Standard Chartered plans to expand in Iraq with UK government help - The National

Standard Chartered plans to expand in Iraq with UK government help - The National:

"Standard Chartered is counting on the assistance of the British government to help it to open branches in Iraq by the end of the year.

The move is part of its bid to steal a march on banks from the United States as the coalition allies who ousted Saddam Hussein attempt to carve up Iraq's market for financial services.

The British bank is preparing to launch three branches in the country within the next year and a half as it seeks to tap into the financing needs of oil-rich Iraq's reconstruction from a decade of conflict."

'via Blog this'