What does Credit mean? German Commerzbank lending a 100 million euro loan to the Iraqi Commercial Bank (TBI)

First of all, all analysts believe that the reason for lending this amount of 100 million euros (115 million dollars) to the Iraqi Trade Bank is because of the strength and strength of the Iraqi bank of government-owned trade, which has assets of about 20 billion dollars and seeks to buy a Gulf bank and on the outskirts of opening a branch in Saudi Arabia After considering plans to buy a commercial bank in Turkey due to the decline of the lira ..

But after considering many of the figures concerning the Iraqi economy and the improvement of the economic and political situation will see that the strength and durability and solidity of the growing economic situation in Iraq is the main reason for the start of the confidence of global banks in the stability of the classification It is not the first loan of this size for the Iraqi Development Bank. However, Will be followed by many mutual loans between the Iraqi banks and international banks, which heralds a reality and a bright future and close to the Iraqi banking movement and the high oil prices, which close to $ 85 a barrel and continue the strength of the Iraqi dinar against countries And other currencies in parallel with the new and ongoing regulations and legislation in the financial sector and economic affairs ..

Article Credit: https://economy-news.net/
Special Thanks to Charles Bright!!