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    • License for establishment of a Parsian branch in Baghdad obtained

      License for establishment of a Parsian branch in Baghdad obtained

      The central bank of Iraq declared its consent and issued the required license for establishment of a Parsian bank branch in Baghdad. This is the first Parsian bank branch to be opened in a foreign country.

      The central bank of Iraq declared its consent and issued the required license for establishment of a Parsian bank branch in Baghdad. This is the first Parsian bank branch to be opened in a foreign country.
      Considering the necessity to expand regional banking, to make the grounds for development of trade and commercial transactions, to accelerate the financial and monetary relations with neighbouring countries such as Iraq, and to develop regional commerce, Parsian bank decided to take some measures. Having made the negotiations and the necessary correspondence with the authorities in the central bank of Iraq, Parsian bank officials managed to obtain required licenses to open a branch in Iraqi capital. The new branch will soon offer its services in Baghdad.