VOL. XLVII
No 07
16-February-2004
IRAQ RECONSTRUCTION
Iraqs Rafidain Bank Looks To Restructuring, Possible Privatization
Iraqs largest bank, the state-owned Rafidain Bank, is looking at plans for restructuring which include laying off one third of its 7,300 strong workforce, and computerizing its 170 branches. The bank holds 75% of the countrys deposit base and had a virtual monopoly of the governments banking business before the fall of Saddam Husains regime in 2003. However, it is weighed by...
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