Friday, July 26, 2013 22: 17
Description of the Bank [Citibank] world, which opened late last June mctaba in Baghdad "that Iraq intended to major in banking activities in the future.
Mayank Malik, said Director of Citibank in Jordan and Iraq, at a press briefing, "we look to Iraq that the next major target in Iraq giant prepares to advance."
The owner said "we consider ourselves among the top candidates to serve in Iraq, and we want to have priority".
The Bank will initially serve existing customers, who are working on the energy companies operating in the oil-rich fields", adding: "but in the long term, the Bank [multinational] will seek to move to commercial banking and service, although no timetable was put in place so far.
The Director of the Office of the Bank [Citibank] World Bank holds great hopes for Iraq, which is expected to Bank economists that Iraq has a population of 50 million people with an economy worth about 2,000 billion dollars by 2050".
He was President of the company [City Bank] dance avlaneri met Prime Minister Nuri al-Maliki at the latter’s Office in 24 of the last June after the opening of the llsharkth branch, said "we are determined to be partners in the development of Iraq and accord to promote its economy, saying that there are many international companies interested in investing in Iraq, and we will be supporting her, and pointed out that the opening of a branch in Baghdad would be a prelude to opening the Branch administers the Bank activities in Iraq".
It is referred to, with tens of millions of potential customers who have only a few bank accounts, Iraq represents an ambitious target for global banking institutions, especially now that the Iraqis are looking to more banking services available to them is that the old laws of economic and banking sector, and the majority of Government-controlled banks, and weak infrastructure of the sector, in addition to numerous other obstacles to political crises, and the security situation, make the banking business in the country are not guaranteed results for men Business and foreign banks finished.