Former Lubbock resident in charge of Iraq's largest bank - KCBD NewsChannel 11 Lubbock

4/25/10

Former Lubbock resident in charge of Iraq's largest bank

By James Clark | email

LUBBOCK, TX (KCBD) – The head of Iraq's largest financial institution was once a Lubbock resident.  Texas Tech graduate Hussein Al-Uzri is the head of the Trade Bank of Iraq.  Al-Uzri returned last week for a visit. 

"It's always been my dream to come back to Lubbock and Texas Tech and see the great development that has happened here,"  says, Al-Uzri.  "It's been almost 25 years.  Next month, will be 25 years since I graduated."

Al-Uzri says establishing the Trade Bank of Iraq was difficult due to years of international sanctions and an economy that had been battered by 30 years of wars.  A written statement says the bank has $100 million in capital and $6.1 billion in total assets. It was created to serve as a catalyst for economic development.

Copyright 2010 KCBD. All rights reserved.

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