The Association of Banks and the Federation of Egyptian Banks sign a memorandum of understanding

Economy

3-02-2022, 21:05

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Baghdad-INA

The Association of Iraqi Banks announced today, Thursday, the signing of a memorandum of understanding with the Federation of Egyptian banks to develop banking relations between the two countries.

The association said in a statement received by the Iraqi News Agency (INA), that "today, a memorandum of understanding was signed with the Federation of Egyptian Banks, in the presence of the Governor of the Central Bank, Mostafa Ghaleb, and his Egyptian counterpart, Tariq Amer," noting that "the memorandum aims to establish an effective partnership between the banking sector in the two countries at various banking levels .

"The president of the association, Wadih Al-Handal, signed the memorandum, in addition to the head of the Federation of Egyptian Banks, Mohamed Mahmoud Al-Etreby." Added in

The head of the Association of Banks said, according to the statement, "We are pleased with the close cooperation with the Federation of Egyptian Banks, which includes in its membership all banks operating in Egypt, which contributes to strengthening relations and partnership with Egyptian banks," explaining that "the Iraqi banking sector is making great strides towards leadership, thanks to the policy of The Central Bank, which now requires openness to all banks in Arab and foreign countries.

Al-Handal pointed out that "the memorandum of understanding will also focus on establishing joint training programs that include qualifying banking cadres in the two countries, as well as establishing partnerships between Iraqi and Egyptian banks."