The Iraqi Private Banks League (IPBL) has renewed its cooperation agreement with the Frankfurt School of Finance & Management. Consequently, Iraqi banks aim to strengthen operations and expand international partnerships. This strategic move will further enhance professional integration between Iraq’s financial sector and German institutions.
Moreover, Deputy Executive Director Ahmed Al-Hashemi signed the agreement for the IPBL. Meanwhile, on behalf of the Frankfurt School, Director of International Advisory Services Ekon Dossé completed the signing. Together, both sides expressed their commitment to deepen collaboration.
Under the renewed agreement, Iraqi banks and German institutions will work together in multiple areas. For instance, they plan to focus on banking performance, corporate governance, financial innovation, and training programs. In addition, the initiative covers advisory services, strategic development, and institutional capacity building.
Furthermore, the agreement emphasizes knowledge sharing and technical exchanges. As a result, Iraq’s lenders will gain insights into risk management, compliance, and digital transformation. At the same time, German partners will provide guidance to strengthen operational efficiency and international competitiveness.
The partnership will also create direct communication channels between financial institutions in Iraq and Germany. It will additionally establish joint dialogue platforms to share best practices. Ultimately, both parties aim to build structured knowledge exchange programs to support sustainable growth.
This collaboration will help Iraqi banks access German markets and financial institutions more easily. Similarly, it will encourage German banks and companies to explore investment opportunities in Iraq. Moreover, both sides will focus on regulatory understanding, professional networking, and fostering trust.
The initiative aligns closely with the Central Bank of Iraq’s reform agenda. In particular, the CBI seeks to improve institutional efficiency, integrate local banks into the global financial system, and support economic cooperation. Consequently, experts say this agreement represents a significant step toward modernizing Iraq’s financial sector.
Overall, Iraqi banks will benefit from enhanced operational readiness and international exposure. Therefore, the renewed partnership demonstrates a shared commitment to innovation, governance, and professional excellence. As the collaboration continues, both Iraqi and German financial sectors are likely to see stronger ties and increased opportunities.
