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The Iraqi Trade Bank opens a new branch at the Babylon Mall


yota691
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Economy News Baghdad : 

Announced the Bank of the Iraqi Trade, Thursday, the opening of a branch new in the company 's oil Maysan south of the country, adding that the bank continues to expand the network of branches locally and regionally .

The Chairman of the Board of Directors Bank of the Iraqi Trade, Faisal Alheims, in a statement journalist received " Economy News " , the " Bank of the Iraqi Trade opened a branch new in the company 's oil Maysan , a   continuation of the expansion of a network of branches " , adding that " the opening of a branch of the bank in the company 's oil Maysan came to strengthen we went in to be close to our partners in the field of business to provide the support necessary from the consulting and services financial close to the places of their presence and strengthen our partnership with them . "

 

 He Alheims that " the bank continues at the opening of branches new to him   locally and regionally in the future near to provide services wider to its customers " , adding that " there are projects and products extra will be launched at the time next to meet all the needs of the individual in the sector banking and we assure our customers that the Bank of the Iraqi trade continuously in the application logo Netgear towards the better . "

 

 

Views 87   Date Added 06/01/2017 - 10:58   Last updated 06/01/2017 - 13:08   No. Content 7740

 

 

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Economy News _ Baghdad:
 
Announced the Trade Bank of Iraq on Friday, re-opening of the branch of Ramadi west of the country, after qualifying for the provision of services to the people of the liberated areas.
 
The head of the Iraqi Trade Bank Administration, Faisal Alheims, in a press release received "Economy News", "the bank re-qualification and the opening of its branch in the city of Ramadi, adding that the bank of his priorities to provide better services and contribute to the reconstruction of the liberated city of Ramadi areas of the organization Daesh terrorist.
 
He added that he was the direct work done yesterday, Thursday, 06/01/2017.
 
The "bank opened new branches locally and regionally to provide broader services to its customers to meet all the needs of the individual in the banking sector.
 
 
Views 8   Date Added 06/02/2017 - 13:03   Last updated 06/02/2017 - 13:39   No. Content 7755
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3 hours ago, Laid Back said:

CBI opening new branches in different areas of Iraq

Trade Bank of Iraq reopening branch of Ramadi

 

follow the bankers

follow the money

 

Go banking system

Go new monetary policy 

Go RV 

Go $1:1

 

Good afternoon brother Laid Back and DV. We can see that Iraq is preparing for a maket economy and the conversion of a usd based currency to their own currency, the IQD. Iraq has been dollarizing the country for some time now and before long we will see this shift. The opening and re-opening of branches throughout the country is a sign they are preparing for such an event. We know the inevitable will take place and the true value of the IQD will arise, the question is when and how much. 2 things still must happen imo, one is the liberation of Mosul and I have to side with Adam that  2nd, HCL is also a key factor. I also believe that once the liberation of Mosul happens,  we should begin to see other important laws and issues fall into place. Perhaps many people's patience is being tested and the desire to throw in the towel a possibility, but that is when usually something BIG happens. Hang in there, great things comes to those with patience and I truly believe Mr Abadi wants the best for his people and I'm sure he wishes the atrocities were over as well. 

Sorry for the rant but it's just my :twocents:

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4 hours ago, climber7 said:

 

 

Are they putting out dinars or dollars?  How do we know which they're dealing out in transactions? 

we know the cbi sells USD for iqd but at the local banks imo its probably a mix but my best guess is more in the usd ledger, aren't most of these branches in locations where isis over ran them and cleaned them out now that the terrorist are wearing women's clothing or dead ... banks reopening ... cheers  

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2 hours ago, Wiljor said:

 

Good afternoon brother Laid Back and DV. We can see that Iraq is preparing for a maket economy and the conversion of a usd based currency to their own currency, the IQD. Iraq has been dollarizing the country for some time now and before long we will see this shift. The opening and re-opening of branches throughout the country is a sign they are preparing for such an event. We know the inevitable will take place and the true value of the IQD will arise, the question is when and how much. 2 things still must happen imo, one is the liberation of Mosul and I have to side with Adam that  2nd, HCL is also a key factor. I also believe that once the liberation of Mosul happens,  we should begin to see other important laws and issues fall into place. Perhaps many people's patience is being tested and the desire to throw in the towel a possibility, but that is when usually something BIG happens. Hang in there, great things comes to those with patience and I truly believe Mr Abadi wants the best for his people and I'm sure he wishes the atrocities were over as well. 

Sorry for the rant but it's just my :twocents:

I am with you guys on that one. I am also looking for more purchasing power of the dinar in the mean time. I have seen it, not much but moving a little stronger against the dollar.  I think they are doing this to show the people that value is coming.  

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1 hour ago, ChuckFinley said:

I am with you guys on that one. I am also looking for more purchasing power of the dinar in the mean time. I have seen it, not much but moving a little stronger against the dollar.  I think they are doing this to show the people that value is coming.  

Just watching those pips, getting tighter together for that sudden drop

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6 hours ago, Wiljor said:

 

Good afternoon brother Laid Back and DV. We can see that Iraq is preparing for a maket economy and the conversion of a usd based currency to their own currency, the IQD. Iraq has been dollarizing the country for some time now and before long we will see this shift. The opening and re-opening of branches throughout the country is a sign they are preparing for such an event. We know the inevitable will take place and the true value of the IQD will arise, the question is when and how much. 2 things still must happen imo, one is the liberation of Mosul and I have to side with Adam that  2nd, HCL is also a key factor. I also believe that once the liberation of Mosul happens,  we should begin to see other important laws and issues fall into place. Perhaps many people's patience is being tested and the desire to throw in the towel a possibility, but that is when usually something BIG happens. Hang in there, great things comes to those with patience and I truly believe Mr Abadi wants the best for his people and I'm sure he wishes the atrocities were over as well. 

Sorry for the rant but it's just my :twocents:

Brother Wiljor gracias for your input.

:twothumbs:

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  • yota691 changed the title to Director General of the TBI: the bank plans to open branches in commercial centers

Director General of the TBI: the bank plans to open branches in commercial centers

   
 

 
 

6/15/2017 0:00 
 
Baghdad / Farah pumice
As part of the government's economic reforms, the Iraqi Trade Bank seeks to develop banking its tools by opening branches in commercial centers that provide services to citizens in the morning and evening outside the times of official working for government institutions, to meet the needs of the public Almalah.mder General Bank of Iraq, Faisal Alheims said in a statement "morning" that the steps followed in government reforms going properly and well thought out, and began to bear fruit in helping to promote the country's economy.
It saw Alheims that the results and performance of these reforms began to bear fruit during the current stage, as in the experience of TBI, through a strong performance by increasing profits and access to a record rate of 270 percent, which returned half of the profits to the state treasury , a positive guide for the decision to change through supporting the President of the Ministers and government of the banking sector. 
The proposal of the bank 's capital increase based on the proposal of the Board of Directors, as approved by the Government, to meet the needs of the financing bank 's major investment projects in the country, and keep up with the requirements of international bodies including (Basel 3), which through banks a certain capital amount increases, that be available in 2019, and headed the bank for this increase to be identical with the capital requirements according to the body (Basel 3) to enable the continued provision of Iraq 's activity in international trade. The spirit of competition Alheims noted the role of the government within the project of economic reforms , making changes in the banking departments in an effort to develop their work, and create a spirit of competition between the public and private sectors to move the wheel of the economy, through which put forward ideas and new products and banking services best introduction to the public, as well as the automation of operations banking and keep up with modern banking technology. A new role and the best example of this, according to Alheims, the Trade Bank of Iraq exercises a new role developed through out the old pattern in the inventory of services to trade finance, and go towards financing retail personnel, as well as to expand its role by enabling international trade of the Republic of Iraq, as well as supporting the private sector through the launch of new products, and re - launch of the brand, as well as investment regimes in the bank and modernization, training and development of human cadres and the processing efficiency of the bank, as well as trying to accomplish customer transactions faster than the previous, and seek the best to offer customers through censorship and Accounting for the work of the Angels. Positive media said Director General of the intention of the bank to open branches in commercial centers, which provide services where morning and evening , which promise a healthy state as in the developed countries of the world, to help the advancement of the banking sector and to move the economic cycle, especially as the bank is a tool needed by the citizen  to meet the needs of the financial side , noting at the same time it is a positive means of flowing into the package of reforms presented by the Prime Minister to address some of the problems related to economic activity , along with his effort in the liberation war lands usurped by Daesh terrorist gangs. On the other hand he saw a businessman Hussein Khawam that the reforms launched by the prime minister package was excellent and have a significant impact on the reality of the local market. He Khawam "morning" that he and observers as investors to the market situation, has seen a significant improvement in the last period, after issuing a set of decisions and the implementation of economic laws strengthened reality by moving the wheel of the economy, for the benefit of the citizen. Important departments and drew a businessman that the reforms initiated by Prime Minister d package. Haider al - Abadi changed the important departments in state institutions for the selection of qualified specialists, which emerged in the results of banking institutions and service departments.  An important reform steps taken by the Prime Minister, Khawam pointed to the great challenges witnessed by preventing the import of goods products that have similar factories in Iraq , such as cement, where it is the heavy industry extraction, especially that each plant provides 700 jobs, especially in the provinces suffering from economic crises. Khawam noted that the Bank of the (TBI) of the leading banks that have entered the field of the development of the wheel of the Iraqi economy in line with the economic reforms, in collaboration with his company (Doha company Cement Industries) card 5000 tons to supplement the domestic market this product, which counted factories environmentally friendly, It owns 650 of direct manpower, in addition to manpower , indirect exceeding 1000 member.
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The Iraqi Trade Bank (TBI) will open a branch in Mosul

7/29/2017

 
BAGHDAD / Mohamed Ismail
revealed the Chairman of the Board of Directors of the Iraqi Bank for Trade TBI Faisal Hems that the bank is getting approval to open a branch in Mosul, during a record period;
He said in a statement to «morning» that the TBI has already delivered assistance to the areas affected by terrorism, hoping to persist in the service of national issues humanely, in cooperation with the Central Bank of Iraq.
 
Ambassador of the financial sector
explained that the purpose of the establishment of the bank is to support and finance the private sector, at the level of contractors and investors, stressing his desire to be a good national ambassador to the financial sector in Iraq, by contributing to a high degree in support of the budget of the country's economy, through a base of 23 branches And 80 thousand customers and 431 correspondents, in the countries of the world, pointing out that the bank is in constant evolution in accordance with the guidance of the State, and it seeks to educate the citizen bank to keep pace with global updates in this field.
 
Identification
with the national effort and
said: "The TBI is keen to identify with the national effort through many activities, the most important now is a book we submitted to the bank on the opening of a branch of the bank in Mosul, as well as the sponsorship of aesthetic activities, on the sidelines of financial work, "Financial, cinematic and theatrical as well as discount in several airlines and hotels and free entry to business halls at airports."
And the branches of the bank between Hmis it «distributed between 7 in Baghdad and 4 in the Kurdistan region, including 2 in Sulaymaniyah and 2 in Arbil and the other in Ramadi, Hilla, Karbala, Basra, Najaf and Kut and 2 in Maysan; it is characterized by work owners enabled him to achieve an advanced level, Annual, for a 2 percent interest rate for customers. "
 
The local
and foreign currency and
on the preference of dealing in dollars or the Iraqi dinar, he said: "The dinar is our national currency, dealing with it earns a global weight, but wars and international sanctions have weakened it, but the government's actions and the cooperation of banks with the central bank increased its value after 2003, against sovereign requirements."
 

The financing of investment projects and the financing of TBI investment projects, including cement factories in Baghdad, Basra, Samawa, Kurdistan region and Babylon Mall in Baghdad and power stations, looking forward to: «Issuance of Iraq's international bonds, in cooperation with local and foreign banks; And extending the network of electronic payment and consolidation ».
 

Homs pointed to the existence of «high flexibility in the Iraqi Constitution, and legislators in the House of Representatives, are serious to activate laws supporting banks to move freely». The financing of investment projects and the financing of TBI investment projects, including cement factories in Baghdad, Basra, Samawa, Kurdistan region and Babylon Mall in Baghdad and power stations, looking forward to: «Issuance of Iraq's international bonds, in cooperation with local and foreign banks; And extending the network of electronic payment and consolidation ». Homs pointed to the existence of «high flexibility in the Iraqi Constitution, and legislators in the House of Representatives, are serious to activate laws supporting banks to move freely». The financing of investment projects and the financing of TBI investment projects, including cement factories in Baghdad, Basra, Samawa, Kurdistan region and Babylon Mall in Baghdad and power stations, looking forward to: «Issuance of Iraq's international bonds, in cooperation with local and foreign banks; And extending the network of electronic payment and consolidation ». Homs pointed to the existence of «high flexibility in the Iraqi Constitution, and legislators in the House of Representatives, are serious to activate laws supporting banks to move freely».
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  • 1 month later...
 
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Economy News _ Baghdad

The Iraqi Trade Bank (TBI) opened on Sunday a new branch at the Babylon Mall in the Al-Mansurbi area of Baghdad.

The opening ceremony was attended by the adviser of the Governor of the Central Bank of Iraq, Walid Idi, and the director of management and training of the Association of Iraqi private banks, Ahmed Hashemi and a number of representatives of government and private Iraqi banks.

"The bank has opened a new branch at the Babylon Mall, continuing the expansion of its branch network," said Fouad Al-Wakil, assistant director general of the Iraqi Bank for Trade, in an interview with Al-Eqtada News. "The opening of a branch in the mall came to reinforce our approach to being close to our partners. The field of business to provide the necessary support from financial services near their places of presence and strengthen our partnership with them. "

"The bank is continuing to open new branches locally and regionally in the near future to provide wider services to its customers."

 

Views 14   Date Added 17/09/2017

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  • yota691 changed the title to The Iraqi Trade Bank opens a new branch at the Babylon Mall

Economist: Expanding the banking base reduces home-based compactness

   
 

 
 


20/9/2017 12:00 am 

The 
opening of the 24th branch of the Iraqi Trade Bank in one of the new commercial buildings (Mall of Babylon), "Dlala", the bank's efforts to provide the best services to customers, which urges citizens to deposit their money in banks and leave the habits of housekeeping. The bank branch was officially opened by representatives of the General Secretariat of the Council of Ministers, the Central Bank of Iraq and representatives of the Iraqi Trade Bank, along with the participation of representatives of the Association of Banks. The Director-General of the Iraqi Trade Bank Faisal Al-Hims said in a press statement:

In turn, the economic analyst Rahim al-Shammari said in his statement to "morning" that "the opening of branches of banks, both in the capital Baghdad or other provinces, but shows the awareness of banking and keep pace with the work of international financial institutions in the acquisition of experiences and successful experiences."
He added that "these steps are consistent with the government's intentions in support of the national economy The Iraqi Bank of Trade seeks to provide the best and widest banking services, to overcome the obstacles to the citizens and customers, as the branch will provide the" Babylon "service Jamar (the second branch in the capital Baghdad) to complete banking operations Without waiting, and the preference of the customer to give 0.5 percent on fixed deposit rates on the advertised prices, and also awarded the card Jamar, which gets discounts for some airlines, hotels, restaurants and get (two tickets for a quarter of theatrical performances and cinemas) Yeh that allow the holder to enter all the halls of honor at most international airports, in addition to other features, it will be the first government bank provides services on an ongoing basis and distinctive customers.
Al-Shammari urged other banks to expand their banking base and increase the number of branches to facilitate the delivery of banking services to citizens, and to spread the culture and awareness of banking in Iraqi society, and urged citizens to deposit their money in banks and not hoarding in homes to keep them from accidents, thus entering the financial and economic cycle of the country and return Mutually beneficial. The Iraqi Trade Bank has 24 branches in Iraq and provides various banking services to all customers. It also strives to strengthen its banking services throughout Iraq, providing its services an important turning point in the field of banking to its customers from companies, individuals and government institutions. The size of its customers and the expansion of its business and activity in the market, and is a gateway to access to the outside world.
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