(TBI) expected profits and financial plentiful during 2013

(TBI) expected profits and financial plentiful during 2013

FRIDAY, OCTOBER 25 1 / OKRUDOLF 2013 09:09

TBI expected profits and financial plentiful during 2013Twilight News / expectation of the Trade Bank of Iraq ( TBI ) that the ratio of profits this year, compared with the large proportion of the profits made ​​by the last year, which exceeded $ 400 million. The Director of the bank Hamdiya dry for “Twilight News”, that “the proportion of earnings appear at the end of this year and we expect to be large and rising global bank sequence than it is last year.”

And achieved the Trade Bank of Iraq is administratively subject to the Bank Council of Ministers percentage of the profits exceeded $ 400 million, with 30 degrees rose in the rankings to about 1,000 bank.

Dry added that “the bank could by eliminating recover about one billion and 450 million dollars of financial loans in arrears.”

And achieved the Trade Bank of Iraq in 2010 an increase in profits by 18% to reach $ 361 million, while $ 305 million in 2009.

And established TBI owned entirely by the Iraqi government in July 2003 to facilitate trade Iraq’s international and reconstruction of Iraq after the end of the work program of the UN oil-for-food, which began with a capital of a modest amount of 96.1 million dollars in 2003, has increased the bank’s capital to reach 427.35 million in 2008. It also increased the capital and reserves of the bank for up to $ 1.5 billion at the end of 2010.

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