Soon: Iraqi Investment Bank to open branch in Sulaimaniya

BAGHDAD, Sept. 20 (Iraqi News) – The Iraqi Investment Bank has completed all preparations for the inauguration of its new branch in Sulaimaniya city, the bank’s acting director said on Saturday. “A new branch will be opened in Sulaimaniya province within two weeks as part of the bank’s plans for expansion,” Hamzah Dawoud Sulaiman told IraqiNews.com- Voices of Iraq- (Iraqi News). Another branch will be opened in Basra province within two months, Sulaiman added. Two other branches will follow in Karbala and Baghdad’s al-Mahmoudiya district, he noted. The Iraqi Investment Bank is a national bank established in 1993. The modern city of Sulaimaniya, 364 kilometers north of the Iraqi capital Baghdad, was founded in 1748 by a Kurdish prince known as Ibrahim Pasha Baban who named it for his father Sulaiman Pasha. Since being founded as the capital of a powerful Kurdish principality it has grown to about 1,800,000 people. Sulaimaniya, known as Zamwa prior to its founding, is the cultural center of the Sorani-speaking Kurds and an important economic centre for Iraqi Kurdistan.   SS (P) 1