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Bankers: Iraq's Kurdistan region and promising economic market

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tlm724

tlm724
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Tuesday 09 December 2014 Time: 23:35


Bankers: Iraq's Kurdistan region and promising economic market


12/09/2014

Lebanese bankers said they still consider the Kurdistan region of Iraq and promising economic market in spite of the security conditions experienced by, and attacks by militants organize "Daash", and the financial crisis in the current year with the federal government.

The Chairman of the Board of Directors and General Manager of BLOM Saad Azhari on the occasion of the opening of the branch in Arbil, to be added to the Lebanese banking branches other, it would be the bank's other branches in the near future in the region, due to the future of the region in the field of oil and the possibility of increasing large the foreign investments, noting that First Bank will work with companies in general in the trade, and then in the retail and residential loans and personal loans, and pointed out that the Bank such experiments in several Arab countries in the region.

For his part, director of the bank branch in Erbil George severe: "We are interested in this country, spreading the culture of non-use of cache, and the use of checks, Dept. Card and Credit Card instead culture, and deals with the right of the banking system, and certainly with the central bank .. our contact with the outside easily the work of a lot of companies, both internal and external companies and we have a branch in Dubai, and we are located in 13 countries .. in Egypt, Jordan and the easy things conversion and incoming and outgoing. "

Meanwhile, a Governor of Erbil Nawzad Hadi that the opening of the bank proof of the confidence in the economic policy of the Kurdistan Regional Government in attracting investors and companies despite the difficult economic conditions experienced over the territory and special circumstances of terrorism that destroy everything in Iraq.

Referred to the BLOM Bank received approval from the Registrar of Companies at the Ministry of Trade and leave the Iraqi Central Bank to open three branches in Iraq and once distributed in Baghdad and Erbil and Basra. The number of branches of Lebanese banks operating in Iraq are Byblos, Intercontinental, Beirut and the Arab countries, the French Lebanese, Mediterranean, Credit Libanais, Vrencepennek, Lebanon and the Diaspora.

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