TRADE BANK OF IRAQ. Presentation to: Baltimore Middle Business Forum November 29 2004. Jo Morrison JPMorgan Chase Bank. Operational - November 2003. Created by CPA Order 20.
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Baltimore Middle Business Forum
November 29 2004
JPMorgan Chase Bank
Iraq’s only creditworthy financial institution. Facilitates imports for the reconstruction of Iraq with funding from the Development Fund for Iraq (DFI).
Owned by the Government of Iraq and supported by the JPMorgan Consortium. Separate capitalization of $100 million ($5 million paid-in capital, $95 million callable capital)
Currently employs 60 experienced Iraqi bankers who work with Iraqi buyers to develop LC’s that will meet contractual requirements
(21 May 2003)
Current volume of L/Cs issued
Distribution of L/Cs by region