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Turk banks scolded for opening in Erbil, not Baghdad

Gökhan Kurtaran reports for Hürriyet Daily News:

Turkish lenders operating in northern Iraq have been urged by the Central Bank of Iraq to start up main branches in country’s capital city Baghdad, according to the officials of the Turkish banks’ branches in Arbil.

The Central Bank of Iraq has sent written notification stating that Turkish banks were operating through branches on Gulan Street in Arbil, the capital of the Kurdistan Regional Government (KRG), according to a source from a lender who was speaking under condition of anonymity during a phone interview yesterday.

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