Rafidain Bank plans to open its branch in London

after the settlement of all debts incurred on the bank to the United Kingdom.

  The general director of the bank , Basem Kamal al-Hassani said in a statement reported for "Shafaq News", al-Rafidain Bank has a branch in London, which is the first Arab bank in Europe that was founded in 1952 and has played a prominent role in the banking performance outside Iraq”.

He added that the public administration has to pay the debt incurred by it to the United Kingdom and is making strenuous efforts to regain its presence and resume the work of the bank.

He explained that the British side expressed its willingness to re-examine the branch to be a window for the exchange of modern commerce and banking operations with Iraq.