Babylon Bank
Encyclopedia
Babylon Bank is a commercial bank
in Iraq
. It was established in 1998.
The bank has 12 branches in Baghdad
, Mosul
, Najaf
, Karbala
and Nasiriyah
.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Iraq
Iraq
Iraq ; officially the Republic of Iraq is a country in Western Asia spanning most of the northwestern end of the Zagros mountain range, the eastern part of the Syrian Desert and the northern part of the Arabian Desert....
. It was established in 1998.
The bank has 12 branches in Baghdad
Baghdad
Baghdad is the capital of Iraq, as well as the coterminous Baghdad Governorate. The population of Baghdad in 2011 is approximately 7,216,040...
, Mosul
Mosul
Mosul , is a city in northern Iraq and the capital of the Ninawa Governorate, some northwest of Baghdad. The original city stands on the west bank of the Tigris River, opposite the ancient Assyrian city of Nineveh on the east bank, but the metropolitan area has now grown to encompass substantial...
, Najaf
Najaf
Najaf is a city in Iraq about 160 km south of Baghdad. Its estimated population in 2008 is 560,000 people. It is the capital of Najaf Governorate...
, Karbala
Karbala
Karbala is a city in Iraq, located about southwest of Baghdad. Karbala is the capital of Karbala Governorate, and has an estimated population of 572,300 people ....
and Nasiriyah
Nasiriyah
Nasiriyah is a city in Iraq. It is on the Euphrates about 225 miles southeast of Baghdad, near the ruins of the ancient city of Ur. It is the capital of the province of Dhi Qar...
.