New Turkish Banks Opening in Erbil

The Turkish alBaraka Bank will open its branch in Erbil, the Kurdistan Region’s capital, in early January, according to a report from AKnews.

According to the information leaked to the agency’s correspondent, the bank’s officials have completed the formal application through the Central Bank of Iraq (CBI), and have informed the Kurdistan officials of the CBI’s approval.

The Turkish İş, Vakıfbank and Ziraat Banks are also preparing to open branches in Erbil in 2011.

(Source: AKnews)

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