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The Association of Banks and the Federation of Egyptian Banks sign a memorandum of understanding to develop banking relations

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The Association of Banks and the Federation of Egyptian Banks sign a memorandum of understanding to develop banking relations

Economie    Yesterday, 20:48
Baghdad - conscious


Today, Thursday, the Iraqi Banks Association announced 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 levels. banking levels.

She added, "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."

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."

For his part, President of the Federation of Egyptian Banks, Mohamed El-Etreby, expressed his happiness at signing the memorandum of understanding with the Association of Iraqi Private Banks, pointing out that

“the memorandum aims to achieve fruitful cooperation between the two parties in the field of exchanging experiences and knowledge and strengthening banking cooperation in all areas related to digital transformation, governance and legislation.”banking".

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