Middle East Economic Survey
VOL. XLVIII
No 12
21-March-2005
IRAQ
IFC Acquires Minority Stake In Credit Bank Of Iraq
The International Finance Corporation (IFC), the private lending arm of the World Bank (WB), announced on 10 March that it had signed an agreement to acquire a minority stake in Credit Bank of Iraq (CBI). IFCs investment will be undertaken in partnership with National Bank of Kuwait (NBK), which was among the first three international financial institutions to receive a full domestic...
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