Iraqi Trade Bank announces results of profits and revenues last year

[SocalDinar]

Just now, jcfrag said:

Holy Guacamole! 2 months of rent and your taxes are paid! Way To Go SD!!!! 😎

And that’s only one rental have another plus my house. Lots of Huge corporations have been building corporate offices here in the South Bay . Traffic is a nightmare coming into town in the morning and leaving in the afternoon . So these corporate employees want to live here.

nightine population is 19,000. Daytime population is 65,000

Im always leaving town in the morning so The traffic is no problem for me.

I’ve tried talking the wife into cashing out but she will not leave the area 

[jcfrag]

4 minutes ago, SocalDinar said:

And that’s only one rental have another plus my house. Lots of Huge corporations have been building corporate offices here in the South Bay . Traffic is a nightmare coming into town in the morning and leaving in the afternoon . So these corporate employees want to live here.

nightine population is 19,000. Daytime population is 65,000

Im always leaving town in the morning so The traffic is no problem for me.

I’ve tried talking the wife into cashing out but she will not leave the area 

Well, If it ain't broke don't fix it! Nothing worse than an unhappy spouse! : )

[NoviceInvestor]

17 minutes ago, Botzwana said:

Changing my mind again.  They just announced on mexican tv.  7.400 murdered this year alone.  Less than 4 full months.  Not to mention all the frickin kidnapping etc.  When guns are outlawed then only the outlaws have guns.  Welcome to MExico.  Come on RV!  

That is an average approx 67 murders a day.. Thank God I live where a Police or Ambulance siren is a rarity .. 

[yota691]

The Association of Iraqi Private Banks establishes an effective definition of the concept of financial inclusion

 

Aspect of effectiveness

Banks Economy News _ Baghdad On Tuesday, the Association of Iraqi Private Banks held an activity to introduce the concept of financial inclusion in the Creative Development School, with the participation of the Iraqi Trade Bank "TBI" and the Iraqi Investment Bank. The event included providing gifts and games by participating banks, and introducing students to the importance of banking transactions and the services they provide to citizens. Participating banks highlighted the importance of the banking sector in achieving economic development, supporting projects, opening bank accounts and using electronic payment tools.

Views 20   Date Added 23/04/2019

[yota691]

. The disclosure of suspicions of corruption in the work of the Iraqi Bank for Trade (TBI)

Date of release:: 2019/5/20 12:42 • 367 times read

The Iraqi Center for Legal Development (ICLD) announced on Monday a number of corruption suspicions that affected the work of the Iraqi Trade Bank (TBI) during the previous years of its work.

The Center disclosed in a statement received by the agency {Euphrates News} a copy of it, "the four points, the bank violated the controls and instructions provided for; granting loans to companies and businessmen without guarantees, and accepted some of the guarantees are not true, stressing the bank's failure to take any actions and steps Which is appropriate to the damage caused to public money when borrowers do not pay their loans, an indication of a clear loophole in the guarantees provided, which is to get the owner of the loan on the land and leave by the State for free and the establishment of his project with state funds as well, wondering where to invest in this ?! .is over

[Butifldrm]

A legal center reveals suspicions of corruption in the work of the Iraqi Bank for Trade

13:01 - 20/05/2019

 

  

Information / Baghdad .. 
declared the center of Iraq Legal Development ICLD, Monday, for a number of suspicions of corruption , which affected the work of the Trade Bank of Iraq (TBI) during the previous years of his work. 
The Center disclosed in a statement received a copy of the report on "four points, the bank violated the rules and regulations provided for; granting loans to companies and businessmen without guarantees, and accepted some of the guarantees are not real."

The Center stressed that "the bank does not take any measures and steps commensurate with the damage caused to public money when the borrowers do not pay their loans", indicating "a clear loophole in the guarantees provided, namely, obtaining the owner of the loan on the land and leave by the State free of charge and the establishment of his project With state money too, wondering, "Where to invest in this ?!". Ending / 25

https://www.almaalomah.com/2019/05/20/407290/

[yota691]

20-05-2019 12:37 PM

Legal Center reveals suspicions of corruption in the work of the Iraqi Bank for Trade (TBI)

 

 

Baghdad

The Iraqi Center for Legal Development (ICLD) announced on Monday a number of corruption suspicions that have affected the work of the Iraqi Trade Bank (TBI) during the previous years.

In a statement received by Al-Akhbar, a copy of which was issued by the Center, the Center disclosed "four points, in which the bank violated the rules and regulations stipulated therein; it granted loans to companies and businessmen without guarantees, and accepted some unrealistic guarantees." And steps appropriate to the damage caused to public money when borrowers do not pay their loans, an indication of a clear loophole in the guarantees provided, which is to get the owner of the loan on land and leave by the State for free and the establishment of the project with state funds as well, wondering where to invest in this? ! ".

 

 

 

 

 

 

[yota691]

The Iraqi Trade Bank announces the transfer of 106 billion dinars to the State Treasury

Economie

2019-05-29 11:53

 

 

Source:

Alsumaria News

 

8,904 views

 

The Iraqi Trade Bank announced on Wednesday the transfer of 106 billion dinars to the State Treasury, indicating that the bank is working and growing steady steps to develop its business.

"The external auditor has completed the audit of the bank's financial statements for the year 2018. 50% of the bank's net profits for the year 2018 have been transferred to the State Treasury, equivalent to (106,445,010,000) (one hundred and six billion)," Faisal Al-Homs, And four hundred and forty-five million and ten thousand Iraqi dinars).

 

"Our bank is working and growing at a steady pace to develop its business and strengthen its work inside and outside the country, which contributes to increasing the financial work it provides and in turn leads to increased profits," he added. 

He pointed out that "from this principle we work hard and firm to strengthen the state treasury on a continuous basis to support the government steps and comply with the directives of Prime Minister Adel Abdul Mahdi, which directed the institutions of the state to work to maximize national production in all sectors and return in turn positive outcome on our beloved country.

[yota691]

The Iraqi Trade Bank announces the transfer of 106 billion dinars to the State Treasury

 2019-05-29 17:26:58 0 comments

The Iraqi Trade Bank announced on Wednesday the transfer of 106 billion dinars to the State Treasury, indicating that the bank is working and growing steady steps to develop its business.

"The external auditor has completed the audit of the bank's financial statements for the year 2018. 50% of the bank's net profits for the year 2018 have been transferred to the State Treasury, equivalent to (106,445,010,000) (one hundred and six billion)," Faisal Al-Homs, And four hundred and forty-five million and ten thousand Iraqi dinars)

 

"Our bank is working and growing at a steady pace to develop its business and strengthen its work inside and outside the country, which contributes to increasing the financial work it provides and in turn leads to increased profits," he added. 

He pointed out that "from this principle we work hard and firm to strengthen the state treasury on a continuous basis to support the government steps and comply with the directives of Prime Minister Adel Abdul Mahdi, which directed the institutions of the state to work to maximize national production in all sectors and return in turn positive outcome on our beloved country.

 

[10 YEARS LATER]

Fine, Fine & Fine . . . My Bank account has moths flying around in it. 

[cutter73]

@10 YEARS LATER my moths died long ago... waiting on these crooks.

[Mary B]

«Iraqi Trade» converts half of its profits to the treasury of the state

 

The slogan of the Iraqi Trade Bank «Economy News»

Banks Economy News Baghdad The Iraqi Trade Bank announced the transfer of half of its profits of 106 billion dinars to the State Treasury. "The external auditor has completed the audit of the financial statements of the bank for the year 2018, where 50% of the net profits of the bank for the year 2018 were transferred to the public treasury of the state equivalent to (106,445,010,000) (one hundred and six) One billion four hundred and fifty-five million and ten thousand Iraqi dinars). " "Our bank is working and growing at a steady pace to develop its business and strengthen its work inside and outside the country, which contributes to increasing the financial work it provides and in turn leads to increased profits," he added.  He pointed out that "from this principle we work hard and firm to strengthen the state treasury on a continuous basis to support the government steps and comply with the directives of Prime Minister Adel Abdul Mahdi, which directed the institutions of the state to work to maximize national production in all sectors and return in turn positive outcome on our beloved country. Views 89   Date Added 30/05/2019

http://economy-news.net/content.php?id=16799

[yota691]

The Iraqi Trade Bank signs an agreement with the Indian Information Solutions Company

Part of the signing of the Convention

 19 June 2019 12:44 PM

Mubasher: The Iraqi Trade Bank signed a Memorandum of Understanding (MoU) with the Indian Software and Software Solutions Company.

Mubasher said Wednesday that the partnership will develop financial technology solutions and provide a cloud platform to store data and information for the first time in the field of financial services in Iraq.

Alpen Asset Advisors is the sole financial advisor between the two companies, which aims to establish a long-term strategic relationship in the establishment and management of a data center and solution solutions to accommodate and store information through the technology to host the virtual information and restore the ability to continue banking after Crises and disasters, as well as the design of digital financial solutions and other IT services in Iraq.

According to the MoU, BTI will invest strategically in ESDS Indian Software Solutions and Software by acquiring new shares in the company.

The Indian company will also invest in new shares in Windows Information Technology and Information Technology Services (IWEPIT), established by the Iraqi Trade Bank in Iraq to create a specialized data center and provide financial technology services that meet the requirements of the Bank and other financial institutions in Iraq and other financial markets. Neighboring.

[yota691]

The Iraqi Trade Bank signs an agreement with the Indian Information Solutions Company

 

Part of the signing of the Convention

Banks Economy News Baghdad The Iraqi Trade Bank (BTI) signed a memorandum of understanding (MoU) on Wednesday with the Indian Information and Software Solutions Company. The partnership will develop financial technology solutions and provide a cloud platform to store data and information for the first time in the field of financial services in Iraq, according to a statement by the company. Alpen Asset Advisors is the sole financial advisor between the two companies, which aims to establish a long-term strategic relationship in the establishment and management of a data center and solution solutions to accommodate and store information through the technology to host the virtual information and restore the ability to continue banking after Crises and disasters, as well as the design of digital financial solutions and other IT services in Iraq. According to the MoU, BTI will invest strategically in ESDS Indian Software Solutions and Software by acquiring new shares in the company. The Indian company will also invest in new shares in Windows Information Technology and Information Technology Services (IWEPIT), established by the Iraqi Trade Bank in Iraq to create a specialized data center and provide financial technology services that meet the requirements of the Bank and other financial institutions in Iraq and other financial markets. Neighboring. Views 17   Date Added 19/06/2019

[6ly410]

The Iraqi Trade Bank signs an agreement with the Indian Information Solutions Company

http://economy-news.net/content.php?id=16991

Part of the signing of the Convention

 

 

Economy News Baghdad

The Iraqi Trade Bank (BTI) signed a memorandum of understanding (MoU) on Wednesday with the Indian Information and Software Solutions Company.

The partnership will develop financial technology solutions and provide a cloud platform to store data and information for the first time in the field of financial services in Iraq, according to a statement by the company.

Alpen Asset Advisors is the sole financial advisor between the two companies, which aims to establish a long-term strategic relationship in the establishment and management of a data center and solution solutions to accommodate and store information through the technology to host the virtual information and restore the ability to continue banking after Crises and disasters, as well as the design of digital financial solutions and other IT services in Iraq.

According to the MoU, BTI will invest strategically in ESDS Indian Software Solutions and Software by acquiring new shares in the company.

The Indian company will also invest in new shares in Windows Information Technology and Information Technology Services (IWEPIT), established by the Iraqi Trade Bank in Iraq to create a specialized data center and provide financial technology services that meet the requirements of the Bank and other financial institutions in Iraq and other financial markets. Neighboring.

Views 150   Date Added 06/19/2019

[6ly410]

bump

Edited June 19, 2019 by 6ly410

[6ly410]

19 June, 2019

Trade bank of Iraq and ESDS software solution sign mou for developing fintech and a cloud platform

https://www.zawya.com/mena/en/press-releases/story/Trade_Bank_of_Iraq_and_ESDS_software_solution_sign_MOU_for_developing_Fintech_and_a_cloud_platform-ZAWYA20190619073301/

 

Alpen Capital (ME) Limited acted as the sole advisor for the transaction between the two firms, which aims to establish a long-term strategic relationship in the field of establishing and managing data centre, cloud solutions and virtualization and disaster recovery hosting solutions, financial technology solutions and other Information Technology services in Iraq.

Press Release

Dubai: Trade Bank of Iraq (“TBI”) has entered into a Memorandum of Understanding (MoU) with ESDS SOFTWARE SOLUTION PVT. LTD, India (“ESDS”) to develop financial technology and a cloud platform in Iraq.

Alpen Capital (ME) Limited acted as the sole advisor for the transaction between the two firms, which aims to establish a long-term strategic relationship in the field of establishing and managing data centre, cloud solutions and virtualization and disaster recovery hosting solutions, financial technology solutions and other Information Technology services in Iraq.

 

ESDS has developed revolutionary technology of vertical auto-scaling in cloud and virtualization. This technology is patented by the United States Patent and Trademark Office (“USPTO”) and Intellectual Property office of United Kingdom (“The IPO”).

In addition to the revolutionary cloud technology, ESDS has proven expertise in setting up data centres and providing customized data centre and other information technology solutions for Banks and Financial Institutions, managed data centre services, managed cloud solutions and data virtualization, disaster recovery hosting and web designing and web hosting services.

ESDS will provide all its services and expertise including the patented data centre software – eNlight 360 to TBI and become an exclusive partner to TBI for the market of Iraq and the neighbouring markets to be mutually agreed between parties. It will also render technical know-how and managed services to IWEPIT.

Faisal Al Haimus, Chairman and President, TBI, said: “This is indeed a landmark association and we believe our combined synergies will allow us to make significant strides in the area of fintech and technology advancement.

“This is the latest in a number of strategic agreements we have made with leading firms in the region to help rebuild, develop and modernise Iraq.

Piyush Somani, Founder MD & CEO, ESDS said: “We at ESDS are highly excited about this partnership with TBI. We consider ourselves lucky to get such an opportunity to transform a country like Iraq, where Cloud Technology and FinTech solutions are desperately needed to bring the country to the level where it should have reached by now.

“ESDS is the only Cloud service provider in the world having Patented Vertical as well as Horizontal auto-scaling technology deployed for Banking Community Cloud having more than 300 Banks in India. We are very much confident of filling up the vacuum which exists in Iraq Technology market.”

-Ends-

[6ly410]

TRADE BANK OF IRAQ AND ESDS SOFTWARE SOLUTION SIGN MOU FOR DEVELOPING FINTECH AND A CLOUD PLATFORM

Wednesday 19 June 2019

https://www.menaherald.com/en/money/fintech/trade-bank-iraq-and-esds-software-solution-sign-mou-developing-fintech-and-cloud

 

Dubai - MENA Herald:

Trade Bank of Iraq “TBI” has entered into a Memorandum of Understanding (MoU) with ESDS SOFTWARE SOLUTION PVT. LTD, India (“ESDS”) to develop financial technology and a cloud platform in Iraq.

Alpen Capital (ME) Limited acted as the sole advisor for the transaction between the two firms, which aims to establish a long-term strategic relationship in the field of establishing and managing data centre, cloud solutions and virtualization and disaster recovery hosting solutions, financial technology solutions and other Information Technology services in Iraq.

ESDS has developed revolutionary technology of vertical auto-scaling in cloud and virtualization. This technology is patented by the United States Patent and Trademark Office (“USPTO”) and Intellectual Property office of United Kingdom (“The IPO”).

In addition to the revolutionary cloud technology, ESDS has proven expertise in setting up data centres and providing customized data centre and other information technology solutions for Banks and Financial Institutions, managed data centre services, managed cloud solutions and data virtualization, disaster recovery hosting and web designing and web hosting services.

ESDS will provide all its services and expertise including the patented data centre software – eNlight 360 to TBI and become an exclusive partner to TBI for the market of Iraq and the neighbouring markets to be mutually agreed between parties. It will also render technical know-how and managed services to IWEPIT.

Faisal Al Haimus, Chairman and President, TBI, said: “This is indeed a landmark association and we believe our combined synergies will allow us to make significant strides in the area of fintech and technology advancement.

“This is the latest in a number of strategic agreements we have made with leading firms in the region to help rebuild, develop and modernise Iraq.

Piyush Somani, Founder MD & CEO, ESDS said: “We at ESDS are highly excited about this partnership with TBI. We consider ourselves lucky to get such an opportunity to transform a country like Iraq, where Cloud Technology and FinTech solutions are desperately needed to bring the country to the level where it should have reached by now.

“ESDS is the only Cloud service provider in the world having Patented Vertical as well as Horizontal auto-scaling technology deployed for Banking Community Cloud having more than 300 Banks in India. We are very much confident of filling up the vacuum which exists in Iraq Technology market.”

[6ly410]

TRADE BANK OF IRAQ AND ESDS SOFTWARE SOLUTION SIGN MOU FOR DEVELOPING FINTECH AND A CLOUD PLATFORM

Adel 9 hours ago BUSINESS Leave a comment 65 Views

http://www.mydubainews.com/trade-bank-of-iraq-and-esds-software-solution-sign-mou-for-developing-fintech-and-a-cloud-platform/

 

Dubai, June 19, 2019: Trade Bank of Iraq (“TBI”) has entered into a Memorandum of Understanding (MoU) with ESDS SOFTWARE SOLUTION PVT. LTD, India (“ESDS”) to develop financial technology and a cloud platform in Iraq.

Alpen Capital (ME) Limited acted as the sole advisor for the transaction between the two firms, which aims to establish a long-term strategic relationship in the field of establishing and managing data centre, cloud solutions and virtualization and disaster recovery hosting solutions, financial technology solutions and other Information Technology services in Iraq.

ESDS has developed revolutionary technology of vertical auto-scaling in cloud and virtualization. This technology is patented by the United States Patent and Trademark Office (“USPTO”) and Intellectual Property office of United Kingdom (“The IPO”).

In addition to the revolutionary cloud technology, ESDS has proven expertise in setting up data centres and providing customized data centre and other information technology solutions for Banks and Financial Institutions, managed data centre services, managed cloud solutions and data virtualization, disaster recovery hosting and web designing and web hosting services.

ESDS will provide all its services and expertise including the patented data centre software – eNlight 360 to TBI and become an exclusive partner to TBI for the market of Iraq and the neighbouring markets to be mutually agreed between parties. It will also render technical know-how and managed services to IWEPIT.

Faisal Al Haimus, Chairman and President, TBI, said: “This is indeed a landmark association and we believe our combined synergies will allow us to make significant strides in the area of fintech and technology advancement.

“This is the latest in a number of strategic agreements we have made with leading firms in the region to help rebuild, develop and modernise Iraq.

Piyush Somani, Founder MD & CEO, ESDS said: “We at ESDS are highly excited about this partnership with TBI. We consider ourselves lucky to get such an opportunity to transform a country like Iraq, where Cloud Technology and FinTech solutions are desperately needed to bring the country to the level where it should have reached by now.

“ESDS is the only Cloud service provider in the world having Patented Vertical as well as Horizontal auto-scaling technology deployed for Banking Community Cloud having more than 300 Banks in India. We are very much confident of filling up the vacuum which exists in Iraq Technology market.”

[yota691]

Al Attar congratulates the TBI: an honorable march of successful banking

Economy | 01:33 - 26/06/2019

 

 

 

Baghdad - Mawazine News 
The Deputy Chairman of the Arab Mashreq Islamic Investment Bank Ghadir Al-Attar on Wednesday presented congratulations and congratulations to the Iraqi Trade Bank (TBI) on the occasion of the opening of its new headquarters in central Baghdad " 
Al-Attar said in a statement received by Mawazine News, Congratulations and congratulations to the Iraqi Bank for Trade "TBI" on the occasion of the opening of the new headquarters of the General Directorate in the street Rashid in central Baghdad, "noting the importance of" the role of the Iraqi Bank for trade in the banking sector in the country. 
"Attar pointed out that" TBI has an honorable history of banking And monetary within the country and has a good reputation q Handled by his staff , "noting that" the bank sector continuously grow at the level of the bank and the provision of financial services and the most prominent among banks is the Trade Bank of Iraq. "
At the end of the statement, Al Attar wished the General Administration of the Iraqi Bank for Trade and all its employees continued success in providing the best banking and financial solutions for the benefit of the public. "

[6ly410]

Trade Bank of Iraq celebrates grand opening of new headquarters in Baghdad

Wednesday 26 June 2019

< >

https://www.menaherald.com/en/money/banking/trade-bank-iraq-celebrates-grand-opening-new-headquarters-baghdad

 

Baghdad - MENA Herald:

Trade Bank of Iraq (TBI) officially opened its new headquarters in a special ceremony held today in Baghdad.

The opening ceremony was held in the presence of the Iraqi Prime minister representative and Adviser Dr Ihssan Al Hakim among other guests including Iraqi public, privet and international banks Directors, Government officials, Diplomats

Located in the heart of the city of Baghdad on Al Rasheed Street, which holds a strong cultural and historic value, the new headquarters wholly owned by the bank is designed to facilitate collaboration as it will bring 670 Baghdad-based employees of TBI under one roof for the first time.

The new HQ comprises of 5 floors with the ground floor set to provide banking services to customers while the remaining floors are dedicated to administrative work.

Walid Eidi, representative of Central Bank of Iraq Governor and the Central Bank Adviser said: “The opening of TBI’s new headquarter is a major step as it increases the number of assets for the Iraqi government.

“This investment is in line with the government’s 3-year National Development Plan which aims for an enhanced asset management among other policies to reach our targeted growth rate for 2022, reaping economic and social benefits for the people of Iraq.”

Faisal Al Haimus, Chairman and President, TBI, said “The new headquarters is a significant milestone for us. It is equipped with state-of-the-art infrastructure that will benefit both our employees and customers.

“Our new corporate headquarters, strategically located in the heart of Baghdad’s city center, is equipped with the latest technologies and modern banking techniques, adopting safety measures in accordance with local and international standards.  

“It is designed to facilitate customer and employee experience and elevate it to the highest standards possible in line with our goals at TBI.”

This major milestone comes at the back of the opening of TBI’s first international branch in Riyadh, Saudi Arabia. The branch in Saudi Arabia is aimed at developing and strengthening relations between the two countries as well as facilitating transactions for Iraqi nationals performing Hajj and Umrah.

The bank recently transferred over 90 million USD, 50% of their net profit for the year 2018, to State Treasury to support system">support and strengthen the economy of Iraq.

TBI is making great strides towards reaching its strategic goals both in business and in assisting the ongoing reconstruction of Iraq as it continues to define its reputation as a competent institution with access to global financial networks.

As TBI moves forward with its strategic plan that will take the bank up to 2021, it continues to play a pivotal and influential role in Iraq’s ongoing recovery and regeneration.

Edited June 26, 2019 by 6ly410

[6ly410]

 

Edited June 26, 2019 by 6ly410

[10 YEARS LATER]

Whoopty Fricking Do Do ..... give’em all Camel 🐪 Crap Cigars !!!! International whatever.... whadaya gonna do about that toilet paper Currency! ? ! 

[Theseus]

34 minutes ago, 10 YEARS LATER said:

Whoopty Fricking Do Do ..... give’em all Camel 🐪 Crap Cigars !!!! International whatever.... whadaya gonna do about that toilet paper Currency! ? ! 

They don't use toilet paper could be the reason why it's still on the roll. They use three stones.

[cws]

Free clock radios or toasters for all!!