By John Lee.
The state-owned Trade Bank of Iraq (TBI) is reported to be planning to expand its operations in China and the Gulf.
Chairman Faisal al-Haimus [al-Haimus] told Reuters that the bank want to increase revenues from retail banking and international operations from 25 percent to 30 percent by 2022.
He added that it plans to open a representative office in China in 2020, and will upgrade its license in Abu Dhabi from a "representative office" to "asset management company".
(Source: Reuters)
Comments are closed.