Bank of Baghdad forms strategic partnership with Citibank

BoB will offer Citi's clients a number of comprehensive products and service portfolios that include account services, domestic and international payments and collection, liquidity management and electronic banking solutions. The partnership in turn allows BoB in leveraging Citi's global network across 100 countries for cash management solutions and other banking services.

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.