The Association of Banks organizes a meeting aimed at reaching the low-income classes
Sunday, March 27 2022 12:27 AM
Baghdad / National News Center
The Iraqi Private Banks Association organized, today, Saturday, a meeting between the Arab Gulf Program for Development “AGFUND”, for the purpose of discussing the establishment of a specialized microfinance company in Iraq.
And the Central Bank of Iraq stated in a statement, received by the “National News Center”, that “in the presence of the Deputy Governor of the Central Bank, Ammar Hamad, the Association of Iraqi Private Banks organized a meeting between the Arab Gulf Program for Development “AGFUND” in the presence of its chief advisor, Badr Al-Din Abdul Rahman, and private banks operating in country, for the purpose of researching the establishment of a specialized microfinance company in Iraq.
The statement added that "the company aims to reach the low-income classes and micro-enterprises in society, and lend them to finance their projects or establish new ones, and enhance the concept of financial inclusion."