New Private Banks in Iraq

Iraq’s Central Bank has reportedly granted new banking licences to four new private banks, each with capital of 250 billion Iraqi dinars [$212 million].

This reportedly brings the number of private banks operating in Iraq to 35.

Meanwhile, an economic advisor to the Prime Minister is quoted as saying that a package of incentives is being prepared to encourage small private banks to merge and form larger, stronger entities.

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  1. […] Meanwhile, an economic advisor to the Prime Minister is quoted as saying that a package of incentives is being prepared to encourage small private banks to merge and form larger, stronger entities. Article. […]

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  1. Update from SteveI on People’s Dinar 10-3-2011 « DinarCentral - October 3, 2011

    […] Meanwhile, an economic advisor to the Prime Minister is quoted as saying that a package of incentives is being prepared to encourage small private banks to merge and form larger, stronger entities. Article. […]