Baghdad – It has been revealed that the Capital Bank of Jordan is interested to involve in export and investment in Iraq.
According to the reports the American Chambers of Commerce in Jordan has hosted an open meeting between the chairman of Capital Bank, Mr. Basem Khalil Al Salem and the Jordanian businessmen and some members of the US embassy. In this meeting the focus was on taking the opportunities of export and investment in the promising market of Iraq.
In terms of capital, this bank is the fourth largest in Jordan. The only connection of the bank with Iraq is through Ahli Iraqi. This will help the Capital Bank to build relations and gather knowledge and experience with the market of Iraq. This will also help to build a strong relation between the various sectors. Through this outlet the Capital Bank will try to share its knowledge and expiries with the Iraqi market. They have asked their clients and partners to support their attempt at business expansion and development in the market of Iraq.
This bank has reviewed its peace meeting and the investment opportunities in the Iraqi market in the light of the stronger bind of economy that is happening between these two countries. This situation is creating a lot of opportunities in Iraq. Not only that, it will also help to reinforce the rules of the Central Bank of Iraq to be able to create a strong base in the country of Iraq, which will account for abut72% of the capital of the National Bank of Iraq. This position will create added value to the Jordanian businessmen in Iraq and will also provide a safe window to them for the expansion of their businesses. This will help the Iraqi market to grow. Not only that, it will also help to create a bridge between the two countries through those Iraqis who have been working in Jordan. This will increase their interest and work opportunities in their homeland.
Salem has noted that the Capital Bank actually seeks to develop its relation and connections with all the companies and it has been looking forward to expand and develop its business prospects in Iraq. The process of dealing will between Capital Bank and National Bank of Iraq will be felicitated by the support and help towards the customers in both Iraq and Jordan and the export business.
The bank has launched and new services for the Jordanian businessmen and the Iraqi people living in Jordan are looking forward to provide required information to the investors through the department which specializes on the Iraqi market. This department will be held responsible for the businesses, investors, and with offering business opportunities in Iraq for the development of the territories and for reviewing the services which are provided by the Capital Bank through the National Bank of Iraq. These two banks has established this banking relation within record time and this has enhanced their confidence with the USA.
Source [The Iraqi Dinar]