Trade Bank Of Iraq ("tbi")

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.