TBI granted an IQD (1) one Trillion loan to the State Company for Grain Trade for the payment of the farmers

News

Iraq-Baghdad

On 24/07/2019, by support of the Council of Ministers and the Prime Minister, Mr. Adel Abdul Mahdi and in accordance with his recent decisions concerning supporting national products, TBI granted an IQD (1) one Trillion loan to the State Company for Grain Trade for the payment of the farmers’ wheat and Al Shilb (rice hulls) dues.

This initiative shall urge and encourage the agricultural sector to be a main provider in the Iraqi market.

This step comes under the directives of Trade Bank of Iraq to support various state institutions so the bank would prove to one of the most important financial and economic pillars in Iraq thing that would support governmental and privet institutions activities.

This is one of series achievements of Trade Bank of Iraq this year, which included the opening of TBI first external branch at Kingdom of Saudi Arabia and the new Headquarter building at Al-Rasheed St.-Baghdad add to transferring 50% of the Bank net profits 2018 (IQD (106) one hundred and six billion) to the State Treasury.

And, last but not least, we shall keep serving our country under our motto (“We Change for the Better”)

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