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The Central Bank enhances the capabilities of the Banking Guarantees Company
December 18, 2024
The Central Bank of Iraq revealed that it has set a priority within its various strategies to improve the capabilities of the Banking Guarantees Company. Stressing that
one of the tools to support the banking sector is providing bank guarantees to enhance financial depth.
The Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad Khalaf, said during a speech he delivered during the Eighth International Guarantee Conference held in Baghdad: Organizing
this conference contributes to enhancing cooperation and achieving a comprehensive and sustainable vision for the partnership between the banking and real sectors, indicating that
developing the banking sector and increasing credit All types depend on providing adequate guarantees to owners of large, medium and small projects. He added that the
loan guarantee company is one of the pillars of financial stability in Iraq, considering
bank credit as a basic pillar and catalyst for economic growth and job creation. In his entire speech, the Deputy Governor stated that the
Central Bank of Iraq had prepared, as part of its diverse strategy, to enhance the capabilities of the Banking Guarantees Company,
revealing the establishment of a committee from the Central Bank of Iraq with membership in the Association of Private Banks to improve the performance of the Banking Guarantees Company. It is worth noting that the
Central Bank of Iraq has previously launched the national lending strategy, which focuses on providing financing for small and medium enterprises.
Central Bank of Iraq
December 18, 2024
Media office
https://cbi.iq/news/view/2740
December 18, 2024
The Central Bank of Iraq revealed that it has set a priority within its various strategies to improve the capabilities of the Banking Guarantees Company. Stressing that
one of the tools to support the banking sector is providing bank guarantees to enhance financial depth.
The Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad Khalaf, said during a speech he delivered during the Eighth International Guarantee Conference held in Baghdad: Organizing
this conference contributes to enhancing cooperation and achieving a comprehensive and sustainable vision for the partnership between the banking and real sectors, indicating that
developing the banking sector and increasing credit All types depend on providing adequate guarantees to owners of large, medium and small projects. He added that the
loan guarantee company is one of the pillars of financial stability in Iraq, considering
bank credit as a basic pillar and catalyst for economic growth and job creation. In his entire speech, the Deputy Governor stated that the
Central Bank of Iraq had prepared, as part of its diverse strategy, to enhance the capabilities of the Banking Guarantees Company,
revealing the establishment of a committee from the Central Bank of Iraq with membership in the Association of Private Banks to improve the performance of the Banking Guarantees Company. It is worth noting that the
Central Bank of Iraq has previously launched the national lending strategy, which focuses on providing financing for small and medium enterprises.
Central Bank of Iraq
December 18, 2024
Media office
https://cbi.iq/news/view/2740
