Capital Bank opens first branch of the National Bank of Iraq

[Stillw8n]

Capital Bank announced the opening of the first branch of the National Bank of
Iraq in Erbil, the implementation of the strategy of the bank’s expansion in the
provinces of all, to offer various banking services to corporate clients and
institutions and provide the best services and facilities for them.
The Capital Bank, which has accounted for 72% of the bank’s capital Jordan Ahli Bank
of Iraq only exists in Iraq through the National Bank of Iraq to provide
excellent services to trade finance and retail banking services between Jordan
and Iraq.

and opened a new bank branch in Erbil d. Barham Ahmed Saleh,
President of the Kurdistan Regional Government and the presence of Bassem
Al-Salem Al-chairman of Capital Bank and the Governor of Arbil, Mr. Nawzad Hadi,
and the President and members of the Board of Directors of National Bank of Iraq
and a number of economic figures in the region.

With the opening of new
branch brings the number of branches of National Bank of Iraq to seven branches
distributed three branches in the capital Baghdad and in Mosul branch and a
branch in Karbala and another in Basra, in addition to the branch of Arbil.

Dr. Barham Ahmed Saleh, President of the Kurdistan Regional Government
We are pleased to expand the National Bank of Iraq geographical spread to Erbil
to provide services to the other provinces, and the fact that branch of National
Bank is the only branch of the Capital Bank of Jordan, which is experiencing a
city of Arbil economic activity distinct especially as they enjoy security,
stability, and was sought by investors wishing to enter the Iraqi market.

said Bassem Khalil Al-Salem, Chairman of Capital Bank, which is the
fourth largest bank in terms of capital in Jordan, “The Investment Capital Bank
in National Bank of Iraq is a strategic long-term conviction Management Capital
Bank economic opportunities in Iraq.”

He that the relationship between
between Capital Bank and National Bank of Iraq will allow us to facilitate the
service of all businessmen and traders in Jordan to develop Jordanian exports to
Iraq, the fact that Capital Bank is the Bank of the Jordan the only in Iraq,
which combines commercial banking and investment through the Capital Investment
. Salem also confirmed that the National Bank of Iraq would strengthen the
existing relations and investment opportunities between Jordan and Iraq, which
is one of the largest economies in the developed world.

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