Bank of Baghdad forms strategic partnership with Citibank
- Iraq: Monday, May 30 - 2011 at 13:25
- PRESS RELEASE
Bank of Baghdad (BoB) announced that it has signed a strategic partnership with Citibank (Citi) to manage the bank's global client cash management requirements in Iraq. The new partnership allows Citi's global clients' with business interest in Iraq to directly leverage from Bank of Baghdad's world class cash management platform and extensive branch network.
This Strategic alliance marks another major milestone in Burgan Bank Group's expansion plans. The partnership comes at a very important time for the Burgan Bank Group, as we are committed to offering our clients world class services.
Burgan Bank Chief Executive Officer Eduardo Eguren said, "This winning partnership will bring together our regional expertise and Citi's global experience under one platform. The strategic alliance will indeed add value to both Bank of Baghdad and Citi clients' as well as to Burgan Bank group clients."
"Bank of Baghdad is a fast growing member of Burgan Bank group and has successfully placed itself as one of the major players in Iraq," Added Mr. Eguren
Bank of Baghdad was the first licensed bank in Iraq established in 1992. The bank offers retail and corporate banking services through a 36 branch and over 30 ATMs network. Bank of Baghdad is listed on the Iraqi Stock Exchange. Burgan Bank Group includes key subsidiaries that are Jordan Kuwait Bank, Gulf Bank Algeria, Bank of Baghdad and Tunis International Bank.
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of Mediaquest FZ LLC. Mediaquest FZ LLC is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.