Iraqi Trade Bank announces results of profits and revenues last year

[Laid Back]

B: Highly speculative.   ‘B’ ratings indicate that material default risk is present, but a limited margin of safety remains.  Financial commitments are currently being met; however, capacity for continued payment is vulnerable to deterioration in the business and economic environment. 

 

Go CBI

Go banking system 

Go stable outlook 

Go monetary reform

Go RV

Go $1:1

[yota691]

Fitch confirms the credit rating of the Iraqi Bank for Trade outlook stable

Fitch Ratings

 23 December 2018 02:45 PM

Family 
BCOI

 

0.00%0.480.00

Mubasher: Fitch rating agency confirmed the classification of the Iraqi Trade Bank at the level of B - with a stable outlook, as the first Iraqi bank to obtain an internationally recognized credit rating.

The agency said in a statement read by "Mubasher" on Sunday that this decision was the result of the continued efforts of the Bank of Iraq in the implementation of its comprehensive program of economic reform.

Fitch added that a number of key factors have led to a positive assessment of the Bank, notably improving the outlook for growth, the business environment and the security situation, as well as reducing the budget deficit and thus reducing the medium-term debt ratio in the GDP.

All the financial and banking operations handled by the Iraqi Bank for Trade have been evaluated according to internationally recognized Fitch standards, which represent the Bank's comprehensive financial health, with emphasis on financial reporting, portfolio management, profitability and diversification, liquidity, income and banking factors. Other.

The Chairman of the Board of Directors of the Iraqi Bank for Trade, Faisal Al-Hims, said that the risks to the classification is balanced at the moment, pointing to the importance of the role of security stability in the country in recent times in improving indicators of foreign investment and the recovery of the commercial market. 

He added that the strength of the balance sheet, the high level of profitability in the bank's business, liquidity and diversification strategy in the corporate and retail sectors have confirmed the growth rates and the resulting employment opportunities, the high creditworthiness of the Iraqi economy and the quality of services provided to Iraqi citizens.

According to the statement, the total value of assets of the Iraqi Trade Bank at the end of 2017 about 19.3 billion dollars, net profit was 362.43 million dollars. 

The Iraqi Trade Bank has a local branch network of 25 branches across Iraq, with 122 ATMs and cash deposits.

The Iraqi Trade Bank was established in 2003 and accounts for about 80% of Iraq's trade finance business.

The Bank ranks first among Arab banks in terms of cost-to-income ratio and ranked 332 on the Tier 1 capital.

[yota691]

An Iraqi bank has an internationally recognized credit rating as the first bank in the country

04:06 - 23/12/2018

 

 

 

Baghdad - 
The credit rating agency "Fitch" on Sunday, the classification of the Iraqi Trade Bank at the level of B - with a stable outlook, as the first Iraqi bank to obtain an internationally recognized credit rating. 
"This decision was the result of the continued efforts of the Iraqi bank to implement its comprehensive program of economic reform," the agency said in a statement received by Mawazine News. 
"A number of key factors have led to a positive assessment of the bank, notably improving the outlook for growth, the business environment and the security situation, as well as reducing the budget deficit and thereby reducing the medium-term debt ratio of GDP," Fitch added.
"All financial and banking operations handled by BTI have been evaluated in accordance with internationally recognized Fitch standards, which represent the overall financial health of the Bank, with emphasis on financial reporting, portfolio management, profitability and diversification, as well as liquidity, revenues and factors. Other banking ". 
For his part, Chairman of the Board of Directors of the Iraqi Bank for Trade, Faisal Al-Hims, "The risks to the classification is balanced at the moment," pointing to "the importance of the role of security stability in the country during recent times in improving indicators of foreign investment and the recovery of the commercial market."
"The strength of the balance sheet, the high level of profitability in the Bank's business, coupled with liquidity and diversification strategy in the corporate and retail sectors have confirmed the growth and employment opportunities resulting from it, the high creditworthiness of the Iraqi economy and the quality of services provided to the Iraqi citizen," he added. 
According to the statement, "the total value of the assets of the Iraqi Trade Bank at the end of 2017 about 19.3 billion dollars, and a net profit of 362.43 million dollars." 
The Iraqi Trade Bank has a local branch network of 25 branches across Iraq, with 122 ATMs and cash deposits. 
The Iraqi Trade Bank was established in 2003 and accounts for about 80% of Iraq's trade finance business. 
The bank ranks first among Arab banks in terms of cost-to-income ratio and ranked 332 globally on the Tier 1 capital.

[6ly410]

good one .. international..

Edited December 24, 2018 by 6ly410

[NoviceInvestor]

Let's 🍷🍷to all the banks following suit and gaining international recognition ..  And "soon".. 😊

[3n1]

 1st bank to get a internationally recognised credit rating hopefully internationally traded currency next in queue  

[ChuckFinley]

All good news, 2019 is shaping up to be a good one for us. 

[yota691]

Iraq is looking for investment opportunities and boosting trade with America

During the meeting hosted by the American Chamber of Commerce in the Iraqi capital Baghdad

 24 December 2018 11:42 p

Mubasher: The Iraqi Trade Bank recently participated in the meeting hosted by the American Chamber of Commerce at the Babylon Hotel in Baghdad, which focused on investing in infrastructure development across all government and private sectors. 

The meeting dealt with a series of pressing economic issues and included several direct solutions that contribute to preparing the Iraqi market and achieving growth and economic stability.

The head of the Iraqi Trade Bank, Faisal Al-Hims, said during the meeting that the bank seeks to attract more investments and to secure communication with international financial and banking networks and institutions.

"The Iraqi Trade Bank has succeeded in facilitating communication between the Iraqi government and private entities and linking them with international commercial and banking institutions around the world, and provided the guarantees and funding needs of these institutions to create more investments inside Iraq."

He pointed out that the Bank has also contributed to the provision of international funding for the development of infrastructure and commercial and industrial sector in Iraq through agreements and partnerships signed by the bank in recent years. 

For his part, the US ambassador in Iraq, stressed the importance of the current opportunities for business in the country and the crucial role it plays in improving Iraq's economy and creating new investment opportunities.

He stressed that the presence of more than fifty American companies and 100 business delegates who met with Iraqi businessmen and government and private institutions contributed to creating an atmosphere full of real enthusiasm to invest in business opportunities in Iraq.

The meeting discussed the prospects of supporting and developing various sectors of business, expanding cooperation and signing partnerships in the economic fields, which will accelerate the pace of economic and trade growth through raising the level of trade exchange between the two countries.

[yota691]

The Iraqi Trade Bank wins two awards from the International Finance Journal

The Bank of Iraq won two awards for the best retail bank and the best service provider bank in Iraq.

Iraq, January 21, 2019. The Bank of Iraq has been rated "Best Retail Bank" and "Best Retail Bank" at the International Finance Awards ceremony held recently in Dubai.

The Bank of Iraq's winning awards confirm its commitment to the implementation of international standards of compliance in line with the banking model adopted in the global banking sectors and as part of its continuous efforts to accelerate economic growth and upgrade modern banking services in Iraq.

The London-based International Finance magazine awarded the award to the Iraqi Bank for Trade during a special ceremony held at the Jumeirah Emirates Towers Hotel in Dubai, in the presence of a number of representatives of leading financial institutions and senior officials in the banking sector, in recognition of its unprecedented efforts. In this regard and the strong financial performance of the Iraqi Bank for Trade and its ongoing initiatives to improve its international capabilities.

"We are proud to have received these prestigious awards at an international level, in recognition of the Bank's outstanding achievements and its ability to meet customer requirements," said Faisal Al-Hims, Chairman of the Board of Directors of the Iraqi Trade Bank. Financial products and services to customers, individuals and premium banking. "

Al-Homs, who received the awards at the awards ceremony, said that the bank's recognition of the awards is not only a tribute to the bank's efforts to improve the level of banking services, but is a conclusive evidence of the quality of banking services and products offered by the Iraqi Trade Bank to its customers.

"We are committed to implementing the new global standards for retail and banking products through innovation and excellence in banking performance, which is part of our long-term growth strategy at the local and international levels, and we will strive to maintain this level and bring it to new heights of innovation. In the banking sector. "

It is worth mentioning that the Iraqi Trade Bank has achieved great achievements since its opening in 2003 and continues to play a key role and influence in the development process in Iraq. The Bank's success is directly related to the stability and prosperity of Iraq through the financing of infrastructure projects that positively affect Iraqi society.

The Bank has a network of banking branches in Iraq comprising 25 branches. The Bank plays a very important role in financing and securing projects as a leading and reliable institution among the international banking institutions. The Bank opened its first representative office outside Iraq in the UAE in 2017. The Bank has since established a working relationship and cooperation with leading international banks and financial institutions to finance infrastructure projects that contribute to the reconstruction of Iraq.

He concluded by saying that the achievement is proof of the ability of the Iraqi Bank for Permanent Trade to provide strong and solid performance. And that this victory reflects the excellent banking performance and encourages the team to do its best to develop banking services and upgrade them to exceed the expectations of customers.

The International Finance Awards are the most important awards in the financial and banking sector. The awards are awarded to institutions and companies that excel in these sectors and recognize the leadership skills that contribute to the development and improvement of performance in the areas of work according to the highest standards based on innovation and efficiency, At the government level, or to support corporate governance, charitable activities and other activities that directly affect society. The winning banks are selected through a number of specialists from international rating agencies and some of the world's leading banking and financial institutions after a comprehensive study based on growth, sustainability, contribution to society and innovation.

-is over-

# Almsrv_alaraca_lltjarh

[yota691]

latest news

• Received the tenth winner in the tenth draw for the second season
• The Iraqi Trade Bank wins two awards from the International Finance Journal
• Four of the winners of the 10th monthly draw for the second season were handed over
• The President of the Bank and all the members of the Bank extend warm congratulations and congratulations to the Prime Minister

Advertising

• Tender No. 1 for the year 2019 - Supply ATM machines
• Announcement of not receiving customers for the second day of January 2019
• Announcing the disruption of the official working hours of the branches (Nasiriyah, Najaf, Ramadi, Irbil, Sulaymaniyah)
• Suspension of branches for annual inventory purposes

 

[gregp]

13 minutes ago, yota691 said:

Tender No. 1 for the year 2019 - Supply ATM machines

 

Walkingstick claimed he had a contract to install new ATM machines in January.  

Just maybe....

[Synopsis]

6 hours ago, yota691 said:

Tender No. 1 for the year 2019 - Supply ATM machines

 

Well, OK, here are the squigglies.  Maybe BABY somebody(ies) can read and put into English. The date is six days ago and ATM does appear (in English).

 

 

تاريخ النشر : 2019/01/16

Here is the TBI link:

 

https://tbi.com.iq/?news=اعلان-مناقصة-رقم-1-لسنة-2019-–-تجهيز-مكائن-ص

 

The link is accessed, too, from the fuschia line in the box quoted from Yota.

 

YYYYYYYYEEEEEEEEEEEAAAAAAAAAAAHHHHHHHHHHHH BBBBBBBBBBAAAAAAAAAAAAAAAABBBBBBBBBBBBYYYYYYYYYYYYY!!!!!!!!!!!!!!!!!!

 

In The Mean Time..............................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

   

[yota691]

The Iraqi Trade Bank is awarded the best commercial bank in Iraq for 2019

 

Banks Economy News _ Baghdad The Iraqi Trade Bank (BII) announced Monday that it has won the "Best Commercial Bank of Iraq Award for 2019" at the Global Finance Awards in London for its continued contribution to the growth of the Iraqi economy, its strong financial performance last year and the strength of its balance sheet In addition to the improvement in capital and liquidity and the stability of its credit quality. The Bank of Iraq was honored for its distinguished position as a pioneer in the field of banking operations in Iraq, and the results of the choices came according to studies, analyzes and consultations by a group of leading executives, financial analysts and banking experts around the world. The Bank has also been commended by Global Finance for its commitment to providing superior banking services and a wide range of international coverage, as well as customer service, competitive pricing and innovative banking technologies.  Faisal Al-Hims, Chairman of the Board of Directors of the Iraqi Trade Bank, who received the award at the awards ceremony, said: "This prestigious award is another recognition of our major achievements in the development of the local economy and comes as a result of our efforts to provide the best financial services in Iraq. And the rest of the region, which we are proud to provide continuously. " He explained that the bank's winning this award reaffirms the high level of credibility of the bank at the international level, which has gained over the past few years as a result of entering into several strategic agreements with international financial institutions.  "The BTI supports the trade exchange between Iraq and the rest of the world, and we are therefore keen to strengthen our joint strategic partnership with our strategic partners to provide customized commercial financing solutions to customers," he added. "Our presence in the Middle East and new strategic relationships are an important step in attracting more investments to Iraq, which will continue to be a source of confidence in the Bank," he said. The bank's long-term strategy, with a focus on upgrading modern banking services and achieving the development and economic prosperity of Iraq. " Views 54   Date Added 28/01/2019

[yota691]

The Iraqi Trade Bank is awarded the Best Commercial Bank in Iraq for 2019

Release date: 2019/1/28 9:23 • 148 times read

{Baghdad: Al Furat News} Faisal Al-Hims, Chairman of the Board of Directors of the Iraqi Bank of Commerce received the award of Global Finance magazine during the ceremony of the World Awards.

The Commercial Bank of Iraq (BTI) has announced that it has been awarded the "Best Commercial Bank of Iraq for 2019" award at the Global Finance Awards in London for its continued contribution to the growth of the Iraqi economy, its strong financial performance over the past year and the strength of its balance sheet. Improvement in capital and liquidity and stability in credit quality. 
The Bank of Iraq was honored for its distinguished position as a pioneer in the field of banking operations in Iraq, and the results of the choices came according to studies, analyzes and consultations by a group of leading executives, financial analysts and banking experts around the world.
The Bank has also been commended by Global Finance for its commitment to providing superior banking services and a wide range of international coverage, as well as customer service, competitive pricing and innovative banking technologies. 
Faisal Al-Hims, Chairman of the Board of Directors of the Iraqi Trade Bank, who received the award at the awards ceremony, said: "This prestigious award is another recognition of our major achievements in the development of the local economy and comes as a result of our efforts to provide the best financial services in Iraq. And the rest of the region, which we are proud to provide continuously. " 
He explained that the bank's winning this award reaffirms the high level of credibility of the bank at the international level, which has gained over the past few years as a result of entering into several strategic agreements with international financial institutions. 
"The BTI supports the trade exchange between Iraq and the rest of the world, and we are therefore keen to strengthen our joint strategic partnership with our strategic partners to provide customized commercial financing solutions to customers," he added. 
"Our presence in the Middle East and new strategic relationships are an important step in attracting more investments to Iraq, which will continue to be a source of confidence in the Bank," he said. The bank's long-term strategy, with a focus on upgrading modern banking services and achieving Iraq's economic development and prosperity. "

[6ly410]

 

The Iraqi Trade Bank is awarded the best commercial bank in Iraq for 2019

 

Banks Economy News _ Baghdad The Iraqi Trade Bank (BII) announced Monday that it has won the "Best Commercial Bank of Iraq Award for 2019" at the Global Finance Awards in London for its continued contribution to the growth of the Iraqi economy, its strong financial performance last year and the strength of its balance sheet In addition to the improvement in capital and liquidity and the stability of its credit quality. The Bank of Iraq was honored for its distinguished position as a pioneer in the field of banking operations in Iraq, and the results of the choices came according to studies, analyzes and consultations by a group of leading executives, financial analysts and banking experts around the world. The Bank has also been commended by Global Finance for its commitment to providing superior banking services and a wide range of international coverage, as well as customer service, competitive pricing and innovative banking technologies.  Faisal Al-Hims, Chairman of the Board of Directors of the Iraqi Trade Bank, who received the award at the awards ceremony, said: "This prestigious award is another recognition of our major achievements in the development of the local economy and comes as a result of our efforts to provide the best financial services in Iraq. And the rest of the region, which we are proud to provide continuously. " He explained that the bank's winning this award reaffirms the high level of credibility of the bank at the international level, which has gained over the past few years as a result of entering into several strategic agreements with international financial institutions.  "The BTI supports the trade exchange between Iraq and the rest of the world, and we are therefore keen to strengthen our joint strategic partnership with our strategic partners to provide customized commercial financing solutions to customers," he added. "Our presence in the Middle East and new strategic relationships are an important step in attracting more investments to Iraq, which will continue to be a source of confidence in the Bank," he said. The bank's long-term strategy, with a focus on upgrading modern banking services and achieving the development and economic prosperity of Iraq. " Views 429   Date Added 01/28/2019

http://economy-news.net/content.php?id=15210

 

 

 

[GreedyDinar07]

How can they be sooo proud when their currency has no value. I don't understand these people. There is another article encouraging them to not rely on Iran for energy and they have their own oil and God knows what else is under the sand...Really!! There was a point where I sympathized with their incompetent Government but now none of these articles mean nothing until their currency has value.

[NextYear]

1 hour ago, GreedyDinar07 said:

How can they be sooo proud when their currency has no value. I don't understand these people. There is another article encouraging them to not rely on Iran for energy and they have their own oil and God knows what else is under the sand...Really!! There was a point where I sympathized with their incompetent Government but now none of these articles mean nothing until their currency has value.

 

Now I'm starting to believe they are reading these forums and are trolling now. The amount of times I've said stop giving them awards and accolades until they RV. :)

[6ly410]

1 hour ago, GreedyDinar07 said:

but now none of these articles mean nothing until their currency has value.

U got that right... that’s why I am excited.. imo 

[GreedyDinar07]

Don't give them anything. They have security that is enough. They are suppose to be close to forming the Government and then it will be some more B.S. I hate to be a Danny Downer but it never ends. Have you guys notice there was article after article about the lower denoms being released and now nothing. A handful full of people hold the wealth from the people and take their time to do the least of things. If Iraq gets left in the dark it is all their fault.

[yota691]

Iraqi bank wins two awards from a global organization

Editorial Date: 2019/3/4 11:13 • 174 times read

(Baghdad: Al Furat News) The Iraqi Trade Bank has been awarded the "Best Local Bank of Iraq 2018" and "Best Investment Bank in Iraq in 2018" award at the EMEA FINANCE FINANCE Awards 2011.

The two awards were presented at a ceremony held yesterday at the Shangri-La Hotel in Dubai, in recognition of its ongoing work to expand and develop banking services for its corporate and corporate clients in Iraq and for its continued and significant contribution to the growth of the Iraqi economy and its strong financial performance in 2018.
The event, which is hosted by Emaya Finance, the world's leading financial and banking news and analysis, has witnessed the presence of leading figures and institutions in the Middle East to highlight the major achievements of leading financial institutions in the region and to celebrate the outstanding products and services offered by commercial banks And investment. The Excellence Awards by Emaya Finance are awarded after careful examination of various financial and economic standards that are important in assessing the performance and productivity levels of financial institutions.
The Bank of Iraq's award for Best Local Bank of Iraq in 2018 celebrates its long-term achievements and its strategy of modernizing and developing the banking sector in Iraq, as well as investing heavily in the Bank's core infrastructure and systems within its extensive national network to provide the latest Customer banking products and services ". 
Several factors contributed to the achievement of the Bank of Iraq's prestigious awards including: "The Bank's strategy to expand its branch chain and ATMs, as well as to improve its banking capabilities by extending working hours, introducing special facilities for customers and special centers for overnight financial deposits. Innovative savings plans and deposits, the bank has access to a wider segment of customers and the development of new business opportunities across Iraq. "
The Best Investment Bank in Iraq 2018 was presented to the Iraqi Bank for Trade as one of the leading institutions in the banking and investment sector in Iraq with a market share of 80% of total commercial finance. 
The Bank has strengthened its role as a pillar of the Iraqi national economy by continuously increasing the Iraqi government's share of shares and providing the necessary liquidity through expanding its operations locally and internationally. 
Encouraging and securing foreign investment is one of the main objectives of the Iraqi Bank for Trade, through the presence of the bank in all international financial forums and providing its services as a reliable option for investors. 
Last year, the bank successfully signed a multi-million dollar agreement with GE and Standard Chartered Bank to finance the Iraqi government's plan to increase electricity production aimed at delivering electricity to homes and businesses across the country.
Faisal Al-Hims, Chairman of the Board of Directors of the Iraqi Trade Bank, who received the award at the awards ceremony, said: "We are proud to receive these two prestigious awards, given that they are internationally recognized as one of the most reliable sources of information and information in the region and the world. Banking and financial sectors ". 
"The award recognition is another recognition of our great achievements and the hard work of our employees and customer service staff to deliver the highest level of banking on a daily basis, and to enhance our position as a leading bank in the region making it an excellent choice for companies and institutions looking to invest in a smart way. In building the future of Iraq. "

[yota691]

The Iraqi Bank of Commerce wins the Best Local and Investment Bank awards from EMEA Finance International

Monday, March 04

 

Baghdad - conscious

The Iraqi Bank of Iraq won the awards of the best local bank in Iraq 2018 and the best investment bank in Iraq in 2018 during the EMEA FINANCE FINANCE Awards 2011 Middle East and North Africa Awards ceremony held in Dubai.

The two awards came in recognition of his continued work to expand and develop banking services for his corporate and individual clients in Iraq, his continued and significant contribution to the growth of the Iraqi economy and strong financial performance in 2018. 

The event, which is hosted by Emaya Finance, the world's leading financial and banking news and analysis, has been attended by leading figures and institutions in the Middle East to highlight the major achievements of leading financial institutions in the region and to celebrate the outstanding products and services offered by banks. Commercial and investment. 

It is worth mentioning that the Excellence Awards by Emaya Finance are awarded after careful examination of various financial and economic standards that are important in assessing the performance and productivity levels of financial institutions.

Several factors contributed to the achievement of the Bank of Iraq's prestigious awards, including the Bank's strategy to expand its branch chain and ATMs, as well as improving its banking capabilities by extending working hours, introducing special facilities for customers and special overnight financial deposits. , As well as innovative savings and deposit plans, the Bank is able to reach a wider clientele and develop new business opportunities across Iraq.

The statement pointed out that "the award of" Best Investment Bank in Iraq 2018 "was presented to the Iraqi Bank for Trade as one of the leading institutions in the banking and investment sector in Iraq with a market share of 80% of the total commercial finance business," noting

That the bank has strengthened its role as the cornerstone of the Iraqi national economy continue to work to increase the share of the Iraqi government of shares and provide the necessary liquidity by expanding its business locally and internationally.

The Bank stressed that encouraging and securing foreign investment is one of the main objectives of its work through the presence of the bank in all international financial forums and providing its services as a reliable option for investors. Last year, the bank successfully signed a multi-million dollar agreement with GE and Standard Chartered Bank to finance the Iraqi government's plan to increase electricity production aimed at delivering electricity to homes and businesses across the country.

Faisal Al-Hims, Chairman of the Board of Directors of the Iraqi Trade Bank, who received the award at the awards ceremony, said: "We are proud to have received these two prestigious awards, especially given that they are internationally recognized as one of the most reliable sources of news and information in the region and the world. And financial. "

"The award recognition is another recognition of our great achievements and the hard work of our employees and customer service staff to deliver the highest level of banking on a daily basis, and to enhance our position as a leading bank in the region making it an excellent choice for companies and institutions looking to invest in a smart way. In building the future of Iraq. "

[yota691]

 

The Iraqi Trade Bank wins two awards from EMEA as the best local and investment bank

 

Side of the celebration. "Internet"

Economy News Baghdad The Iraqi Bank of Iraq won the "Best Local Bank" and "Best Investment Bank in Iraq in 2018" award at the EMEA Finances International Banking Awards in the Middle East and North Africa 2019.  The Bank said in a statement read by "Economy News" The two awards were presented at a ceremony held yesterday at the Shangri-La Hotel in Dubai, in recognition of his ongoing work to expand and develop banking services for its corporate and corporate clients in Iraq and for his continued and significant contribution to the growth of the Iraqi economy and its strong financial performance in 2018. The event, hosted by Emaya Finance, the world's leading financial and banking news and analysis group, witnessed the presence of leading figures and institutions in the Middle East to highlight the major achievements of leading financial institutions in the region and to celebrate the outstanding products and services offered by commercial banks. And investment. The Excellence Awards by Emaya Finance are awarded after careful examination of various financial and economic standards that are important in assessing the performance and productivity levels of financial institutions. Views 42   Date Added 03/05/2019

[yota691]

Homs Roodao: Iraqi Trade Bank is preparing to launch the project "investment portfolio"

By the Shino Bandar Yesterday at 07:27

Chairman of the Board of Directors of the Iraqi Trade Bank Faisal Al-Hims

RIYADH, Iraq -

The head of the Iraqi Trade Bank, Faisal Al-Hims, said Tuesday that the Iraqi Trade Bank is preparing to take part in the Iraqi-German Business Forum, which opened on Monday in the German capital of Berlin in the presence of several government figures, businessmen and investors. To launch the project "investment portfolio" bonds Republic of Iraq.

"The Iraqi Trade Bank has received five awards for various services in 2018, one of which was honored by the Central Bank of Iraq as the best bank to provide localization services to state employees," said Homs, in a statement to a reporter for the Rudowo Media Network in Germany. (Global Financials) and (Emma Finals) was the result of the Bank to provide international trade services between Iraq and various countries of the world, in addition to the award of the best commercial bank and investment. 

He added, "We are scheduled to launch during this year the investment portfolio project, which is the dinars, which enhance investment opportunities with bonds of the Republic of Iraq and have a good return and was coordinated with one of the investment banks."

Noting that "this project will be more open to companies because the minimum investment volume will be 150 thousand dollars and the citizen wishing to invest to prove his ability to bear the entry of this investment." 

"The bank is committed to all local and international compliance regulations and requirements, and on the basis of which we make sure that our transactions are among the exceptions that Iraq has received," he said. 

Pointing out that "the bank is open to finance all projects that will be useful to the country, and has already funded cement factories, hospitals and others and we continue on this approach."

[6ly410]

Trade Bank of Iraq to open first Saudi branch
http://www.arabnews.com/node/1483636/saudi-arabia
17th April, 2019

The Trade Bank of Iraq (TBI) is entering the Saudi market with the opening of a branch in Riyadh on Thursday. It will be the bank’s first operational branch outside Iraq, and the TBI will be the only active Iraqi bank in the Kingdom, TBI Chairman and President Faisal Al-Haimus told Arab News on Tuesday.

On Thursday, a ribbon-cutting event will be held at the Riyadh branch in Al-Olayya district. Attendees on the Iraqi side will include Al-Haimus, the prime minister, the finance minister and the Central Bank’s governor. Saudi officials will also attend.

The TBI’s board of directors has also expressed plans to expand to Turkey. TBI was ranked No. 1 in the cost to income category in the Middle East by The Banker.

Edited April 17, 2019 by 6ly410

[jeepguy]

Couple of reasons for this ( CASH --- dinar is really really close to having some purchase power )