The concept of financial inclusion & the objectives

Based on the Central Bank of Iraq role in building up the levels of financial inclusion through delivering banking services to all people fairly and clearly with a competitive price under the aim of supporting young people and entrepreneurs.

The events of the financial inclusion will start from 27 April 2018 to 4 June 2018

The concept of financial inclusion

The financial inclusion means a group of procedures and policies which targets making financial and banking services available to all people; including those with special needs, of low or limited income, employees, who have simple crafts and present services; very small; small; medium businesses owners ;and students). Taking in to account their needs and living conditions in a fair transparent manner.

the objectives

  1. To deliver banking services to all people fairly and clearly with affordable prices .
  2. To develop the society, raise the awareness of the clients and encourag them to improve their knowledge and skills which are necessary to run their money and make right decisions.
  3. To stimulate the economic growth and stability of the financial system.

SOON: CBIQ Will be providing electronic services to its respective clients

CBIQ will be providing electronic services to its respective clients, which shall include:

Internet banking: CBIQ aspires to provide the best services by keeping up with safe and modern technological trends that allow banking clients to take advantage of e-banking services by connecting to the internet through a computer or a smartphone, from anywhere in the world. A client can complete a financial transaction without the need to visit a bank’s branch. A client can transfer funds between multiple accounts, obtain a bank statement, check account balances, transfer money to another client’s account within the same bank, as well as the ability to submit applications to acquire a chequebook and opening a bank account. All of the previous services are available by ease and clarity and has the highest level of safety.

B2B Services: B2B integration platform is a custom built application to meet the diverse banking business requirements of corporate customers through seamless integration with the corporate ERP system or financial accounting systems. The B2B Platform acts as a single online interface for the corporate customers to perform secure financial transactions, improving the operational effectiveness and reducing the overall dependencies. B2B provides customer with seamless and secured facilities to effect fund transfers including supplier & third party payments and salary transfers through electronic connectivity between the customer and the bank. Further, it facilitates processing of collection proceeds on behalf of the customers and supports account reconciliation requirement by providing account statements in various formats. The platform which is modeled as a secure Host-To-Host service is the right choice for any corporate customer in the new digital era.

CBIQ recently opened a new branch at Basra Times Square Mall

Commercial Bank of Iraq (CBIQ) recently opened a new branch in Basra Times Square Mall to provide outstanding banking services, using modern mechanisms for bank customers in addition to growing investments which positively reflects on various sectors in the economy.