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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

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weslin3
Rocky
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    An international agency that gives an Iraqi bank an internationally recognized credit rating

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    An international agency that gives an Iraqi bank an internationally recognized credit rating Empty An international agency that gives an Iraqi bank an internationally recognized credit rating

    Post by Rocky Wed 19 Dec 2018, 6:52 am

    An international agency that gives an Iraqi bank an internationally recognized credit rating

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    Date Added 19/12/2018
    The Bank of Iraq (BIC) has granted the BTI a stable outlook, while the bank affirmed that its balance sheet strength, high profitability, liquidity and diversification strategy are behind the rating.
    The agency said in a statement, received "The Economist News" a copy of it, "The Iraqi Bank was granted to trade B-degree with a stable outlook, reflecting the decision to praise the institution continued efforts of the Bank of Iraq in the implementation of its comprehensive program of economic reform."
    For his part, said the Chairman of the Board of the Iraqi Bank for Trade Faisal Al-Hims in a statement received "economy News" a copy of it, "The classification is the first of its kind for Iraqi banks and in line with the principles of sovereignty in Iraq," stressing the importance of "the role of security stability in the country The recent improvement in foreign investment indicators and the recovery of the commercial market. "
    "The strength of the balance sheet and the high level of profitability in the business of the Iraqi Bank for Trade in addition to liquidity and diversification strategy in the corporate sector and retail on the growth rates and employment opportunities resulting from it, and the high creditworthiness of the Iraqi economy and the quality of services provided to the Iraqi citizen, in addition to our success in providing Innovative banking products and services that have played an important role in this category. "
    The Bank of Iraq's classification of credit rating B - to be the first Iraqi bank to obtain a credit rating official by a rating agency global, the main factors that lead to a positive assessment is to improve the growth prospects and the business environment and security situation, Budget, thereby reducing the debt-to-GDP ratio over the medium term.
    All of the Bank's financial and banking operations have been evaluated according to internationally recognized Fitch standards, which represent the Bank's overall financial health with a focus on financial reporting, portfolio management, profitability and diversification, as well as liquidity, income and other banking factors.
    It is worth noting that the Iraqi Trade Bank has achieved great achievements since its opening in 2003, and continues to play a key role and influence in the development process of Iraq. The success of the Bank's efforts is directly related to the stability and prosperity of Iraq and will have a long-term positive impact on Iraqi society.
    The Iraqi Bank for Trade has a network of banking branches in Iraq which plays a very important role in identifying sources of financing and securing projects. As a leading and trusted institution among international banking institutions, the Bank has opened a representative office in the UAE in 2017. Since then, the Bank has established joint working and cooperation relationships with leading international banks and financial institutions to finance infrastructure projects inside Iraq, Reconstruction of Iraq.

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    An international agency that gives an Iraqi bank an internationally recognized credit rating Empty The first Iraqi bank to receive an internationally recognized credit rating

    Post by Rocky Wed 19 Dec 2018, 6:55 am

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    The first Iraqi bank to receive an internationally recognized credit rating

    [/rtl]
    [rtl]Date of release: 2018/12/19 14:37 • 131 times read[/rtl]
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    [rtl]
    The credit rating agency Fitch Ratings has rated B-B with a stable outlook. The decision reflects the institution's continuing efforts to implement its comprehensive economic reform program.
    The Bank of Iraq's classification of credit rating B - to be the first Iraqi bank to obtain a credit rating official by a rating agency global, the main factors that lead to a positive assessment is to improve the growth prospects and the business environment and security situation, Budget, thereby reducing the debt-to-GDP ratio over the medium term. 
    All of the Bank's financial and banking operations have been evaluated according to internationally recognized Fitch standards, which represent the Bank's overall financial health with a focus on financial reporting, portfolio management, profitability and diversification, as well as liquidity, income and other banking factors.
    Faisal Al-Hims, Chairman of the Board of Directors of the Iraqi Bank for Trade, said that the risks to the classification are balanced at the present time, pointing to the importance of the role of security stability in the country during recent times in improving indicators of foreign investment and the recovery of the commercial market. He expressed his happiness with the result of the credit rating, describing it as a major achievement as the first of its kind for the Iraqi banks, and that it is in line with the principles of sovereignty in Iraq.
    Commenting on the Fitch Ratings decision, Mr. Faisal Al-Hims said: "The strength of the balance sheet, the high level of profitability in the BTI's business, coupled with liquidity, diversification strategy in the corporate and retail sectors, confirm the growth and employment opportunities resulting from it. The creditworthiness of the Iraqi economy and the quality of services provided to the Iraqi citizen, as well as our success in providing innovative banking products and services, which demonstrates our relentless efforts in implementing our strategic initiatives. " 
    "We have achieved many achievements that have won numerous awards and accolades in recent years, and we continue to relentlessly pursue our vision with greater enthusiasm and determination."
    It is worth noting that the Iraqi Trade Bank has achieved great achievements since its opening in 2003, and continues to play a key role and influence in the development process of Iraq. The success of the Bank's efforts is directly related to the stability and prosperity of Iraq and will have a long-term positive impact on Iraqi society. 
    The Iraqi Bank for Trade has a network of banking branches in Iraq which plays a very important role in identifying sources of financing and securing projects. As a leading and trusted institution among international banking institutions, the Bank has opened a representative office in the UAE in 2017. Since then, the Bank has established joint working and cooperation relationships with leading international banks and financial institutions to finance infrastructure projects inside Iraq, Reconstruction of Iraq.
    It is worth noting that BTI is a leading financial institution in Iraq and has financial transactions with a network of 417 international banks in 61 countries around the world. 
    At the end of 2017, the total assets of the Iraqi Trade Bank amounted to US $ 19.300 billion, with a net profit of US $ 362.432 million. The Iraqi Trade Bank has a local branch network of 25 branches across Iraq with 122 ATMs and cash deposit. And is considered one of the most important banks in the Middle East because of its international reputation, which enabled him to win many awards, and this success is attributed to the confidence of customers and citizens of the bank, which had a prominent role in maintaining the leading position.



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    An international agency that gives an Iraqi bank an internationally recognized credit rating Empty Fitch grants the Iraqi Trade Bank an internationally recognized credit rating 1 FacebookTwitterGoog

    Post by Rocky Wed 19 Dec 2018, 6:56 am

    Fitch grants the Iraqi Trade Bank an internationally recognized credit rating

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    [size=16]The Fitch Ratings Agency announced on Wednesday that [url=https://www.thebaghdadpost.com/ar/Story/t/67729/%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A %D9%84%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9][size=13]the Iraqi Trade Bank (BTI) was[/url] granted a B-degree with a stable outlook.[/size]
    While the Bank stressed that the strength of the balance sheet and the high level of profitability in its business, along with liquidity and diversification strategy behind the classification.
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    An international agency that gives an Iraqi bank an internationally recognized credit rating Empty An international agency that gives an Iraqi bank an internationally recognized credit rating

    Post by Rocky Wed 19 Dec 2018, 7:02 am

    An international agency that gives an Iraqi bank an internationally recognized credit rating

    Wednesday, December 19,

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    The credit rating agency Fitch announced on Wednesday that the Bank of Iraq (BBI) was granted a stable outlook, while the bank affirmed that the strength of the balance sheet and the high level of profitability in its business, liquidity and diversification strategy behind the classification. 

    In a statement, Alsumaria News received a copy of it that "the Iraqi Bank of Commerce was granted a B-degree with a stable outlook, reflecting the decision to commend the institution's continued efforts of the Bank of Iraq to implement its comprehensive program of economic reform."


    For his part, said the Chairman of the Board of the Iraqi Bank for Trade Faisal Al-Hims in a statement received Alsumaria News a copy of it, "classification is the first of its kind for Iraqi banks and being in line with the principles of sovereignty in Iraq ," stressing the importance of "the role of security stability in the country during the recent In improving foreign investment indicators and recovering the commercial market. " 

    "The strength of the balance sheet and the high level of profitability in the business of the Iraqi Bank for Trade in addition to liquidity and diversification strategy in the corporate sector and retail on the growth rates and employment opportunities resulting from it, and the high creditworthiness of the Iraqi economy and the quality of services provided to the Iraqi citizen, in addition to our success in providing Innovative banking products and services that have played an important role in this category. "

    The Bank of Iraq's classification of credit rating B - to be the first Iraqi bank to obtain a credit rating official by a rating agency global, the main factors that lead to a positive assessment is to improve the growth prospects and the business environment and security situation, Budget, thereby reducing the debt-to-GDP ratio over the medium term. 

    All of the Bank's financial and banking operations have been evaluated according to internationally recognized Fitch standards, which represent the Bank's overall financial health with a focus on financial reporting, portfolio management, profitability and diversification, as well as liquidity, income and other banking factors.

    It is worth noting that the Iraqi Trade Bank has achieved great achievements since its opening in 2003, and continues to play a key role and influence in the development process of Iraq. The success of the Bank's efforts is directly related to the stability and prosperity of Iraq and will have a long-term positive impact on Iraqi society. 

    The Iraqi Bank for Trade has a network of banking branches in Iraq which plays a very important role in identifying sources of financing and securing projects. As a leading and trusted institution among international banking institutions, the Bank has opened a representative office in the UAE in 2017. Since then, the Bank has established joint working and cooperation relationships with leading international banks and financial institutions to finance infrastructure projects inside Iraq, Reconstruction of Iraq.

    It is worth noting that BTI is a leading financial institution in Iraq and has financial transactions with a network of 417 international banks in 61 countries around the world. 

    At the end of 2017, the total assets of the Iraqi Trade Bank amounted to US $ 19.300 billion, with a net profit of US $ 362.432 million. The Iraqi Trade Bank has a local branch network of 25 branches across Iraq with 122 ATMs and cash deposit. He is considered one of the most important banks in the Middle East for his international reputation, which enabled him to win many awards. This success is attributed to the confidence of customers and citizens in the Bank, which has played a prominent role in maintaining the leading position.




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    Post by weslin3 Wed 19 Dec 2018, 8:50 am

    This is a good rating.


    The Iraqi Bank was granted to trade B-degree with a stable outlook,
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    Post by Lobo Wed 19 Dec 2018, 11:38 am

    Thanks Rocky - this is excellent news - 

    Fitch grants the Iraqi Trade Bank an internationally recognized credit rating - HUGE - INTERNATIONALLY RECOGNIZED CREDIT RATING - GETTING THERE PEOPLE
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    Post by weslin3 Wed 19 Dec 2018, 1:27 pm

    Have they ever used that term International for their credit rating before? If so I don't remember it.
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    Post by Lobo Wed 19 Dec 2018, 2:00 pm

    Weslin, I don't ever recall them using the word international before when it came to credit ratings.
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    Post by fonz1951 Wed 19 Dec 2018, 6:40 pm

    It only makes sense to me that it would be international because their currency went international almost 2 weeks ago. We are on the home stretch folks ????????????
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    Post by Lobo Wed 19 Dec 2018, 6:52 pm

    Fonz, thanks for the reminder -  flower flower flower

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