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NBK receives Iraq's nod to offer custody services
- Iraq: Sunday, February 24 - 2013 at 04:29
The National Bank of Kuwait (NBK) has started offering custody services for Iraq Stock Exchange-listed shares through Credit Bank of Iraq, NBK's 80%-held subsidiary, Iraq Business News has reported. The new service would help attract large institutional investors to enter the Iraqi market. Credit Bank of Iraq received the custody license at the end of 2012 and "went live" in January, the lender said.
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