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Iraq C.Bank approves Audi Bank re-operation

Iraq C.Bank approves Audi Bank re-operation
Audi's assets rose to $42.27 billion in the last 7 years- (Photo Credit: Company website)
Bank Audi
AUDI
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Mubasher: The Central Bank of Iraq (CBI) approved the working permit for Audi Bank to resume banking operations in Iraq, according to a statement.

The CBI agreed to open a new branch to be the headquarters for Audi Bank in Baghdad; it also gave a preliminary approval to the Lebanese bank to open branches in Najaf, Erbil, Basra and Saladin governorates.

Audi operates in more than 8 countries, namely: Lebanon, Egypt, Turkey, Switzerland, Saudi Arabia, France, Jordan and Syria, according to the bank’s website.

Its assets rose to $42.27 billion in the last 7 years, up from $20.39 billion  by the end of 2008.