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Jordanian bank intends to increase its branch in Iraq next year to 20 in 2015
Editor Tarek Ammar - Wednesday 28 May 2014 13:42
NB-101604-635368706241826931.jpg
Alsumaria News / Baghdad
said one Jordanian banks, Wednesday its intention to increase its branch in Iraq to 20 branches next year in 2015, stressing that the Iraqi market is promising because of the strategic projects worth billions of dollars to modernize the infrastructure and the energy sector. quoted by Reuters news agency director of Capital Bank of Jordan Haitham Kamhiyah saying that he "is expected to continue growing its operations in the banking market of Iraq to contribute about 50% of total revenues after three years with the expansion of the Bank's activities in trade finance and retail," and expressed his intention to "increase the number of bank branches in Iraq to 20 branches in the next year, compared to eight branches now. " added Kamhiyah who owns a majority stake in the National Bank of Iraq that "the rise in the number of branches will increase the contribution of Iraq in profits by the end of 2014 to 25% from 20% in the last year," adding that "the market of the Iraqi banking promising opportunity in time to still financing the weak and concentrated its activities in the money changing business. " He Kamhiyah "The Bank aims to fund traders mainly, especially the trade exchange between Iraq and Jordan, and increase direct funding in all branches," pointing out that "the Iraqi market is promising because of the strategic projects worth billions of dollars to upgrade infrastructure The energy sector in spite of the political turmoil affecting the investment climate. " It is noteworthy that the Iraqi banks have not kept pace with developments in the work of international banks, and has been linked through the use of telephones and fax machines, and did not enter the Internet, but after 2004, and is seeking the Ministry of Finance to develop banks associated with them through the introduction of new technologies and linking banks globally automatically, to facilitate the process of transfer of funds to and from Iraq.
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Editor Tarek Ammar - Wednesday 28 May 2014 13:42
NB-101604-635368706241826931.jpg
Alsumaria News / Baghdad
said one Jordanian banks, Wednesday its intention to increase its branch in Iraq to 20 branches next year in 2015, stressing that the Iraqi market is promising because of the strategic projects worth billions of dollars to modernize the infrastructure and the energy sector. quoted by Reuters news agency director of Capital Bank of Jordan Haitham Kamhiyah saying that he "is expected to continue growing its operations in the banking market of Iraq to contribute about 50% of total revenues after three years with the expansion of the Bank's activities in trade finance and retail," and expressed his intention to "increase the number of bank branches in Iraq to 20 branches in the next year, compared to eight branches now. " added Kamhiyah who owns a majority stake in the National Bank of Iraq that "the rise in the number of branches will increase the contribution of Iraq in profits by the end of 2014 to 25% from 20% in the last year," adding that "the market of the Iraqi banking promising opportunity in time to still financing the weak and concentrated its activities in the money changing business. " He Kamhiyah "The Bank aims to fund traders mainly, especially the trade exchange between Iraq and Jordan, and increase direct funding in all branches," pointing out that "the Iraqi market is promising because of the strategic projects worth billions of dollars to upgrade infrastructure The energy sector in spite of the political turmoil affecting the investment climate. " It is noteworthy that the Iraqi banks have not kept pace with developments in the work of international banks, and has been linked through the use of telephones and fax machines, and did not enter the Internet, but after 2004, and is seeking the Ministry of Finance to develop banks associated with them through the introduction of new technologies and linking banks globally automatically, to facilitate the process of transfer of funds to and from Iraq.
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