HSBC expects Iraq profits to soar

[ronscarpa]

HSBC expects Iraq profits to soar

Post: by LLH - KTFM

AME Info - [6/9/2010]

HSBC has said that it is "remarkably bullish on Iraq" and expects bank profitability in the country to increase by 100 times within 10 to 20 years, Bloomberg has reported.

"There is more lending activity as the economy gets stronger," James Hogan, country manager of HSBC Holdings said. HSBC entered the Iraq's post-war banking sector with its 2005 purchase of a 70% stake in the Dar Es Salaam Investment Bank.

HSBC may soon put its own brand on the business, Hogan said.

[Jac]

Lets increase prayers and positive thinking to protect the country of Iraq from AlQueada, Extremists, Insurgents and other criminals who constantly work to destroy their hope.

Ron, Thank You. This is good news.!

[alice]

Thankyou! I really needed this!

[denbo420]

Lets increase prayers and positive thinking to protect the country of Iraq from AlQueada, Extremists, Insurgents and other criminals who constantly work to destroy their hope.

Ron, Thank You. This is good news.!

AMEN BROTHER!

[Puff]

HOT HOT HOT Bloomberg HOT HOT...RED HOT MAKE MY DAY>>>GO RV!!!!!!

Thanks for the left Ron

[Bobbydee]

Excellent news. Thanks Ron. You always find a way to cheer us up. God Bless. Semper Fi

[BlackExecutive]

great news!

[TBnhispower]

NIIIIICE! I like it!

[paj1985]

i bank with hsbc in the uk,and find it quite odd that they dont sell iraqi dinar.

good news i guess!!

[jbbdolphins]

I am not a big HSBC fan...most of the time there is a language barrier, so you can't get across what you want, and the scariest part is their future plan is to take over the world, one country at a time (so smoothly that noone will know what is going on)