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The first European bank to open a branch in Erbil

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The first European bank to open a branch in Erbil Empty The first European bank to open a branch in Erbil

Post by RamblerNash Tue Sep 18, 2018 10:18 pm

The first European bank to open a branch in Erbil

45 banks, including the Arab working in the province of Kurdistan

18/09/2018 - 13:30 Economy / Kurdistan

The first European bank to open a branch in Erbil 5b6415c5002b315ff5566154ffb6ac77_L

Is scheduled to open the first European bank branch in Erbil, the capital of the Kurdistan Region, according to an official in the Federation of Chambers of Commerce and Industry in the Kurdistan Region.

Baki Mohammed, member of the Federation of Chambers of Commerce and Industry, told (Basneoz) on Tuesday that the Bulgarian bank will open a branch in Arbil, adding that they are waiting to complete the approvals by the Central Bank of Iraq to carry out their duties.

Mohammed said that a delegation of Bulgarian chambers of commerce and industry will visit the Kurdistan region in mid-November, stressing that the Bulgarian step is evidence of confidence in the promising economic future of the region.

The Kurdish economic official also said that the opening of a European bank in Kurdistan region is of great importance because it gives confidence to the economy of Kurdistan. It will also encourage banks and other economic and commercial institutions to come, increase confidence in the banking system in the region and provide facilities for foreign and local investors and businessmen. .

The Kurdistan region currently has 45 banks, including Arab banks.

The governor of Erbil, Nawzad Hadi, announced earlier this week that the Islamic Trust Bank is scheduled to open a branch in the Kurdistan region and to grant small and medium loans ranging from 5 million to 50 million Iraqi dinars.

http://www.basnews.com/index.php/ar/economy/kurdistan/466849

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