Citigroup Inc (NYSE:C) is set to become the first American bank to open an office in Baghdad, with Iraq’s central bank giving its preliminary consent.
The third-largest lender in the U.S., Citigroup Inc (NYSE:C) got approval from the Central Bank of Iraq. Citigroup Inc (NYSE:C) also plans to have branches at Erbil and Basra.
Baghdad’s entry marks the first new country operation for Citigroup Inc (NYSE:C) in six years. The new initiative comes amidst the bank
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