The Iraqi Trade Bank achieves the highest profit rate since its inception

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The Iraqi Trade Bank achieves the highest profit rate since its inception

by Siteadmin Iraq news 2 Hours ago

Today, Wednesday, the Iraqi Trade Bank TBI announced its net profits for the year 2022 in the amount of (one trillion, two hundred and sixty-seven billion Iraqi dinars), equivalent to (eight hundred and sixty-seven million dollars), achieving the highest level of annual profitability since the date of its establishment.
This increase in the level of the bank’s profits comes in conjunction with the management of its funds in a deliberate manner and the recovery of the bank’s current management and its board of directors for the sums of lagging commercial loans previously granted, which constituted a high percentage of the net value of current profits, in addition to imposing additional guarantees on other loans pending repayment, which constitute a key factor in Maximizing the bank's profits in the future.

And within the practical framework pursued by the bank’s management and its board of directors in working to expand the circle of granting loans for commercial, industrial and investment development projects, which in turn contribute to maximizing the percentage of revenues achieved by the bank, in addition to the banking services provided to individuals and government and private institutions at the local and international levels that have contributed significantly to Achieving profitability and a significant growth in the main financial rates of the bank, and these factors together will contribute to developing and supporting the Iraqi economy in general and strengthening the government's developmental steps in particular.
The current management of the bank and its board of directors have been working according to its strategic vision and in support of the Iraqi government's policy in strengthening the private sector and employing human resources in various fields.

The current management of the bank and its board of directors supported community initiatives, most notably the donation to the Republic of Iraq pavilion at the Expo held in Dubai, United Arab Emirates, and its initiative to donate to develop and rehabilitate Tahrir Square in the heart of the capital, Baghdad, and donate one hundred million dinars to the Iraqi Manuscripts House to support A project to photograph his manuscripts with modern high-resolution devices to photograph and preserve the Iraqi world heritage.
It is noteworthy that the Trade Bank of Iraq (TBI) will soon announce the opening of additional branches of the bank inside Iraq, and it is continuing its expansion plan outside Iraq as well, as the bank's branch in Riyadh - Saudi Arabia will be officially opened in March of this year.