Adnan al-Jalalbi | Al Bawaba

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“The size of the Lebanese banks in Iraq maybe too small compared to the huge Iraqi market. Iraq’s seven state-owned banks have 80 percent of assets and 90 percent of total deposits in the country. However, we are going to the Iraqi market to serve new clients,” Bassil said.

April 27th, 2014 - 02:55 GMT

Misery loves company? Lebanese banks announce their intention to pursue Iraq's banking sector

Central Bank Governor Riad Salameh said he was looking forward to increase cooperation with Iraq in organizing the banking sector and strengthening supervision and money laundering protections.