The delegation was particularly interested in exploring possibility of training Rasheed Bank staff at MCB due to its innovative, efficient operations in risk management, treasury operations, branchless, mobile banking and its use of latest banking technologies.

Nashoor discussed introducing these technologies in 162 branches of Rasheed Bank.

MCB has strategic plans for radical reforms like training human resources, producing new bank services including Islamic exchange, integral banking through computer, modern banking communication system, extending banking ties outside Iraq, opening new branches both inside Iraq and abroad.

A MCB press release said interest shown by second largest Iraqi bank in MCB’s banking expertise is testimony to the prestige the leading Pakistani bank enjoys at the international level.

Its international exposure includes record-breaking sale of 20 percent stake of MCB to Maybank of Malaysia for $902 million, prestigious Best Bank Led Mobile Money Transfer Award 2011, newly formed leasing subsidiary in Azerbaijan and JV with Euronet Worldwide for formation of Euronet Pakistan.

Copyright PPI (Pakistan Press International), 2011