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2013/06/27 (00: 30 pm)
British Bank announced his intention to leave Iraq and selling financial shares "
Baghdad/range press
Department of Bank (HSBC) British investment loans, on Tuesday, they "think the sale of majority shares of the Bank in Dar es Salaam Bank" investment "would be a contribution to a proposed increase of capital Dar es Salaam, and attributed the reason to the" international banking restructuring for three consecutive years, she decided to "reduce its activities in some countries in the Middle East and Islamic banks.
The Bank said in a press release summary of London quoted (Reuters), obtained by (range), "after doing reviews search options to decide strategy transfer of shares Bank (HSBC) in Dar es Salaam (DES) investments, noting that" the Bank's contribution would be the proposed increase of capital Dar es Salaam that made him one of the most important global investment loans banks in Iraq. "
"As part of a restructuring of international banking for three consecutive years (HSBC) Bank decided to reduce its commercial banking in some Middle East countries and the integration of operations in the Sultanate of Oman with some local banks", adding that "it also reduced its operations in Islamic banks.
There were doubts the Iraqi banking market faces some time that Bank (HSBC) British who owns (70.1%) The Bank had to leave Iraq, so that the Executive Director of the Bank for the Middle East and North Africa, Simon Cooper, in previous statements to journalists (22 April 2013), that "the question of HSBC's presence in Iraq is under review."
Press reports indicated that the Bank, which is the largest in the world in terms of assets, will manage the process of selling shares.
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British Bank announced his intention to leave Iraq and selling financial shares "
Baghdad/range press
Department of Bank (HSBC) British investment loans, on Tuesday, they "think the sale of majority shares of the Bank in Dar es Salaam Bank" investment "would be a contribution to a proposed increase of capital Dar es Salaam, and attributed the reason to the" international banking restructuring for three consecutive years, she decided to "reduce its activities in some countries in the Middle East and Islamic banks.
The Bank said in a press release summary of London quoted (Reuters), obtained by (range), "after doing reviews search options to decide strategy transfer of shares Bank (HSBC) in Dar es Salaam (DES) investments, noting that" the Bank's contribution would be the proposed increase of capital Dar es Salaam that made him one of the most important global investment loans banks in Iraq. "
"As part of a restructuring of international banking for three consecutive years (HSBC) Bank decided to reduce its commercial banking in some Middle East countries and the integration of operations in the Sultanate of Oman with some local banks", adding that "it also reduced its operations in Islamic banks.
There were doubts the Iraqi banking market faces some time that Bank (HSBC) British who owns (70.1%) The Bank had to leave Iraq, so that the Executive Director of the Bank for the Middle East and North Africa, Simon Cooper, in previous statements to journalists (22 April 2013), that "the question of HSBC's presence in Iraq is under review."
Press reports indicated that the Bank, which is the largest in the world in terms of assets, will manage the process of selling shares.
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