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FRANK26: Trade Bank of Iraq opens an office inside the SOMO oil company building
11/17/2024 Baghdad - INA
Today, Sunday, the Trade Bank of Iraq ( TBI ) announced the opening of an office inside the SOMO oil company building.
The bank's media advisor, Aqil Al-Shuwaili, said in a statement to the Iraqi News Agency (INA): "In cooperation with SOMO, an authorized office was opened inside the company's building to issue documentary credits to facilitate all transactions between the Oil Marketing Company " SOMO " and the bank regarding the export and import operations of all petroleum products."
He added that "this contributes to supporting the national economy and developing the energy sector, which is one of the main drivers of the Iraqi economy," noting that "these measures come within the work plan of the bank's management, represented by its chairman, Bilal Al-Hamdani, to develop banking work."
He stressed that "this will contribute to improving and developing the bank's services provided to all customers in
line with the Prime Minister's directives to develop the banking sector and improve all services."
