Standard Chartered recently announced the inauguration of its branch in Erbil, Kurdistan, making it their second branch open in Iraq.
Standard Chartered originally launched its operations in Iraq in November 2013 by opening its Iraq head office and first branch in Baghdad. The opening of the second branch makes Standard Chartered the only international bank to have full-fledged on-the-ground wholesale banking operations in two of the main cities in Iraq.
The bank has plans to open one more branch in Basra, Iraq in late 2014.
For the original March 4, 2014 piece from CPI Financial referenced in this summary, click here.