Tuesday 28 January 2014

Iraq to welcome two foreign banks | The National

Iraq to welcome two foreign banks | The National:



"Iraq’s central bank will be approving licences for two foreign banks to operate in the country.



The bank has received “several applications” but so far only two have been approved.



“We are going to give approval for two, they are from the region but not the Gulf. One of them will immediately open seven branches,” said Abdul Bassit Turki, the governor of the Central Bank of Iraq and chairman of the Federal Board of Supreme Audit."



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