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View Full Version : Banking Association calls for domestic banks to open branches overseas



Hue Mi
04-10-2014, 04:38 PM
Banking Association calls for domestic banks to open branches overseas (http://www.dananernews.com/News_Details.php?ID=4657)

2014-04-10

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Baghdad/JD/... The Association called on private banks, local banks to open branches abroad in support of economic activities in the country.

He said the Association's Executive Director Abdul Aziz Hassoun/JD/Agency: local banks with branches and reality began to improve for the better in terms of transactions, assets and developments in work, have the ability to open multiple branches in States with Iraq, facilitating the delivery of goods and financial transactions.

He added: the business dealings of Iraq very wide due to the need for development and increase imports from different origins, when a branch of an Iraqi bank abroad will facilitate many business transactions, plus it would reflect a positive image of the Iraqi economy.

The many branches of the Rafidain Bank in Iraq, where outside opened its first branch in Beirut, Lebanon, in 1948, and later opened a branch in Oman, Jordan in 1950, and in the same year opened a branch in Damascus /end/8/