IFC Helps AIB Strengthen its Risk Framework, Governance and Open Doors for Digital Banking in Iraq

IFC, a member of the World Bank Group, signed an agreement with Ashur International Bank (AIB), one of the leading private banks in Iraq, to help the bank in improving its corporate governance, and developing a digital banking strategy. Under this agreement, IFC will support AIB in its endeavor to strengthen its corporate governance and risk management framework in line with international best practices, and help the Bank, in collaboration with the leader payment company (Al-Amwal Co.), in developing a digital banking strategy.

This will help AIB to ensure a sustainable and more balanced growth and be in a better position to expand its outreach and services to Iraqi individuals and businesses.