by Rocky Sun 05 Jan 2020, 2:17 am
The Trade Bank of Iraq achieves 836 billion dinars in net profits for the year 2019
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The banking system in Iraq consists of 77 governmental and private banks, and the number of government banks is 7 banks and according to the reports of the World Bank to assess the financial and banking situation in Iraq. Point out the developmental aspects of the main government banks and define the basis for their work and policies and convert them into banks that operate in accordance with discreet banking contexts and policies, focusing on the need to introduce modern banking technologies and address the gap between them and foreign and Arab banks and banks sober.
Therefore, during the years 2016-2019, the Iraqi Bank for Trade made distinct steps towards development at all levels, and the exceptional efforts made by the bank here and confirm that the bank is moving in the right direction and achieving many achievements at the level of developing technical, banking and financial banking work and building international banking relations with banks. Global Correspondence and Risk Management and commitment to international compliance systems and standards and combating money laundering and terrorist financing in accordance with Law (39) for the year 2015 and FATF controls and provides new banking products that make it move from one stage to a new stage on i Coordination access to sedate global leadership can be identified by the most prominent by the bank's achievements during the period above is to achieve annual revenues for 2019 are estimated B836 billion dinars, the equivalent of 697 million US dollars and net profit of 673 billion dinars, equivalent to $ 561 million US during his past four years, completed the bank to prepare an organizational structure
And use the cross-goal management system to assess job performance and efficiency of banking performance and obtain a quality certificate (2015-ISO9001) for accreditation departments, letters of guarantee and remittances and sign an agreement with Standard Garter and General Electric Company for joint financing of electric power projects for the Ministry of Electricity and cooperation with the Central Bank of Iraq to discount the issued bonds For contractors by the Ministry of Finance in support of the national economy and the launch of new banking products for the purpose of attracting customer savings as products (deserving of my car ... etc.) with the aim of providing services in accordance with modern technologies used in the bank and opening branches and m A new writer inside Iraq and in regional countries, moving to his new building and obtaining several awards and certificates of appreciation from Arab and international financial organizations and institutions.
Where he notes from the above achievements, which are part of many accomplishments made by the bank under his leadership, cadres and affiliates, indicating that the bank is moving towards developments in the areas of administrative, structural, banking and development and has ambitious plans for 2020 to reach banking sobriety, leadership and globalization, which is a great goal that we seek as experts, specialists and citizens in a way that enhances the role of the sector Iraqi banker in sustainable development.
* Financial and banking consultant
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