AlBaraka Bank 'to Open a Branch in Erbil'

The Turkish AlBaraka Bank will open a branch in Erbil in August, according to a report from Turkish Weekly.

It would be Albaraka's first branch in a foreign country.

"The Erbil branch will contribute to bilateral relations between Iraq and Turkey," Albaraka's director general Fahrettin Yahsi said.

There have been reports of AlBaraka opening an Erbil branch in August 2010 and again in January of this year.

(Source: Turkish Weekly)

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