Monday, July 5, 2010

Iraq and Kuwait ~ Electronic Banking ...

July 6, 2010

Contracting with a Kuwaiti company to design an electronic system for trading Kurdistan International Bank

بغداد ـ الصباح Baghdad morning

Kurdistan International Bank has signed a contract with a Kuwaiti company to implement the project on the use of electronic means in private banks, the Kurdistan Region to provide facilities for the citizens of the Territory, particularly those who have subscriptions with private banks in the Region.

The website of the Patriotic Union of Kurdistan said the new system will come into effect soon and the citizens can handle their money easily through the system to take advantage of electronic banking practice throughout the world.

The federation cited a spokesman for Bank of Kurdistan International saying: that this regime is followed in Iraq and the Kurdistan Region for the first time, and initiated Bank of Kurdistan, the international introduction of this system to the region where the Kuwaiti company for the introduction of the system and electronic apparatus. The spokesman pointed out that private banks in throughout Iraq follow a newly contributes to the citizens to deal with the banks and provide money and deposited in private banks, without any risk.

Alsabah