VOL. XLVII

No 20

17-May-2004

IRAQ RECONSTRUCTION

Standard Chartered Seeks To Delay Launch Of Iraq Operations

Britains Standard Chartered Bank has requested an extension to the year-end deadline set for opening operations in Iraq saying that it needs six months of stability in the country before it can start work. Standard Chartered was one of three banks selected (alongside HSBC and National Bank of Kuwait NBK) by the Central Bank of Iraq (CBI) to be the first foreign banks licensed in Iraq,...