Maliki Appoints New Boss to Trade Bank of Iraq

Iraq’s Prime Minister, Nuri al-Maliki, has appointed Hamida al-Jaf as head of the state-owned Trade Bank of Iraq, replacing Hussein al-Uzri amid investigations into alleged corruption, the bank’s deputy director general said.

“The Trade Bank of Iraq is operating normally and people have confidence in the bank,” Deputy Director General Abdel Hadi Sadeq Abdel Mahdi told Bloomberg in a telephone interview. Asked if he knew the whereabouts of al-Uzri, he said “we don’t know”, but declined to comment further on the investigation.

Ali al-Allaq, secretary general of the Council of Ministers, said on Monday that Iraq will ask Lebanon to hand over al-Uzri.

Al-Jaf, the new head of the trade bank, previously worked at state-owned Rafidain bank. “She is a well-respected banker, with 30 years of experience,” Abdel Mahdi said.

(Source: Bloomberg)

One Response to Maliki Appoints New Boss to Trade Bank of Iraq

  1. […] on 19 July 2011. Tags: Trade Bank of IraqPages: 1 2 According to a report from Reuters, the new president of the Trade Bank of Iraq said on Monday that the bank is operating normally and expansion plans are moving ahead, its new […]

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  1. Trade Bank of Iraq “Operating Normally” | Iraq Business News - July 19, 2011

    […] on 19 July 2011. Tags: Trade Bank of IraqPages: 1 2 According to a report from Reuters, the new president of the Trade Bank of Iraq said on Monday that the bank is operating normally and expansion plans are moving ahead, its new […]