH - Moody's - Standard & Poors),

   Those banks will receive several banking facilities, reflecting the development of the performance of the banking sector in Iraq and sanctions and is evidence of its compliance with local and international standards.

   The central bank is seeking to increase the capacity of Iraqi banks to expand its network of international banks and enhance the confidence of citizens and investors, particularly after success in obtaining such classifications.

   
   Central Bank of Iraq
       information Office
   20 October 2021

tlm724

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Iraqi banks get a rating from international agencies

 
banks
Economy News _ Baghdad

The Central Bank of Iraq announced, on Wednesday, that 19 private Iraqi banks obtained a classification from international agencies.

The bank said in a statement received by "Al-Iqtisad News", that in the framework of the efforts made by the Central Bank of Iraq to develop the Iraqi banking sector and keep it in line with international standards, 19 licensed banks in Iraq obtained a classification from accredited international rating agencies: (Capital Intelligence - Fitch - Moody's Standard & Poors).

He added, "These banks will receive several banking facilities, which reflects the development of the performance of the banking sector in Iraq and the solvency of banks, and is evidence of their compliance with local and international standards."

It is worth mentioning that the Central Bank seeks to increase the ability of Iraqi banks to expand their network of relations with international banks and enhance the confidence of citizens and investors in them, especially after their success in obtaining such ratings.

Views 333   Date added 10/20/2021

https://economy-news.net/content.php?id=26640


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