By John Lee.
The Iraqi Private Banks League (IPBL) has renewed its joint cooperation agreement with the Frankfurt School of Finance & Management, in a strategic step aimed at strengthening professional integration between the Iraqi and German banking sectors and supporting institutional development in line with international best practices.
The agreement was signed on behalf of the IPBL by Deputy Executive Director Ahmed Al-Hashemi, and on behalf of the Frankfurt School by Ekon Dossé, Director of International Advisory Services.
Under the renewed framework, both sides agreed to expand cooperation into areas including banking performance, corporate governance, financial innovation, training and advisory services, strategic development, institutional capacity building, technical knowledge exchange, digital transformation, compliance, and risk management. The objective is to enhance the operational readiness and competitiveness of Iraqi banks.
The two parties stated that the next phase will involve a more active institutional role as a professional bridge between the Iraqi and German banking sectors, including the creation of direct communication channels, joint dialogue platforms, and structured knowledge exchange between financial institutions in both countries.
They further emphasised that the partnership will support Iraqi banks' access to German institutions and markets, while encouraging German banks and companies to explore investment opportunities in Iraq. This will be facilitated through improved regulatory understanding, strengthened professional networks, and the development of mutual trust to enable sustainable financial and economic partnerships.
The initiative aligns with the reform agenda of the Central Bank of Iraq (CBI) to enhance institutional and digital efficiency, integrate Iraq's financial sector into the international financial system, and deepen economic cooperation between Iraq and Germany.
(Source: IPBL)
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