Jordan Kuwait Bank (JKB) and Credit Bank of Iraq have agreed to join forces and establish a wide spectrum of business relations between the two banks. JKB Chairman Abdel Karim Kabariti said in a statement issued Monday, August 4, that both banks agreed to represent each other in their respective countries and to offer a variety of banking and investment services, in a bid to facilitate bilateral trade and financial transactions.
Services offered will include: letters of credit, transfers, guarantees in addition to individual account opening, issuing bank drafts and credit cards. Hekmat Kubba, chairman of Credit Bank of Iraq, commented on this move and expressed his confidence in a fruitful cooperation between the two banks.
Kubba added that joint and concentrated efforts will focus on Iraqi reconstruction projects benefiting from the wide customer base, solid financial positions and regional and international banking relation that are enjoyed by the two banks.
Credit Bank of Iraq is a private bank owned by a group of Iraqi businessmen and investors. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
