HSBC Global Site
The world's local bank
You are here:
Dar Es Salaam Investment Bank
28 Oct 2005
HSBC has completed the acquisition of a 70.1 per cent equity interest in Dar Es Salaam Investment Bank of Iraq.
At 31 August 2005, Dar Es Salaam Investment Bank had gross assets of IQD135,562 million (US$91.9 million).
The world’s local bank confirmed in May 2005 that it was in negotiations to acquire a majority stake in the bank.
Read the full media release (1 page pdf 6k).
Media enquiries to pressoffice@hsbc.com
Related links
Related links
