ERBIL, Kurdistan-Iraq, June 23
(KUNA) -- The Commercial Bank of Kuwait opened its first Iraqi
branch in Al-Salmaniya in Kurdistan (northern Iraq) Thursday.
The bank was licensed for operation in Kurdistan (northern Iraq)
last month as part of plans for regional expansion.
The Kurdish province is expecting a number of Kuwaiti investors to
discuss projects in the politically and security stable region.
Iraqi Kurdistan President, Massoud Barazani, had discussed
establishing economic ties with Kuwaiti Amir Sheikh Sabah Al-Ahmad
Al-Jaber Al-Sabah during his last visit to Kuwait.
The Kurdish province is the first Iraqi region to officially
establish economic ties with Kuwait.
The Commercial Bank of Kuwait offers loans to citizens and
industrial, service, and commercial projects. It also offers
remittances and deposits and other banking services. CBK is also
working on establishing e-bank services.
kuna net.kw Top |
® 