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.
[...] 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. [...]