13/09/03 16: 47

Central agreed in principle to open a branch of the Standard Chartered Bank in Baghdad

Baghdad/Obelisk said the CBI, Tuesday, agreed in principle to the British Standard Chartered Bank opened a branch in Baghdad for its business banking by the end of this year.



The Central Bank said in a statement "the Obelisk", "the World Bank has agreed in principle to the British Standard Chartered Bank opened a branch in Baghdad to exercise banking", stating that "the Central Bank informed the Bank representative in Iraq with the approval of its business banking on Baghdad."

The Standard Chartered Bank of Britain will step up its work before the end of this year."

The Standard Chartered Bank of Britain, announced on Monday (February 11, 2013), intends to open three branches in South and Central and Northern Iraq, and that foreign companies operating in it, particularly the British and Korean looking for financial services "more supportive" of her work there.

The Standard Chartered Bank, founded in 1969 through the merger of two separate banks, namely the standard British, South African, Bank of India, Australia and China, taking advantage of the expanding trade between Europe, Asia and Africa, the Bank currently employs 87,000 people, speaking 170 languages, representing 130 nationalities, and has more than 1,700 Office, branches or sales outlets in 70 countries around the world.