Central Bank gives the bank "Standard Jartrd" global license to open a branch in Iraq

11/25/2013 15:08
[ltr]Tomorrow's Press / BAGHDAD: Iraqi Central Bank, on Monday, that the proposals applicable laws and private banks civil, will be the draft is submitted to the Iraqi parliament for consideration and approval within the agenda, noting that Bank granted "Standard Jartrd" global license to open a branch in Iraq to carry out banking available.

The governor of the Iraqi Central Bank and the Agency Abdel Basset Turki for "tomorrow's Press", on the sidelines of the launch of the workshop on the development and amendment of laws No. 27 and 28 for the organization of the work of private banks and private that "the Bank seeks to regulate the work of banks and give it a wider area of ​​project finance and growth investment not only in Gaza only money. "

He noted that "the central bank said on Monday agreed to grant a license to work Standrdjartrd World Bank to open branches in Iraq and the practice of banking activities available."

The central bank held for the second day in his workshop to discuss the special laws of private banks.[/ltr]


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[ltr]Central Bank agrees to open a branch of a British bank in Baghdad[/ltr]



[ltr]11/25/2013 - 14:01[/ltr]


[ltr]And approved by the Iraqi Central Bank, on Monday, to open a branch of a British bank in Baghdad, expecting the bank to proceed with its business before the end of this year.

The bank said in a statement received "Alsumaria News", a copy of which, "The Bank announced the granting of a license to do Jartrd British Standard Bank to open a branch in Baghdad to practice various banking activities."

The bank added that "the delegate told the bank in Iraq this approval," expected to "proceed with its bank by the end of this year."

A number of private banks have criticized last July opening of foreign banks in Iraq, saying they do not meet the ambitious and keep away from the economic reality of Iraq. [/ltr]


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It was opened by Prime Minister Nuri al-Maliki on June 24, the last one for Citibank branches in the U.S. Green Zone, the first U.S. bank to be opened in Baghdad, while a number of reservations on opening Iraqi banks was considered that would threaten their work.[/ltr]