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TBI issued certificates of deposit transactions to expand in 2014
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12/21/2013 10:09
The board of directors of Trade Bank of Iraq TBI that next year will see the application of the certificates of deposit, after he had finished the completion of the project, noting that the bank aims to expand its dealings step in supporting the projects public and private sectors.
The Chairperson of the Council Hamdiya dry that "the Trade Bank of Iraq discussed over the past period, the project certificates of deposit and ended all of its paragraphs and is ready for application after receiving a signal from the Central Bank of Iraq."
She said dry that "the project includes the issuance of certificates of deposit by the bank and sold to citizens at prices and interest rates limited to a period of time and which will contribute to the provision of financial liquidity in the bank to expand its dealings in support of special projects in the public and private sectors in addition to reducing the size of the inflation in the market."
They pointed out that the dry, "the project will be applied to next year."
And established TBI owned entirely by the state, in July 2003 to facilitate Iraq's trade and international reconstruction of the country after the end of the work program of the UN oil-for-food, which began with a capital of a modest amount of 96.1 million dollars in 2003, has increased the bank's capital to reach 427.35 million dollars in 2008, as increased capital and reserves of the bank up to 1.5 billion dollars at the end of 2010.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
12/21/2013 10:09
The board of directors of Trade Bank of Iraq TBI that next year will see the application of the certificates of deposit, after he had finished the completion of the project, noting that the bank aims to expand its dealings step in supporting the projects public and private sectors.
The Chairperson of the Council Hamdiya dry that "the Trade Bank of Iraq discussed over the past period, the project certificates of deposit and ended all of its paragraphs and is ready for application after receiving a signal from the Central Bank of Iraq."
She said dry that "the project includes the issuance of certificates of deposit by the bank and sold to citizens at prices and interest rates limited to a period of time and which will contribute to the provision of financial liquidity in the bank to expand its dealings in support of special projects in the public and private sectors in addition to reducing the size of the inflation in the market."
They pointed out that the dry, "the project will be applied to next year."
And established TBI owned entirely by the state, in July 2003 to facilitate Iraq's trade and international reconstruction of the country after the end of the work program of the UN oil-for-food, which began with a capital of a modest amount of 96.1 million dollars in 2003, has increased the bank's capital to reach 427.35 million dollars in 2008, as increased capital and reserves of the bank up to 1.5 billion dollars at the end of 2010.
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