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A number of major banks to announce its withdrawal from Iraq

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rocky
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A number of major banks to announce its withdrawal from Iraq

Post by rocky on Tue 08 Jul 2014, 6:44 am

A number of major banks to announce its withdrawal from Iraq 




07/07/20140 
Maliki during his attendance at the opening ceremony of Standard Chartered in Baghdad
Pulled out a number of Western banks from Iraq after the deterioration of security the country has experienced recently because of the practices of Maliki's government.
It has the bank, "Standard Chartered" - which opened two branches in Baghdad and Erbil - the transfer of its own in Iraq to Dubai. Transfer bank "Citigroup" representative office of Baghdad to the Jordanian capital Amman, as advised international companies process has reduced the level of cash (LNG), which retain them to a minimum, according to the newspaper "Financial Times" British. at the same time, he stressed workers in the banking sector banks in the city of Mosul, still working as usual despite rebel control them. were other banks have withdrawn from the Iraqi market before the outbreak of the recent crisis in Iraq, such as the Bank "HSBC", as it cut its relationship with Bank of Investment Dar es Salaam, by suspending its relationship banking with Bank of Iraq, which has 70 percent of its shares. 

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