Kurdistan's Finance Ministry and TBI to open new branches, distribute 10,000+ bank cards
Shafaq News/ On Saturday, theKurdistan Region's Ministry of Finance and Economy announced an agreement withthe Trade Bank of Iraq (TBI) to open new branches in Al-Sulaymaniyah and Erbil.
The ministry stated that itsaccounting team, in collaboration with a technical team from TBI, had agreed toexpedite employee record documentation, bank card issuance, and ATMinstallation in the Kurdistan Region.
“The agreement covers the opening oftwo new TBI branches in Erbil and Al-Sulaymaniyah, along with the installationof ATMs at My Account (Hisabi) centers across the Region,” it affirmed. “Additionally,over 10,000 TBI bank cards will be distributed soon.”
The Ministry urged employees whohaven't registered yet to visit Hisabi centers to complete the process andthanked those who have patiently waited despite the challenges, hoping theywill receive their accounts and bank cards soon.
On Sunday, TBI announced the signingof a contract for the Hisabi project, aimed at domiciling salaries foremployees in the Region in partnership with the Regional Government (KRG).
The "My Account" project,launched by the Kurdish Government under PM Masrour Barzani, modernizesemployee financial services, offering over 19 monthly banking services,including salary payments and loans, for 2500 IQD.
Supported by the Central Bank ofIraq, it aims to integrate all employees, enhance transparency, and combatcorruption, contributing to economic development in the Region.
Employees can collect their salariesfrom various payment centers across the Region without needing to visit banks.The project aims to reduce cash dependency and improve the efficiency andsecurity of payment processes.
