The Iraqi Trade Bank opens two branches in Saudi Arabia and Turkey

Release Date: 2018/5/3 9:02
[Ayna-Baghdad]

The Iraqi Trade Bank (TBI) disclosed the approval of the Saudi Monetary Agency to open a branch of the bank in the capital Riyadh to intensify financial and monetary cooperation between the two countries.

"The Saudi Monetary Agency informed the Governor of the Central Bank of Iraq on the approval of the opening of a branch of the Iraqi Bank for Trade in Riyadh to intensify financial, monetary and economic cooperation between the two countries, on the sidelines of the participation of the relations in the meetings of the Arab Monetary Fund Which was held recently in Tunisia. "

He noted that "the bank is currently waiting for approval in a formal way to be able to open the branch there."

"The Board of Directors of the Iraqi Trade Bank recently approved the opening of a branch of the bank in Turkey, especially that the volume of trade exchange between the two countries amounts to 10 billion dollars annually, noting that" these steps come after the success of the bank in the opening of an office in the Abu Dhabi market Global financial crisis. "

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