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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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    The National Bank Of Iraq Signs An Unfunded Facility Agreement With The Arab Trade Finance Program

    Rocky
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    The National Bank Of Iraq Signs An Unfunded Facility Agreement With The Arab Trade Finance Program Empty The National Bank Of Iraq Signs An Unfunded Facility Agreement With The Arab Trade Finance Program

    Post by Rocky Tue 05 Jul 2022, 5:12 am

    The National Bank Of Iraq Signs An Unfunded Facility Agreement With The Arab Trade Finance Program
    07/04/2022
    56

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    Earth News/ The National Bank of Iraq and the Arab Trade Finance Program recently signed an unfunded facility agreement, as part of its efforts to enhance exports and imports of the industrial and service sectors in the Iraqi market
    . Al-Hamidi, CEO, Chairman of the Board of Directors of the Arab Trade Finance Program, and Board Member/CEO of the National Bank of Iraq Ayman Abu Dhaim. Under the agreement, the Arab Trade Finance Program granted the National Bank of Iraq a credit line to be used in financing Arab trade, and to ensure qualified business deals.
    He added, "The Arab Trade Financing Program provides funded and unfunded credit facilities through the conclusion of risk-sharing partnership agreements with international financial institutions, in order to participate in the risks of the national agencies' payment of their obligations, and also through the direct issuance of guarantees or irrevocable payment pledges to ensure payment of their obligations. national agencies for their obligations arising from entering into business operations subject to the principles and uniform international norms.
    The CEO of the National Bank of Iraq, Ayman Abu Dhaim, expressed his "pride in this cooperation with the Arab Trade Finance Program, which will support the plans of the National Bank of Iraq in providing the best services to its clients from companies in their various commercial and industrial sectors, by supporting the financing of exports and imports of these sectors and in a manner that contributes to the development of trade." in Iraq".
    Abu Dhaim pointed out to “the achievements made by the bank in the Iraqi market, where it was able to contribute effectively to the Iraqi economy system and consolidate its distinguished position in the core of the banking sector, which is the locomotive of development and the main pillar of various vital sectors, through its provision of banking products and services with high added value. For its individual and corporate clients, and its investment in its infrastructure, it has witnessed, over these years, a remarkable increase in the number of its branches, which today amounted to 19 branches and 112 ATMs spread in various Iraqi governorates.
    It should be noted that the Arab Trade Finance Program is a joint Arab financial institution that was established in 1989 in the city of Abu Dhabi - United Arab Emirates. The program aims to develop Arab trade and enhance the productive and competitive capacity of the Arab exporter.
    The program works to provide a package of services to the Arab trader that will contribute to enhancing his productivity and competitiveness. At the forefront of these services is the provision of the necessary financing for Arab trade activities through its approved national agencies at a competitive cost and easy terms. The program’s services include various tools and mechanisms that include financing through credit lines. Financing according to Islamic Sharia, risk sharing with various financial institutions, document discounting service, guarantee services, in addition to a number of other unfunded credit facilities.
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