National Bank: Capital increase to 300 billion and the opening of 11 new branches

[6ly410]

National Bank: Capital increase to 300 billion and the opening of 11 new branches

Economic News Agency - National Bank: Capital increase to 300 billion and the opening of 11 new branches (economy-news.net)

National Bank of Iraq logo

Economy News Baghdad

 

The National Bank of Iraq announced that it will discuss at the next general assembly meeting the increase of its capital to 300 billion dinars and the opening of 11 branches during the current year.

The Chairman of the Board of Directors of the bank, Bassem Al-Salem, said in a statement reached by "Economy News", that the General Assembly will hold on April 16, a meeting at the station hall in Baghdad to discuss the report of the Board of Directors on the bank's activity for the past year, and the report of the auditor and final accounts.

He added that the meeting will discuss the dividend of profits for the past year, in addition to discussing the increase in the bank's capital from 270 billion dinars to 300 billion dinars.

He confirmed that it will also include the approval of financing the opening of 11 branches during 2023 from the rounded profits.

The bank achieved profits of 27.5 billion dinars during the year 2022.

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Added 2023/03/26 - 9:25 PM

[Officiallytook]

Sounds about right, I was thinking maybe the banks closing aren't "connected" like they may speak too much on things to come or happen or not happen with their banks... Since we know it's a battle over controll and all