VOL. XLVII

No 06

9-February-2004

IRAQ RECONSTRUCTION

CBI Chooses HSBC, NBK And Standard Chartered For First Iraq Licenses

The Central Bank of Iraq (CBI) announced on 31 January that it had chosen three banks HSBC, National Bank of Kuwait (NBK) and Standard Chartered to proceed to the final stage of the foreign bank licensing process. The three were shortlisted along with three other banks Arab Bank, Arab Banking Corporation (ABC), and one other after the CBI received applications from 15 banks...