VOL. XLVII
No 05
02-February-2004
REGIONAL BANKING
IRAQ/JORDAN
Jordans Export And Finance Bank Buys Stake In National Bank Of Iraq
Jordans Export and Finance Bank (EFB) announced that it has acquired 49% of National Bank of Iraqs (NBI) paid up capital for $8.5mn in order to establish a strategic banking presence in Iraq. The move will result in the restructuring of the board of directors to reflect the change in ownership. The Central Bank of Iraq (CBI) and the Central Bank of Jordan (CBJ) have...
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