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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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    For the first time...the assets of Iraqi banks record an unprecedented number

    Rocky
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    For the first time...the assets of Iraqi banks record an unprecedented number Empty For the first time...the assets of Iraqi banks record an unprecedented number

    Post by Rocky Thu 18 Jan 2024, 2:23 pm

    For the first time...the assets of Iraqi banks record an unprecedented number
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    Baghdad Today - Baghdad
    Today, Thursday (January 18, 2024), an economic expert revealed an “unprecedented” rise in assets in Iraqi banks operating in the country.
    Manar Al-Obaidi said in a statement received by “Baghdad Today” that “the volume of assets of Iraqi banks operating in Iraq amounted to more than 202 trillion dinars, which is the first time that it has exceeded the barrier of 200 trillion dinars.”
    He added, "The value of banks' assets increased by 8% compared to the same period of the previous year."
    Al-Obaidi pointed out that “the size of bank assets to the Iraqi GDP is around 52%, and despite this high percentage, it is still lagging behind compared to the Middle East region, where the size of bank assets to the GDP is around 80%.”
    He continued, "Government banks are still in control of the total assets of the banking sector, at a rate of about 85% of the total assets of banks, and despite the rise in the assets of the private banking sector, it still does not constitute more than 15% of the total assets of banks operating in Iraq."
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      Current date/time is Thu 18 Jul 2024, 11:14 am