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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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    The National Bank of Iraq receives a strong credit rating from Capital Intelligence

    Rocky
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    Iraq - The National Bank of Iraq receives a strong credit rating from Capital Intelligence Empty The National Bank of Iraq receives a strong credit rating from Capital Intelligence

    Post by Rocky Wed 15 May 2024, 5:10 am

    The National Bank of Iraq receives a strong credit rating from Capital Intelligence

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    Economy News - Baghdad
    [rtl]The global credit rating agency, Capital Intelligence, has affirmed its credit rating for the National Bank of Iraq for long-term and short-term foreign currencies (FCRs), maintaining the bank’s basic financial strength rating at (bb) with a stable outlook.[/rtl]
     
    [rtl]The bank said in a statement received by Al-Iqtisad News, "This positive rating reflects the strength and solidity of the financial position of the National Bank of Iraq, and enhances the culture of trust among current and new customers and investors. The rating also contributes to supporting the bank's efforts to achieve its development goals in serving the Iraqi national economy." [/rtl]
     
    [rtl]According to the statement, the Capital Intelligence Agency based its granting of this rating to the National Bank of Iraq on several factors, the most important of which are: good banking management, a high ratio of capital to assets, including the core capital ratio (CET1), effective flexibility in capital management, and good liquidity supported. With a growing deposit customer base, especially from retail banking, along with good operating profitability driven by improved revenue quality and stability, in addition to high quality of loan assets.[/rtl]
     
    [rtl]Commenting on this achievement, the authorized director of the National Bank of Iraq, Ayman Abu Dhaim, confirmed that “the positive credit ratings obtained by the National Bank of Iraq reflect its efforts to enhance the soundness and strength of its financial position, including increasing its capital and improving its risk management, indicating that this The rating is a testimony to the bank’s commitment to the highest standards of banking, and contributes to enhancing the confidence of customers and investors.”  [/rtl]
     
    [rtl]Abu Dhaim pointed out that "the National Bank of Iraq will continue its commitment to providing the best banking services to its customers, in an effort to contribute to supporting the Iraqi national economy and enhancing its position on the global economic map."[/rtl]




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