Mosul Bank profits declining 57% in the second quarter.

Mosul Bank profits declining 57% in the second quarter.


17 August 2016 03:23 pm


Direct: data showed money for Mosul Bank for development and investment (BMFI), budgeted Iraq market for securities, the Bank's profits slipped by 57.19% in the second quarter of the current fiscal year, compared with the same period last year.

The Bank's profits totalled 741.26 million dinars (622.29 dollars) in the second quarter of this year, compared to a profit in the second quarter of 2015 worth 1.73 billion dinars (1.45 million dollars), according to the financial statements.

The Bank noted in a statement to the stock exchange, he witnessed the decline in profit at the level of the first half of the year by 55.46%, hitting 1.51 billion dinars, compared to its profits in the first half of the year 2015 $ 3.39 billion dinars.

In his statement, the Bank drew attention to the declining net income from current activity during the first half of the year by 44.04%, to 3.29 billion dinars, compared to 5.89 billion dinars in the same period from 2015.

The Bank saw a decline in net quarterly profits for the first quarter of this year by 53.67%, to reach 768.59 million dinars, according to its financial statements on a stock site, compared to quarterly profits in the same period from 2015 amounting to 1.66 billion dinars.


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