The opening of a new branch of the Industrial Bank in Baghdad

2/10/2019


(Baghdad: Al Furat News) The Secretariat of the Council of Ministers announced on Sunday, the opening of a new branch of the Industrial Bank near the building of the Electoral Commission in Baghdad, to facilitate banking procedures.


The Secretariat said in a statement received by the agency {Euphrates News} a copy of it, "the Secretary-General of the Council of Ministers Mahdi Alalak, opened a branch of the Industrial Bank near the building of the Electoral Commission."

He stressed the importance of "the importance of banking expansion in providing services to citizens in light of the government’s trend towards the advancement of economic reality in the country and investment initiative of the Central Bank in facilitating banking and lending."

For his part, the Bank’s General Manager Bilal Sabah Hussein said, "The opening of the new branch comes to introduce electronic tools in the provision of its services in line with the development in the banking industry."

He explained that the new branch "will contribute to the process of settling salaries of state employees of the departments that fall within the scope of its work, through cards issued by the bank, which contributes to reducing the total cost of the process of paying salaries and keep cash within the banking system."

It is noteworthy that the Industrial Bank is one of the banks contributing to the process of settling the salaries of employees announced by the Central Bank of Iraq earlier

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