Mubasher: The Central Bank of Iraq (CBI) approved the working permit for Audi Bank to resume banking operations in Iraq, according to a statement.
The CBI agreed to open a new branch to be the headquarters for Audi Bank in Baghdad; it also gave a preliminary approval to the Lebanese bank to open branches in Najaf, Erbil, Basra and Saladin governorates.
Audi operates in more than 8 countries, namely: Lebanon, Egypt, Turkey, Switzerland, Saudi Arabia, France, Jordan and Syria, according to the bank’s website.
Its assets rose to $42.27 billion in the last 7 years, up from $20.39 billion by the end of 2008.
