Qatar National Bank ( QNB ) disclosed that it raised its share in Iraqi Mansour Bank by 51%.
In a statement by the Bank group, this move was described within "the external expansion strategy".
This increase will enable QNB of administering Mansour Bank in a practical way and to enhance complete banking services in Iraq, as reported by the bank.
Mansour Bank was established as a private shareholding company with a capital of 55 billion Iraqi dinars in 17 April, 2006 to cover Baghdad and some other Iraqi provinces.
Aswat Aliraq
8 October
