\n 2026-07-11T16:58:30+00:00<\/p>\n
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Shafaq News- Baghdad<\/p>\n
Iraq’s Finance Ministry plans to merge Rafidain Bank with
\nRasheed Bank and the Cooperative Agricultural Bank with the Industrial Bank, a
\ngovernment source told Shafaq News on Saturday.<\/p>\n
The plan also includes merging several other banks as part “Restructuring the country’s largest banks would Earlier today, the Eco Iraq Observatory said<\/a> 81 banks and
\nof a broader financial, administrative, and infrastructure restructuring<\/a>
\nprogram. According to the source, the proposal was discussed extensively
\nbetween Finance Minister Falih Al-Sari and Prime Minister Ali Al-Zaidi, who set
\nan initial timeline of up to two years for completing the mergers and
\nrestructuring, adding that the process could be accelerated and finalized
\nwithin one year.<\/p>\n
\nstrengthen Iraq’s banking sector, support monetary and economic stability, and
\nenhance banks’ ability to manage transfers and cash transactions. It would also
\nhelp regulate the dollar market while supporting trade and broader economic
\nactivity.”<\/p>\n
\nrepresentative offices operate in Iraq, one of the highest totals in the Middle
\nEast, noting that banking services remain below expectations and that the
\ncountry still lacks fully integrated digital banks.<\/p>\n