The Iraqi Private Banks League, in cooperation with the American-Iraqi Association of Energy Engineers (AEE), organized a workshop titled “Secure Energy, Sustainable Iraq: Energy Management in the Banking Sector”, attended by representatives of several Iraqi private banks at the League’s headquarters in Baghdad.

The workshop focused on the banking sector’s role in financing renewable energy projects and the opportunities available for banks to develop financial products and services that support the transition toward sustainable energy. Discussions also addressed the financial and technical aspects of energy management and mechanisms for improving energy consumption efficiency in banking buildings and facilities, thereby reducing operational costs and enhancing banks’ financial efficiency.

The workshop also highlighted the importance of strengthening the role of private banks in supporting investment in the energy sector and expanding bank financing for projects that utilize modern technologies and energy-efficient solutions. Such efforts could create new opportunities for credit activities while contributing to economic diversification and sustainable development in Iraq.

The workshop is part of the Iraqi Private Banks League’s ongoing efforts to develop the banking sector’s capabilities, strengthen its role in financing promising economic sectors, and encourage banks to adopt sustainable banking practices. These efforts align with emerging trends in green finance and aim to enhance the banking sector’s contribution to economic development.