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Hue Mi
05-28-2014, 04:33 PM
Jordanian Bank intends to increase branches from 8 to 20 branch by 2015 (http://8th-day.com/?p=49098)

Agency day 8
28, 2014
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بنك اردني ينوي زيادة فروعه من 8 الى 20 فرع بحلول 2015

Baghdad ((day)) _

A bank source revealed, Wednesday, its intention to increase its branches in Iraq to 20 branches next year 2015, stressing that the Iraqi market is promising because of the strategic projects worth billions of dollars to modernize infrastructure and energy sector.

The source quoted the Director of the Jordanian bank capital "Haitham kamhiyah" is expected to continue growing its banking market to contribute about 50% of the gross revenues after three years with the expansion of the Bank's activities in the trade and retail.

Expressing his intention "to increase the number of bank branches in Iraq to 20 branches next year, compared to eight branches.

Added kamhiyah who owns the majority stake in the Bank to "rise in the number of branches will increase its contribution to Iraq in its profits by the end of 2014 to 25% from 20% in the last year."

"The Iraqi banking market promising opportunity at a time when funding remains weak and concentrated its activities in the banking business." (S.T)