NBK Iraq
Sector: Manufacturing (Industrial) • Location: Iraq
Source: International Finance Corporation (IFC)
The project comprises an equity investment of up to New Iraqi Dinar (NID) 50 billion ($35 million equivalent at current exchange rates) in order to acquire an 85% holding in, and provide incremental capital to, Credit Bank of Iraq (CBI), an existing Iraqi commercial bank. The project will be undertaken jointly by IFC and National Bank of Kuwait (NBK). Their respective holdings in CBI post-complet
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The project comprises an equity investment of up to New Iraqi Dinar (NID) 50 billion ($35 million equivalent at current exchange rates) in order to acquire an 85% holding in, and provide incremental capital to, Credit Bank of Iraq (CBI), an existing Iraqi commercial bank. The project will be undertaken jointly by IFC and National Bank of Kuwait (NBK). Their respective holdings in CBI post-completion will be 10% and 75%. NBK will also assume management control. The remaining 15% will be retained by CBI’s existing shareholders, including several Iraqi industrial groups and a number of individual investors. The purpose of the project is to combine CBI’s local knowledge and brand recognition with the international experience and expertise of NBK and IFC in order to build over the medium term an efficient modern bank offering a full range of products and services to domestic and international clients. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |