Trade Bank of Iraq converts 50% of its profits to the state treasury

Banks

Economy News / Baghdad ...

The Trade Bank of Iraq (TBI), to transfer 50% of its profits for the year 2016, equivalent to 268 billion Iraqi dinars, to the public treasury of the state.

The bank said in a statement seen by the "Economy News" that within the focus of reforms and in support of the economy, according to the directives of Prime Minister Haider al-Abadi, has the Trade Bank of Iraq (TBI), to transfer 50% of its profits for the year 2016, equivalent to 268 billion Iraqi dinars to the public treasury state.

He added that the bank achieved a net profit of 536 billion dinars Iraqi financial year ended 31/12/2016, up 265% from the percentage Mahakgah of net profit in the fiscal year ended 31/02/2015, which was $ 145 billion Iraqi dinars.

The works of the Iraqi Trade Bank to promote banking services through localization of salaries and encouraging electronic payment in addition to the introduction of new products, including a certificate of deposit killed.

It is worth mentioning that the Iraqi Trade Bank carried out the first compound in Iraq, a loan for the benefit of the Ministry of Electricity in cooperation with Standard Chartered and GE, is currently in collaboration with Doejeh Bank, managed to issue international documents for Iraq.

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