Iraqi Trade Bank announces results of profits and revenues last year

10 YEARS LATER · June 26, 2019

27 minutes ago, Theseus said:

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

Dang....forgot where I was for a moment-3 stones or a left 🤚 hand....whichever is more convenient.

All the Best Theseus

10YL+6& :rocking-chair:

yota691 · June 27, 2019

Video .. Iraqi Bank for Trade launches 200 loans worth 3 billion dinars a day

Political | 03:55 - 27/06/2019

yota691 · June 28, 2019

The opening of a branch of the Iraqi Bank for Trade in Nineveh

Thursday 27 June 2019 129

Baghdad / Tareq al-Araji

The Iraqi Trade Bank revealed the opening of its new branch in the province of Nineveh with the intention to open other branches in both Turkey and Shanghai, China, while the profits of the year 2018 to the state treasury and reached amounts to 106 billion dinars.

The opening of the general administration in this period comes in line with the strategic plan which was prepared in early 2016 and lasted for three years. The bank succeeded during the period In the past in the implementation of most of the joints of the plan, including the opening of internal and external branches and maximize annual profits, noting that the next few years will witness the preparation of the strategic plan for the next three years.

He added that the new building consists of six layers comprising all sections of the bank, and employs 670 employees in various disciplines, and was opened in the presence of a representative of the Prime Minister and a number of deputies and ambassadors of countries.

He explained that the next few years will witness the opening of a branch of the bank in the province of Nineveh to provide banking services there for government institutions and citizens alike, bringing the number of internal branches to 27 banks in all provinces, revealing the intention also to open two new branches in Turkey and the city of Shanghai China To provide banking services after he succeeded in opening the UAE branches in the market

Abu Dhabi International Finance and in Riyadh, Saudi Arabia.

The bank also managed to transfer 50 percent of the net profits for 2018 to the state treasury, which amounted to 106 billion dinars, and expected to increase the volume of annual profits for the coming years as a result of the introduction of modern technology in banking and expansion of the opening of branches of the bank.

The director of the bank that the headquarters of the general administration, which was opened also includes the branch of the Liberation Bank and distinguished customer services to provide all banking services in the Rusafa side and external services to all ministries and departments of the State of various activities and will provide services to the institutions of the country in all joints of the public sector and also to enable them to carry out exchanges Trade between the countries of the world.

He said that these steps support the Bank's efforts towards further growth and expansion and the commitment to apply international standards of compliance according to the banking model adopted in the global banking sector and contribute to the economic development in Iraq in order to achieve growth and prosperity of the country.

yota691 · June 28, 2019

Opening of the new public administration building of the Iraqi Bank for Trade in Baghdad

Wednesday, June 26,

Baghdad - conscious

An adviser and representative of the Prime Minister Ihsan al-Hakim opened on Wednesday the new administration building of the Iraqi Bank for Trade in Baghdad

The opening ceremony was attended by the President of the Iraqi Trade Bank, the Chairman of the Board Faisal Al-Hims, a group of government officials and directors of government and private banks and representatives of international banks and Iraqi businessmen and investors in addition to guests of diplomatic bodies and companies operating in Iraq.

The building of the new public administration of the Iraqi Bank for Trade and Receiving Auditors and customers in the heart of the capital Baghdad on Al-Rashid Street, which is characterized by historical and cultural significance, to provide this step more financial and banking services to the Iraqi inside and to emphasize the proximity of Iraqi citizens and accelerate the pace of economic growth to contribute to the reconstruction of Iraq.

The new 5-storey public administration building is designed to meet the needs of both auditors and customers by providing the best of modern banking technologies, carefully selected to ensure the convenience of auditors and create a healthy and balanced work environment.

The new building has a large capacity for Iraqi citizens with a large staff of 670 employees and a 24-hour employee to provide services and link the network of branches inside and outside Iraq. The new building includes a distinct branch of the bank to provide the full range of banking services to all its customers and auditors Jamar Banking Services.

This step is a new investment for the Iraqi Bank of Iraq to join the list of assets of its investment portfolio and extension of the series of successes achieved in the expansion inside and outside Iraq with the opening of the first branch outside the bank in the Kingdom of Saudi Arabia to work on developing investment between the two countries and helps facilitate banking transactions for pilgrims and pilgrims, And the inauguration of the Bank's first representative office in Abu Dhabi, United Arab Emirates.

It is worth mentioning that the Iraqi Trade Bank succeeded in transferring 50% of the net profits of the Bank for the year 2018 to the State Treasury in the amount of JD (106,445,010,000), equivalent to US $ 90,055,000.00, in support of Iraq's beloved economy and strengthening the State Treasury.

"The new administration is an important step in enabling and providing more banking services in Iraqi markets, creating an attractive environment for domestic and foreign investment and enhancing confidence in the Iraqi market," said Walid Eidi, adviser and representative of the Central Bank of Iraq. Achieve these goals with the acquisition of 80% of the movement of Iraqi financial markets. "

"The new expansion comes as part of the government's three-year plan to achieve the economic development we are looking forward to by 2022 in order to achieve prosperity and improve the living conditions of the Iraqi people."

"The new building marks an important milestone for us to form the cornerstone of our business and to link the operations of the bank's branches in Iraq and the region," said Faisal Al-Hims, Chairman of the Iraqi Trade Bank. "We aim to provide the highest level of financial and banking services According to global standards, and contribute to accelerate the pace of economic growth in Iraq and the reconstruction process. "

6ly410 · June 28, 2019

38 minutes ago, yota691 said:

of the country in all joints of the public sector and also to enable them to carry out exchanges Trade between the countries of the world.

2 minutes ago, yota691 said:

"We aim to provide the highest level of financial and banking services According to global standards, and contribute to accelerate the pace of economic growth in Iraq and the reconstruction process. "

6ly410 · June 28, 2019

Trade Bank of Iraq (TBI) unveils new HQ

https://www.iraq-businessnews.com/2019/06/27/trade-bank-of-iraq-tbi-unveils-new-hq/?fbclid=IwAR15J4YQWtEyNr9ePR-V4gx5vOIWFFLL1KYlS1fLJMPLLp2FWIlnMdA1nkI

27th June 2019 i

By John Lee.

The Trade Bank of Iraq (TBI) has officially opened its new headquarters in Baghdad.

Located on Al Rasheed Street in the heart of Baghdad, the new headquarters is wholly owned by the bank and is designed to facilitate collaboration, bringing 670 Baghdad-based employees of TBI under one roof for the first time.

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

The TBI also recently opened its first operational branch outside Iraq, in Saudi Arabia.

(Source: TBI)

ChuckFinley · June 28, 2019

This is sounding better and better every day. Thanks 6ly410.

6ly410 · July 4, 2019

TRADE BANK OF IRAQ WINS PRESTIGIOUS AWARD AT THE ACHIEVEMENTS FORUM MILAN 2019

Wednesday 03 July 2019

image.png.90205f3f84f44c87e8cb33e58ff1e9bb.png

https://www.menaherald.com/en/money/banking/trade-bank-iraq-wins-prestigious-award-achievements-forum-milan-2019

Dubai - MENA Herald:

Trade Bank of Iraq (TBI) has been recognised for their outstanding performance and service taking home the prestigious award at the Achievements Forum 2019.

Hosted by the Achievements Forum, the event saw some of the leading business figures and institutions from across the world assemble at the Westin Palace Hotel in Milan.

The Achievements Awards serve to recognise reward and honour excellence across business and economy, science and education, healthcare, culture and art. The awards support system">support, promote and develop the best regional companies, institutions and personalities in different activity spheres.

The forum rewarded TBI’s continued commitment towards providing modern banking services in Iraq, presenting the ‘Achievements Award’ during the special ceremony held yesterday.

The bank has invested heavily in essential infrastructure and organisation across its nationwide network to provide the latest banking products, systems and services to customers. TBI has continued to expand its chain of branches and ATMs as well as improving its banking capabilities by extending opening hours and introducing night deposit facilities.

Faisal Al Haimus, Chairman & President of Trade Bank of Iraq, who received the award, said: “We are delighted to receive this esteemed award as it acknowledges the success we have achieved in the last few years.

“Setting new standards in Iraq’s banking sector through innovation and outstanding performance has always been one of the core strategic focus of our business and will continue to be the same for us going forward.”

A pillar for the national economy, TBI has continuously maximized the Government of Iraq’s equity share through expanding its business locally and internationally. Encouraging and securing foreign investment is one of TBI’s key goals as it promotes the country and its own services as a reliable option for investors.

Faisal added: “The awards are gratifying as it also helps to further cement our status as the go-to bank for companies and institutions looking to make smart investments in the future of Iraq.

“We will continue to innovate, improve and enhance our service quality to meet the growing demands, needs and expectations of our customers.”

This milestone comes at the back of the opening of TBI’s new corporate headquarters in Baghdad last month and the opening of its first international branch in Riyadh, Saudi Arabia in April this year. The bank also 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 July 4, 2019 by 6ly410

6ly410 · July 4, 2019

14 minutes ago, 6ly410 said:

TBI has continuously maximized the Government of Iraq’s equity share through expanding its business locally and internationally. Encouraging and securing foreign investment is one of TBI’s key goals as it promotes the country and its own services as a reliable option for investors

Edited July 4, 2019 by 6ly410

6ly410 · July 7, 2019

China & Gulf expansion to boost Trade Bank of Iraq’s revenues, says chairman

image.png.2a1a7dae0af8971a707312a4cc6983d9.png

July 7, 2019

State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international operations to 30 percent by 2022 from 25 percent now, its chairman said on Sunday.

The bank plans to open a representative office in China next year and is upgrading its license in Abu Dhabi to an asset management company from a representative office.

TBI’s revenues totaled $550 million in 2018 with trade finance contributing the lion’s share. Its retail and international operations business accounts for 25 percent of its revenues.

The bank, owned by the Iraqi government and with assets of around $30 billion, helps fund about 80 percent of the trade finance business in Iraq.

“With our expansion, in China, Abu Dhabi and Saudi Arabia, retail and international business will contribute 30 percent of our total revenues by end of next three years,” Faisal al-Haimus told Reuters.

Trade between Iraq and China is significant in both the public and private sector with Chinese oil companies active in Iraq and the private sector importing a lot from China, he said.

TBI entered Saudi Arabia this year, opening its first branch in Riyadh.

The branch which will become fully operational in September will focus on trade finance, he said.

TBI has abandoned acquisition talks with a Gulf bank as the latter decided it does not want to sell, al-Haimus said.

TBI was in talks to buy a Gulf bank with branches in the UAE and Qatar as part of a strategy to boost revenues outside its home market he told Reuters in October.

The Iraqi bank had also, earlier, put on hold plans to buy a commercial bank in Turkey because of the plunge in the Turkish lira

But TBI is still interested in acquiring a bank in Turkey, Iraq’s biggest trade partner.

“There are a couple of banks we are still looking at, it is very early stages,” he said, declining to name them.

TBI plays a big role in the rebuilding of Iraq and infrastructure development and this will help bolster its balance sheet that has grown to $30 billion in size, he said.

The lender is also planning to launch a fund in the fourth quarter of 2019 focusing on lending to Iraqi banks for international trade as approvals are expected by October.

6ly410 · July 7, 2019

China & Gulf expansion to boost Trade Bank of Iraq's revenues: chairman

http://www.reutersherald.com/2019/07/china-gulf-expansion-to-boost-trade.html

Admin Sunday, July 7, 2019

China & Gulf expansion to boost Trade Bank of Iraq's revenues: chairman

By Stanley Carvalho

ABU DHABI (Reuters) - State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international operations to 30% by 2022 from 25% now, its chairman said on Sunday.

The bank plans to open a representative office in China next year and is upgrading its license in Abu Dhabi to an asset management company from a representative office.

TBI's revenues totaled $550 million in 2018 with trade finance contributing the lion's share. Its retail and international operations business accounts for 25% of its revenues.

The bank, owned by the Iraqi government and with assets of around $30 billion, helps fund about 80 percent of the trade finance business in Iraq.

"With our expansion, in China, Abu Dhabi and Saudi Arabia, retail and international business will contribute 30% of our total revenues by end of next three years," Faisal al-Haimus told Reuters.

Trade between Iraq and China is significant in both the public and private sector with Chinese oil companies active in Iraq and the private sector importing a lot from China, he said.

TBI entered Saudi Arabia this year, opening its first branch in Riyadh. The branch which will become fully operational in September will focus on trade finance, he said.

TBI has abandoned acquisition talks with a Gulf bank as the latter decided it does not want to sell, Al-Haimus said.

TBI was in talks to buy a Gulf bank with branches in the UAE and Qatar as part of a strategy to boost revenues outside its home market he told Reuters in October

The Iraqi bank had also, earlier, put on hold plans to buy a commercial bank in Turkey because of the plunge in the Turkish lira

But TBI is still interested in acquiring a bank in Turkey, Iraq's biggest trade partner.

“There are a couple of banks we are still looking at, it is very early stages,” he said, declining to name them.

TBI plays a big role in the rebuilding of Iraq and infrastructure development and this will help bolster its balance sheet that has grown to $30 billion in size, he said.

The lender is also planning to launch a fund in the fourth quarter of 2019 focusing on lending to Iraqi banks for international trade as approvals are expected by October.

6ly410 · July 7, 2019

China and GCC expansion to boost Trade Bank of Iraq’s revenues

The bank is upgrading its licence in Abu Dhabi to an asset management company from a representative office

Finance https://gulfbusiness.com/china-gcc-expansion-boost-trade-bank-iraqs-revenues/

TRADE-BANK-OF-IRAQ-main-e1562495441658.j

State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international operations to 30 per cent by 2022 from 25 per cent now, its chairman said on Sunday.

The bank plans to open a representative office in China next year and is upgrading its licence in Abu Dhabi to an asset management company from a representative office.

TBI’s revenues totalled $550m in 2018 with trade finance contributing the lion’s share. Its retail and international operations business accounts for 25 per cent of its revenues.

The bank, owned by the Iraqi government and with assets of around $30bn, helps fund about 80 per cent of the trade finance business in Iraq.

“With our expansion, in China, Abu Dhabi and Saudi Arabia, retail and international business will contribute 30 per cent of our total revenues by end of next three years,” Faisal al-Haimus told Reuters.

Trade between Iraq and China is significant in both the public and private sector with Chinese oil companies active in Iraq and the private sector importing a lot from China, he said.

TBI entered Saudi Arabia this year, opening its first branch in Riyadh. The branch which will become fully operational in September will focus on trade finance, he said. TBI has abandoned acquisition talks with a Gulf bank as the latter decided it does not want to sell, Al-Haimus said.

TBI was in talks to buy a Gulf bank with branches in the UAE and Qatar as part of a strategy to boost revenues outside its home market he told Reuters in October

The Iraqi bank had also, earlier, put on hold plans to buy a commercial bank in Turkey because of the plunge in the Turkish lira.

But TBI is still interested in acquiring a bank in Turkey, Iraq’s biggest trade partner. “There are a couple of banks we are still looking at, it is very early stages,” he said, declining to name them.

TBI plays a big role in the rebuilding of Iraq and infrastructure development and this will help bolster its balance sheet, he said.

The lender is also planning to launch a fund in the fourth quarter of 2019 focusing on lending to Iraqi banks for international trade as approvals are expected by October.

6ly410 · July 7, 2019

6ly410 · July 7, 2019

navira · July 7, 2019

Big big big...thanks bro

6ly410 · July 7, 2019

6ly410 · July 7, 2019

14 minutes ago, 6ly410 said:

With our expansion, in China, Abu Dhabi and Saudi Arabia, retail and international business will contribute 30 percent of our total revenues by end of next three years,”

6ly410 · July 7, 2019

China & Gulf expansion to boost Trade Bank of Iraq's revenues: chairman

https://uk.reuters.com/article/us-iraq-trade-bank-expansion/china-gulf-expansion-to-boost-trade-bank-of-iraqs-revenues-chairman-idUKKCN1U20A8

ABU DHABI (Reuters) - State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international operations to 30% by 2022 from 25% now, its chairman said on Sunday.

The bank plans to open a representative office in China next year and is upgrading its license in Abu Dhabi to an asset management company from a representative office.

TBI’s revenues totaled $550 million in 2018 with trade finance contributing the lion’s share. Its retail and international operations business accounts for 25% of its revenues.

The bank, owned by the Iraqi government and with assets of around $30 billion, helps fund about 80 percent of the trade finance business in Iraq.

“With our expansion, in China, Abu Dhabi and Saudi Arabia, retail and international business will contribute 30% of our total revenues by end of next three years,” Faisal al-Haimus told Reuters.