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Bank profits of the "Iraqi Union" quarterly decline 55%

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rocky
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Bank profits of the "Iraqi Union" quarterly decline 55%

Post by rocky on Sun 27 May 2018, 3:36 pm

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2018/05/27 12:16


(Encyclopedia of this day , news | [You must be registered and logged in to see this link.] ) - Union BUOI -9.38% 0.29 -0.03


Mubasher: The profits of the Bank of the Iraqi Union (BUOI) in the first quarter of this year by 55%, on an annual basis.

The bank said in a statement to the Iraqi Stock Exchange on Sunday that its profits amounted to 451 million dinars (379.2 thousand dollars) in the first quarter of 2018, compared to profits of one billion dinars (840 thousand dollars) in the first quarter of 2017.

The bank's total revenue declined to 4.39 billion dinars in the first quarter of this year, compared to a total revenue of 5.72 billion dinars in the first quarter of last year.

Union Bank's profits in the third quarter of 2017 fell by 79.6% to 460 million dinars, compared to profits of 2.26 billion dinars in the third quarter of 2016, according to the latest financial statements of the bank on the market.



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