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ty rocky for this article...Iraq seeks to open up banking cooperation at the Arab and international

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ty rocky for this article...Iraq seeks to open up banking cooperation at the Arab and international
by establishing a banking relationship with them aimed
at increasing the volume of external banking transactions through the
opening letters of credit
and the issuance of letters of guarantee and conducting investment
operations and conversions
Alforeigh.ovi this context, general manager of the Rafidain Bank spokesman
Kamal al-Hassani
said: bank seeks to achieve further supporting the national economy and keep
pace with the
achievements reached by the developed world in the banking systems, he has
been putting the
finishing touches to complete the project activate MasterCard service, in
coordination with the
company's global card Alzkih.bhsp morning newspaper
He explained that this project is one of the financial achievements in the
monetary and credit
banking field so that the Rafidain Bank to provide services to customers in
line with the evolution
of the developed countries in the field of shopping at markets through
direct card or the
Internet for the purpose of withdrawing the money, along with the use of
devices ATM deposited
by this service.
And between Hassani he can be defined MasterCard card as a credit card
the financial balance
and allow the holder to drag them at any time, anywhere he pleases, and
advantages of
this service that depart bearer
for dealing amounts of cash (Cache) in addition to the possibility of use in
many areas of
daily life .
He noted that the Rafidain Bank seeks to achieve pay retirees residing
outside Iraq the electronic card Maydmn them easier to use the card from any
yield to any external
bank and the development of cadres working in the bank's general manager
said the Rafidain
Bank is seeking to raise the level of performance of all cadres have been
the agreement with
foreign banks to set up training courses for the staff of the bank to be
trained on the
latest-the-art banking technologies in banking transactions and access to
the latest developments
He said al-Hassani said there are future trends include the restructuring of
the bank and
rid the budget of the previous debt which has settled nearly 90 percent of
which has made
us visible to the budget of the bank also has developed a plan for expansion
and openness
to the world and presence through external Jdidh.ozkr that the branches of
the bank
branches in London was founded in 1952 and is the first Arab bank in Europe
and has had
a prominent role in the banking performance outside Iraq, in addition to
being filled
distinct building in the area (Leiden Hull Street), noting that in the light
of settlements that
have been completed and the payment of the debt of the United Kingdom made
top management
of the bank's efforts to restore presence in this edifice where the branch
license is still pending
and is null and void, in addition to the British side expressed its
willingness to re-examine
the section to be modern old window for the exchange of trade and
.banking operations with Iraq
He noted that the number of bank branches are currently 161 branches in Iraq
in addition to the 7
overseas branches which both Cairo, Beirut, Abu Dhabi, Bahrain, Sana'a,
Amman, Jabal Amman
Founded Rafidain Bank under Law No. (33) for the year 1941 and started
operations on
with a paid up capital of $ (50) fifty thousand dinars, over the bank 's
several stages during
his historic career consisted primarily his presence as the first national
bank practiced
banking business among several banks foreign, and began the gradual
expansion within
the country , and has gone through multiple merging began in 1964
,commercial banks
that were operating in Iraq , where they were in 1974 ,consolidated with the
Bank of Iraq
, which the commercial Bank became the only
one in Iraq, which included
continued working alone in the banking field until 1988 which saw the
establishment of
another government bank is the Rasheed Bank , who began his work with
branches of the
Rafidain Bank , which moved its business to him         [You must be registered and logged in to see this link.]

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