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Central Bank agrees to open a branch of a British bank in Baghdad

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Post by Ponee Tue Nov 26, 2013 10:26 pm

November 26, 2013
 
Central Bank agrees to open a branch of a British bank in Baghdad
 
And approved by the Iraqi Central Bank, on Monday, to open a branch of a British bank in Baghdad, expecting the bank to proceed with its business before the end of this year.
 
The bank said in a statement received "Alsumaria News", a copy of which, "The Bank announced the granting of a license to do Jartrd British Standard Bank to open a branch in Baghdad to practice various banking activities."
 
The bank added that "the delegate told the bank in Iraq this approval," expected to "proceed with its bank by the end of this year." A number of private banks have criticized last July opening of foreign banks in Iraq, saying they do not meet the ambitious and keep away from the economic reality of Iraq.
 
It was opened by Prime Minister Nuri al-Maliki on June 24, the last one for Citibank branches in the U.S. Green Zone, the first U.S. bank to be opened in Baghdad, while a number of reservations on opening Iraqi banks was considered that would threaten their work.

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