Search found 1 match for ByeFelicia

Lebanese banks to exit Iraq over increasing compliance demands

If you had ANY doubt, just know this is FANTASTIC news! When a bank balks at compliance, and most likely transparency in transactions, it bode's dire for the banks ethical practices. Is the bank corrupt? who knows. However, it says a lot in the fact they are exiting the country. #ByeFelicia Iraq appears to be throwing out the trash.

The banks that have been earmarked for imminent closure are Fransabank, IBL, Credit Libanais and BLF, according to sources.

Topics tagged under byefelicia on Dinar Daily 200908074330RYSF

BEIRUT: A number of Lebanese banks operating in Iraq have decided to shut down their operations in the country due to increasing compliance demands and growing risks factors, a leading banker said Monday.

The banks that have been earmarked for imminent closure are [size=16]Fransabank, IBL, Credit Libanais and BLF, according to sources.[/size]

https://www.zawya.com/mena/en/business/story/Lebanese_banks_to_exit_Iraq_over_increasing_compliance_demands-SNG_183999131/