Sabah Milhim Mohi: Banking in Iraq

Sabah Milhim Mohi, Chairman of Emerald Bank discusses the banking sector, banking regulation, competition, challenges and investment opportunities in an exclusive interview.

When asked, what does Iraq need, Mohi answers; “Iraq in general and the Kurdistan region too still needs all sorts of investments. The country needs all investments. For instance the real estate sector in Iraq or the Kurdistan region; the country has been through a lot and even millions of residential units won’t be enough. It still needs about 50 years of construction. All sectors need the support of banks. When it comes to industry, we depend mainly on the neighboring countries.”