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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    For the first time.. The National Bank of Iraq makes an investment turning point worth 25 billion di

    Rocky
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    Bank - For the first time.. The National Bank of Iraq makes an investment turning point worth 25 billion di Empty For the first time.. The National Bank of Iraq makes an investment turning point worth 25 billion di

    Post by Rocky Sun 31 Mar 2024, 5:00 am

    For the first time.. The National Bank of Iraq makes an investment turning point worth 25 billion dinars

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    Economy News - Baghdad
    The National Bank of Iraq announced the first purchase of “construction bonds” issued by the Ministry of Finance, worth 25 billion dinars, in coordination with the Iraq Stock Exchange, in an unprecedented step towards enhancing its investments, stressing that this process is an “important turning point” in the financial and investment sector. The Iraqi. 
    The bank stated in a statement received by Al-Eqtisad News that this step confirms its commitment to effectively contribute to achieving economic growth and supporting the Iraqi infrastructure, indicating that the process is an important turning point in the Iraqi financial and investment sector, which provides investors and customers with an opportunity to benefit from the multiple benefits of bonds. Including financial returns and enhancing investment culture.
    For his part, the authorized director of the National Bank of Iraq, Ayman Abu Dhaim, pointed out that “this type of investment encourages the expansion of the local investment base, especially since the bonds issued with the guarantee of the Ministry of Finance are available to citizens and investors for purchase, and provide a promising investment opportunity with an annual interest of up to 8%.” For bonds offered for a period of four years. 
    Abu Dhaim expressed his "thanks to the Iraqi Stock Exchange and the Securities Commission for facilitating the purchase process," explaining that "this cooperation reflects mutual trust and the desire to advance economic growth in Iraq." 
    It is noteworthy that the National Bank of Iraq, which is headquartered in the Iraqi capital, Baghdad, was established in 1995 as a public joint stock company, and in 2005, Capital Bank / Jordan acquired the majority shares in the bank (61.85%), which enabled it to develop its products and services, and strengthen its foothold globally. And enhancing financial inclusion nationwide.
    The National Bank of Iraq, with a capital of 300 billion Iraqi dinars, or the equivalent of 229 million US dollars, topped the list of banks operating in the Iraqi market at various levels. It is considered the best private bank in Iraq in terms of growth (assets, facilities and deposits), and has won multiple international and local awards for its role in supporting and encouraging investment in Iraq, and as the fastest growing in the field of retail trade and localization of salaries for the public and private sectors, and it is the best commercial bank in Iraq. It won the Iraqi Stock Exchange Award for its role in supporting and encouraging investment in Iraq 2021. It was also rated by the largest international financial institutions Capital Intelligence (BB) and by Moody's (B3) and rated by the Central Bank of Iraq (very good).
    It should be noted that the bank’s total assets approached $2.8 billion, supported by a growth in customer deposits of about 91%, while the bank has a growing customer base that today has reached about 200,000 customers who are served through more than 1,000 employees, 30 branches, and 200 ATMs in all major Iraqi cities. In addition to a branch in the Kingdom of Saudi Arabia.


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