Standard Chartered Bank opens second branch in Iraq

Standard Chartered Bank opens second branch in Iraq

Bloomberg File Photo

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.

The above is a summary of a March 4, 2014 article from CPI Financial. To see the full article, click here.