Iraqi banking reform, Prime Minister Mohammed Shia Al-Sudani led a meeting with Iraqi bank leaders to boost banking sector development.
During the session, he stressed the importance of Iraqi banking reform as essential for economic growth and public trust.
Additionally, he ordered banks to simplify all procedures to make services faster and more user-friendly. He also urged banks to adopt modern technology for improved performance and better customer experience.
Moreover, the Prime Minister emphasized the need to restore public trust in Iraq’s financial system. To achieve this, Iraqi banking reform he encouraged banks to actively promote savings and stimulate deposit activity across all regions.
Additionally, Al-Sudani praised banks that already made strides toward digital transformation and client satisfaction. He urged all institutions to follow this model to achieve full national progress.
Furthermore, he highlighted that reforming banks would help finance strategic development projects. These efforts aim to diversify the economy and reduce reliance on oil revenues.
The Prime Minister stated that investment in Iraqi banking reform supports both citizens and national companies. By improving financial access, he believes the private sector can grow stronger and faster.
Meanwhile,Iraqi banking reform the government plans to continue its financial modernization policies in close partnership with the Central Bank. These include pushing forward with e-payment systems and mobile banking tools to increase financial inclusion.
Al-Sudani also mentioned the importance of training bank staff to handle new digital systems. This step ensures banks serve customers better and align with international standards.
In addition, the Prime Minister promised government support for banks that adopt clean governance practices. He noted that transparency and professionalism would raise investor confidence in Iraq.
Through these actions, he envisions a stable banking sector that meets global expectations. Iraqi banking reform stands as a top priority in the country’s economic roadmap.
Al-Sudani affirmed his full backing for any initiative that improves banking services. He said this commitment reflects the broader strategy to build a strong, modern national economy.
The meeting concluded with bank heads agreeing to fast-track digital upgrades and policy changes. Together, they pledged to deliver a secure and efficient banking future for all Iraqis.
