|18 April, 2019

Trade Bank Iraq opens first international branch in Saudi Arabia - statement

The bank will start its operations soon

Image used for illustrative purpose. A view shows the King Abdullah Financial District, north of Riyadh, Saudi Arabia, March 1, 2017.

Image used for illustrative purpose. A view shows the King Abdullah Financial District, north of Riyadh, Saudi Arabia, March 1, 2017.

REUTERS/Faisal Al Nasser

DUBAI- State-owned Trade Bank Iraq has opened a branch in Saudi Arabia, its first international outlet, the bank said in a statement on Thursday.

"The wholly government-owned bank, which holds an 80 percent market share in Iraq, has opened its first international branch office in the Al-'Olayya District of Riyadh and will start its operations soon," the statement said.

(Reporting by Maher Chmaytelli; Writing by Tuqa Khalid; Editing by Jan Harvey) ((Tuqa.Khalid@thomsonreuters.com; +971521047568;))

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