Central Bank agrees to open two branches of the Bank of fransabank Lebanese Iraq

03/24/2014



BAGHDAD / JD / .. Central Bank of Iraq agreed to open two branches of the Bank of fransabank Lebanese in Iraq, while the condition of the employment of at least 50% of the Iraqi personnel bankers.

The central bank said in a letter addressed to the Department of the Bank of Fransabank, seen by Agency / JD /: Decides to approve your bank to grant a license to conduct banking business in Iraq by Vraeikm in Baghdad and Erbil.

The condition of the central bank in his book that undertakes fransabank commitment to the instructions issued by the Central Bank, in addition to his commitment to Iraqi laws, and pay $ 10 million for licensing fees.

He said the bank within the conditions on the employment of at least 50% of the bankers and Iraqi personnel trained in the field of banking.


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