Tag Archives | banking

Foreign Firms Keen to Invest in Iraq Banks

Iraqi banks might offer huge growth opportunities in the future for investors willing to take some risks, but analysts and investors say the industry needs to consolidate first and change its business model, according to a report from Reuters. With violence ebbing from the peak of sectarian warfare in 2006/07, foreign firms and banks are […]

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Albaraka Türk to Open Branch in Erbil

Emerging from the global financial crisis unscathed, several Turkish banks plan to expand into neighbouring countries. Following Ziraat Bankas‎, Bankas‎ and Kuveyt Türk, leading Turkish bank Albaraka Türk is also planning to open a branch in Erbil, northern Iraq, Fahrettin Yah‏i, the general manager of the bank, said yesterday. The growing business volume between Turkey […]