Baghdad
BAGHDAD, May 12, 2011 - FINANCIAL HIGHLIGHTS:
The highlights for 2010 include:
- Profit for the year up 18% to $361m (2009: $305m)
- Total operating income up 18% to $400m (2009: $338m)
- Fees and commission income up 68% to $111m (2009: $66m)
- Net interest income up 2% to $153m (2009: $150m)
- Total assets increased 16% to $15 billion (2009: $13 billion)
- Shareholders' equity increased 31% to $1.5 billion (2009: $1.2 billion)
- Customer deposits increased 15% to $13 billion (2009: $11 billion)
- Tier 1 Capital ratio increased 11% to 24.17% (2009: 17.96%)
- Return on Assets increased 2% to 2.41% (2209: 2.35%)
- Return on Equity is now 23.85%
Commenting on the results, Mr.
BAGHDAD, May 12, 2011 - In the news release, "Trade Bank of Iraq ("TBI"): Final Results for the Year
to 31 December, 2010" issued on 12 May 2011 13:19 GMT, by TRADE BANK OF
IRAQ ("TBI") over PR Newswire, we are advised by a representative of the
company that the wrong contact details were issued inadvertently.
BAGHDAD, April 15, 2010 - FastIraq, one of Iraq's leading providers of Internet and fiber optic
connectivity, has received a senior debt facility from Dar Es Salaam
Investment Bank ("DES"), a subsidiary of HSBC.
BAGHDAD, March 27, 2010 - Statement by Maysoon Al Damluji, spokesperson for the Iraqiya List:
"According to the constitution we will be asked to form a government, and
al-Iraqiah has unanimously decided to put forward Ayad Allawi as candidate
for Prime Minister."
Statement by Ayad Allawi, candidate for Prime Minister:
"We thank the people of Iraq for the confidence they have shown in us and
our vision for Iraq, led by an inclusive, effective and non-sectarian
government.
BAGHDAD, March 7, 2010 - "The Iraqi people have spoken, and it is vital for our country's future
that the integrity of the democratic process is respected.
