Central Bank: requests for the opening of branches of overseas banks

Central Bank: requests for the opening of branches of overseas banks

As of: Wednesday 5/25/2011 5:48



 Baghdad / follow-term economic
City Bank provides one of the largest U.S. banks apply to open a new branch in Iraq.
Detection and appearance of the central bank adviser Mohammed Saleh said that other requests came from many international banks to open branches in Iraq, explaining that the Iraqi Central Bank gives licenses to build on the international rankings to the size of the banks.


And valid according to "Radio Sawa", seven international banks that have already opened branches in Iraq, noting that a similar number last entered a partnership with local banks.
The lack of Iraq to the banking effort required to contribute to the reconstruction what experts called to demand the restructuring of banks

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