Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    British Standard Chartered Bank plans to open three new branches in Iraq

    Hkp1
    Hkp1
    Hkp1
    Interacting Investor
    Interacting Investor


    Posts : 3118
    Join date : 2012-12-19
    • Post n°1

    British Standard Chartered Bank plans to open three new branches in Iraq Empty British Standard Chartered Bank plans to open three new branches in Iraq

    Post by Hkp1 Tue 12 Feb 2013, 12:19 pm

    British Standard Chartered Bank plans to open three new branches in Iraq


    Author: HAA
    Editor: BK
    2013/02/11 23:20


    Term Press / Baghdad

    Management
    announced the British Standard Chartered Bank, Monday, has announced
    the opening of three branches in southern and central Iraq and north,
    indicating that foreign companies operating in it, especially the
    British and Korean are looking for financial services "more supportive"
    in their work there.

    Said Executive Director of the bank, Mike
    Reese, as Britain's Telegraph newspaper quoted, seen by long-Presse,
    "The British bank سيفاتح Iraqi officials on whether to allow him to open
    his three commercial branches in Baghdad, Basra and Arbil."

    He
    added Reese, that "the name of the commercial bank is characterized
    confidence," adding that the bank was "in contact with JP Morgan U.S.
    financial services and investment to establish a branch trade him in
    Iraq and to provide its services in reconstruction projects since the
    outbreak of the war in Iraq in 2003 has also to open a representative
    office in Arbil, the capital of the Kurdistan region of Iraq. "

    The
    Executive Director of the bank, that "the second step in our work after
    opening the representative office of us is that we proceed in services
    supporting the growth process," noting that if "we listened to our
    customers Koreans, British, and others working in the energy companies,
    oil and gas in Iraq, they would ask us open branches in Basra and Erbil
    and without doubt in Baghdad, which is the commercial center. "

    And
    remember Reese, "bank customers Koreans are involved in the
    establishment of power stations and reconstruction of infrastructure
    operations in Iraq, while the British Petroleum company conducts oil and
    gas projects in order to reach production rates set for it."

    He
    continued Executive Director of Standard Chartered Bank Albraitunai,
    Mike Reese, that those "companies want us to exist in Iraq to help
    finance their business," Msttrda we "are in talks with Iraqi officials
    in this regard is the second phase in our aspiration to work in this
    country and this is what we aspire him. "

    It is noteworthy that
    Standard Chartered Bank was established in 1969, through the merger of
    two banks separate, two Standard British South African, and the Bank of
    lawyers in India, Australia and China, benefiting from the expanding
    trade between Europe, Asia and Africa, and works in the bank currently
    87 thousand people, talking 170 language, representing 130
    nationalities, and has more than 1,700 office branches or sales outlets
    in 70 countries around the world.

    International companies
    complain of weak financial structure, and the Iraqi banking, is that it
    constitutes one of the main obstacles that prevent opening up to the
    market broader Iraqi estimated, which prompted the Central Bank of Iraq
    to allow a number of foreign banks to enter the Iraqi market.

    The
    director of the Association of Iraqi private banks, Abdul Aziz Hassoun,
    said in a press statement, in the 22 of February 2012, that there are
    six Arab banks and foreign operating in Iraq, are Arab Banking
    Corporation Bahrain, the Agricultural Bank of Turkey (aprons), Melli
    Iran, Lebanon's Byblos , Antrcntintl and Beirut and the Arab countries,
    noting that the financial institution Iraqi consists of seven state
    banks, five of them specialist cares for the industrial, commercial and
    housing, while the number of private banks to more than 30 banks, seven
    of them Muslim and all subject to the law of Iraqi banks, which passed
    in 2003 .

    The Goldfinch, that five foreign banks contribute to
    the banking arena Iraqi, mostly banks post with local banks, also opened
    ten branches of Arab and foreign banks again, while made a lot of
    requests to the Central Bank, through Arab banks and the Gulf, Bahrain,
    UAE, Kuwait, and other foreign , to open branches.


    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Sat 23 Nov 2024, 11:42 am