Increasing TBI capital from (1,750 Trillion IQD) in 2016 to (2,750 Trillion IQD) in 2017

Increasing TBI capital from (1,750 Trillion IQD) in 2016 to (2,750 Trillion IQD) in 2017

News

Baghdad- Iraq

On Thursday (30/03/2017) at a press conference, the Trade Bank of Iraq has declared its financial statements, which was audited by KPMG company for the financial year: (31/12/2016), where Mr. Faisal Al-Haimus, Acting General Manager & CEO of TBI, showed the most important accomplishment and financial results.

Mr. Faisal expressed his happiness and gratitude toward TBI members of board of Directors regarding their continues support and all the Bank employees for their hard working to enable the bank achieve the strongest financial performance in its history thus, the Trade Bank of Iraq incomes reached (700 Billion IQD) increasing by (6%) over its incomes of 2015 and (536 billion IQD) of net profit i.e. increased by (265%) compared with the year of (31/12/2015).

Also, the General Manager has cited the following achievements:

1. Settling the visions, missions and values of the Bank along with concentrating on allocation of depressed debt repayments, which were about 197 million USD and 21 billion IQD on cash.
2. The restructuring of 34
3. We signed the first syndicated loans agreement in Iraq.
4. The sale cards were increased by (400%) for the purpose of settling salaries where they are paid electronically to (172) employees at (22) institutes in Iraq.
5. Qualifying TBI and its employees to gain (ISO 9001/2015) certificate.
6. Updating the electronic system through which we would manage to launch Banking services.

Also, the Trade Bank of Iraq and its employees has arranged the first campaign to support our people in Mosul under the title: “Lil Mosul Tanena”

(We managed to reach Mosul) which included distributing humanitarian aids over (1300) families because  TBI believes that it necessary to support the military efforts of our brave soldiers  and Al-Hashd Al-Sha’abi (the Popular Mobilization  Forces) by social support to put back the smile of our people being freed out of ISIS cruel control.