The Turkish alBaraka Bank will open its branch in Erbil, the Kurdistan Region’s capital, early January.

According to AKnews news Agency, the bank’s officials have completed the formal application through the Central Bank of Iraq (CBI) and informed the Kurdistan officials about the CBI’s approval. The Turkish bank officials hope to complete the paperwork at Kurdistan to launch the branch in January.

The Turkish İş, Vakıfbank and Ziraat Banks are also in line to open their branches in Erbil in 2011

 

©Aknews