Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» I am too pretty for math, but....
New international bank moved into IRAQ! I_icon_minitimeWed Jun 12, 2024 6:56 pm by Mission1st

» Interesting article
New international bank moved into IRAQ! I_icon_minitimeWed Jun 12, 2024 6:34 pm by Mission1st

» Phony Tony: New Platform, same old song and dance
New international bank moved into IRAQ! I_icon_minitimeWed Jun 12, 2024 6:32 pm by Mission1st

» The Craziness of Scam by "Tony TNT Renfrow" and the Iraqi Dinar Currency Scam
New international bank moved into IRAQ! I_icon_minitimeTue Jun 11, 2024 12:26 pm by Mission1st

» Even conspiratorial currency speculators aren’t buying a Russian ruble revalue - It’s not the next the Iraqi dinar
New international bank moved into IRAQ! I_icon_minitimeMon Jun 10, 2024 1:04 pm by RamblerNash

» Go Russia
New international bank moved into IRAQ! I_icon_minitimeSat Jun 08, 2024 5:20 am by Dorotnas

» The Fundamentals of Finance and Pimpy Live
New international bank moved into IRAQ! I_icon_minitimeFri Jun 07, 2024 5:02 pm by Dorotnas

» Carnival Rides
New international bank moved into IRAQ! I_icon_minitimeFri May 10, 2024 5:03 pm by kenlej

» Go Russia
New international bank moved into IRAQ! I_icon_minitimeSun May 05, 2024 10:51 am by kenlej

» Textbook Tony
New international bank moved into IRAQ! I_icon_minitimeMon Apr 29, 2024 4:13 pm by Mission1st

» The Rockefellers and the controllers are freaking out right about now
New international bank moved into IRAQ! I_icon_minitimeFri Apr 26, 2024 11:16 am by kenlej

» Phony Tony sez: Full Steam Ahead!
New international bank moved into IRAQ! I_icon_minitimeSat Apr 13, 2024 11:51 am by Mission1st

» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
New international bank moved into IRAQ! I_icon_minitimeSat Apr 13, 2024 11:45 am by Mission1st

» Russia aren't taking any prisoners
New international bank moved into IRAQ! I_icon_minitimeFri Apr 05, 2024 6:48 pm by kenlej

» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
New international bank moved into IRAQ! I_icon_minitimeWed Mar 27, 2024 6:02 am by Ditartyn

» ZIGPLACE
New international bank moved into IRAQ! I_icon_minitimeWed Mar 20, 2024 6:29 am by Zig

» CBD Vape Cartridges
New international bank moved into IRAQ! I_icon_minitimeThu Mar 07, 2024 2:10 pm by Arendac

» Classic Tony is back
New international bank moved into IRAQ! I_icon_minitimeTue Mar 05, 2024 2:53 pm by Mission1st

» THE MUSINGS OF A MADMAN
New international bank moved into IRAQ! I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

»  Minister of Transport: We do not have authority over any airport in Iraq
New international bank moved into IRAQ! I_icon_minitimeMon Mar 04, 2024 11:40 am by Verina

New international bank moved into IRAQ!

Go down

New international bank moved into IRAQ! Empty New international bank moved into IRAQ!

Post by Guest Fri Feb 22, 2013 5:01 pm

cashingIn


In a move that is likely to mark the start of a new era for the Iraq Stock Exchange (ISX), National Bank of Kuwait (NBK) has begun offering custody services for ISX-listed shares through its 80%-held subsidiary Credit Bank of Iraq. This is arguably the most important step forward for the ISX since the implementation of electronic trading in 2009. At last the door is open for large institutional investors to enter the Iraqi market. (See this post for more on the significance of the custody issue.)

Credit Bank of Iraq received a custody license at the end of last year and just “went live” in January. So far the business has focused on custodying shares from the Asiacell IPO but they are now set up to custody all the existing names as well.

NBK will be an acceptable counterparty both for institutional investors and (as a subcustodian) for global custodians. With about US$ 58 billion in assets, it is Kuwait’s largest bank and also one of the largest in the Middle East. It has also been on Global Finance magazine’s list of the world’s fifty safest banks for the past six years and is the top rated bank in the region. In addition, NBK’s custody services now cover not only Iraq but also the GCC and Egyptian markets—an important consideration for institutions looking for a “one-stop shop.”

With a custodian of this caliber on board, the ISX is now in a position to mobilize significant amounts of foreign capital. This is important not only because the listed companies will have greater access to financing but also because increased participation by international investors will incentivize the introduction of best practices at local financial institutions. NBK’s custody breakthrough is thus a breakthrough not only for the Kuwaiti bank and its clients but for Iraq’s capital markets as well.


http://www.iraq-businessnews.com/2013/02/22/nbk-makes-custody-breakthrough/

Guest
Guest


Back to top Go down

New international bank moved into IRAQ! Empty Re: New international bank moved into IRAQ!

Post by Terbo56 Fri Feb 22, 2013 5:37 pm

I'll bet I know what the President and vice President's names are- Ben Dover,President, and Phil McCracken, vice president, I think they have twin quadraplegic brothers, that he leaves hanging above his livingroom window all day long, and I think their names are 'CURT and ROD'-New international bank moved into IRAQ! 4115835343
Terbo56
Terbo56
VIP Member
VIP Member

Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum