Achieved a significant increase in the strength of its financial position and financing of various e

Achieved a significant increase in the strength of its financial position and financing of various economic activities

Baghdad: public


Achieved the North Bank for finance and investment (premium grade) between private banks, and can be described according to economists-b (rank) grabbed his senior management efficiency, and plans, and current and future programmes, and also to manage the accumulated expertise, made her always tend to smooth cruise in all banking transactions. Perhaps the perfect result acquired the Bank achieved a significant increase in the strength of its financial position and also in the financing of various economic activities in the country. During the first half of the year 2013, the Bank achieved a high growth rate as compared with the same period of last year, most notably the Bank's total assets increased to more than 1, 837 trillion dinars to 1, 223, 709 trillion for the same period last year as increased cash credit to more than 528525 billion after 342313 billion, with profit up to 30 June 2013 more than 25, 900 billion dinars. In this context, Vice President of the Federation of businessmen with a beautiful name Antoine to North Bank of banks introduced new technology in its work. Organ bank has the advantage of efficiency and benevolent staff personnel selected for this record. Add the results to the other ranges that are very good.

In reply to a question about his assessment of the Mashreq Bank site north of investment funding between private banks with its marked increase in its credit and cash went together and profit indicators of steady growth, said Antoine: when we review the March's North Bank see Bank has made strides in terms of dealing with customers and branches opened by real estate investments for buildings purchased and the profits that are at the forefront of profits compared to local banks and this thing recorded, Antoine: The North Bank in Iraq market for securities, and especially the prices of its shares that are distinct from the rest of the banks did not engage in partnerships with foreign banks, a move calculated to him being adopted to self-sustainability. The name Antoine: the General Board meeting will be held at the beginning of each year, the Board of Directors report and which includes future plans to add to the Bank's ambitions and what are the challenges facing the Bank. Antoine finds: the private banks, particularly Bank of North another task after Iraq from Chapter VII is an opportunity open to the outside world and the opening credits directly without the mediation of foreign banks and this step need to be highly professional and trained staff on the appropriations.
On a related level left the banking expert Abdul Aziz Hassoun to the North Bank had increased the power of its financial position and its contribution to the financing of various economic activities, adding that attracted a high proportion in the masterpieces of the private sector.
The expert in contact with the Orient, said: this development in the Bank's financial situation confirms that the Bank's management has contributed effectively to the adherence to the standards of the banking business and was able to achieve such good results during 2012 we hope to continue the management of the Bank outstanding performance this year as well. In reply to the question of the Orient in his prediction as an expert is the North Bank has plans to meet challenges in keeping with the financial position of the Bank and its leadership in the area of provision of banking services both to individuals or institutions taking advantage of growth opportunities in all areas of activity of the Bank?
He replied that he did not doubt that the Bank could face a lot of challenges during the period that started with the work of existing challenges, he believed that the Bank is capable of facing it managed to strengthen financial entity and use modern working methods and career staff developed and expanded the number of its branches.

So counting economic Falah Hassan Alwan, North Bank of local banks that have proved successful and positive presence in local banks by lending activity and funding in addition to the annual reports issued by the Bank and is certainly evidence of the size of the financial activity and significant lending. Falah Alwan praised in connection with Mashreq the significant role played by the North Bank in financing in various economic activities and events and some local banks which have proved successful on the banking scene. The Economist wished Falah Alwan, the North Bank to engage in activity in achieving positive results both in lending activity or development projects especially if we realized that private banks need to experience a lot of plans in the development of its activities and pushed towards the advanced levels as measured by the private banks in the Gulf region and in neighbouring States.
The North Bank for finance and investment company had achieved in the first half of the year 2013 the growth rate compared with the same period last year was highlighted by the increase in total assets at the Bank over 1837 trillion dinars to 1223711 trillion for the same period last year as increased cash credit to more than 528525 billion after 342313 billion to profit until 30/6/2013 more than 25,900 billion has been marked During previous years, qualitative development in the banking arena has registered growth rates in most financial indicators reported by media to say it exceeded the growth rates of many Iraqi banks with excellence in their performance. At the time, experts in the sector attributed the development of North Bank activity and growth rates, particularly in relation to solvency, liquidity and asset quality as well as the net profit accruing to shareholders each year that results from the balanced strategy pursued by the Board of Directors of the Bank attached great importance to the management of solid with hedge risks and ensure financial sources and how to employ them. With the adoption of sophisticated regulatory regimes to pursue expansion at branches of the Bank in Baghdad and the governorates take into consideration local market needs, these experts said that the successes achieved by the North Bank often exceed expectations.

He was Chairman of the North Bank for finance and investment nozad David Fattah dry said: the Bank continues its efforts to expand its foundations in line with the need of the banking sector to accommodate stage and keeping abreast of new developments in the world which emphasizes the need to adhere to international standards for effective banking supervision, which serve to develop the Bank help bastmararali risk management along with dealing with the pressing variables,The management of the Bank is keen to develop integrated plans for oversight and planning method and development of mechanisms adopted by the Basel Committee reforms package 3 and governance standards-related instructions. Dry said during his remarks to journalists on the sidelines of the annual meeting of the Bank in April approved a capital increase of 210 to 265 billion through capitalization, the meeting examined, inter alia, proposals for the expansion of bank products to enhance opportunities for increasing the contribution of entrepreneurs and investors in the development and reconstruction in order to be at the forefront of private sector Bank in relation to the ability to meet the demands of the Iraqi economy towards greater sophistication.

Dry store with expertise in economic and financial activity helped him contact with priorities the promotion of the private sector revealed new targets contained in the Bank's strategy for the next phase with many challenges plans in line with the financial position of the Bank and its leadership in the area of provision of banking services both to individuals or institutions taking advantage of growth opportunities in all areas of activity of the Bank in the implementation of its programmes and operational funding and providing the best services and products to customers.
Dry the importance of efforts by the Bank in the development of small and medium-sized enterprises that provide opportunities to stimulate new ideas and initiatives to the citizens through the funding and financial programmes based on the belief in the principles of full understanding of the value of doing so and the level of productivity projects. He also said that the Bank is the spearhead in the concrete service the clients of the Bank and in particular small and medium-sized enterprises that are through employment insurance to large and important segments of citizens considering geographic expansion of the Bank to cover all governorates in addition to attractive areas for investment and trade has boosted the strategic vision that would indicate that the North Bank is a Development Bank targets with distinction and works effectively to mobilize resources for the development of comprehensive and integrated financial services innovation.

The Managing Director predicted for North Bank for finance and investment Munther demanded full caftan, expansion of activity of the Bank in the next phase from the careful expansion of products, pointing out that the Bank was among the ideas for the development of the contribution of the private sector Bank with businessmen and investors in the field of development and reconstruction and for the North Bank always good everyone thought to promote opportunities for the development of the Iraqi economy, pointed to the Bank's Caftans using modern techniques in daily performance, reflecting the importance of culture Banking technology and was assisted in this area by the best institutions for a modern technical system connects the head office and its branches, as well as with the correspondent banks, adding that modern technology has invaded all financial and banking institutions and business world, radically changed the way we work and the results highlighted the increased worker productivity and attract more customers, which helped to expand joint communication work to develop skills and secure the confidence and credibility that are considered competitive advantages for Banking activity.

Estimates caftan with experience of approaching 50 years in the field of banking to the performance indicators of the Bank during the first half of the year 2013 was an extension of the previous years in terms of excellence, and that the growth performance of the North Bank since its founding in 2004 was based on a balance with prudent policy pursued by the Bank in the field of risk management with efficient response to activity requirements in an operational environment all to see difficult due to abnormal conditions affecting the country now to make the Bank management Dealing with the challenges facing the sector in a spirit of responsibility where we find the constantly rising growth levels in most parts of the activity with a constant concern to comply with the safety standards of the financial stresses by the instructions of the Central Bank of Iraq.

At Ms. Nasrin sample allowing Mohammed to Commissioner Director North Bank for finance and investment to the Bank intends to continue its expansion by opening new branches, where it intends to open at least 5 branches over the next two years including 3 branches currently under construction in Hilla, Tikrit, Baquba, bringing the number of bank branches to 23 branches in all provinces.

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