Analysis: Iraqi bank sector ripe but reluctant for bids
The private Iraqi bank sector seems mature for investment and consolidation, therefor foreign banks are hunting for stakes. But it appears that local banks are unwilling to take partners, fearing a loss of control.
Because Iraqi is rebuilding its vast oilfields and battered infrastructure eight years after the U.S.-led invasion, the country is seen as fertile ground for investment.
It is stated that France's Societe Generale (SOGN.PA) and the Bank of Abu Dhabi in the United Arab Emirates have developed interest.