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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


2 posters

    President of the Trade Bank of Iraq: We look forward to working in Lebanon and Turkey

    Hkp1
    Hkp1
    Interacting Investor
    Interacting Investor


    Posts : 3118
    Join date : 2012-12-19

    President of the Trade Bank of Iraq: We look forward to working in Lebanon and Turkey Empty President of the Trade Bank of Iraq: We look forward to working in Lebanon and Turkey

    Post by Hkp1 Fri 24 May 2013, 12:01 am

    President of the Trade Bank of Iraq: We look forward to working in Lebanon and Turkey



    24-05-2013 | (Voice of Iraq) - Add a comment -
    Abu Dhabi: Al-Sharq Al-Awsat

    Chairwoman
    of the Board of Directors of the Trade Bank of Iraq's state-owned
    yesterday that the bank intends to expand its activities and open local
    branches in Lebanon and Turkey to benefit from the growth of trade with
    the two countries.

    The bank, which was founded in 2003 as a
    commercial bank and practically a monopoly on letters of credit used in
    international trade to ensure that government procurement.

    Dry
    said Hamdiya Director-General and Chairman of the Board of Directors of
    the Bank, in an interview with Reuters that the bank is awaiting
    approval by the Lebanese authorities and will soon apply for a license
    in Turkey.

    He added that the bank has 16 branches around the country will open three new branches in 2013.

    Dry Hamdiya receive her energy conference in Abu Dhabi yesterday (a. P.)

    She
    said on the sidelines of an energy conference held in Abu Dhabi
    «witnessing growth in business activities between Iraq and countries
    such as Lebanon and Turkey, the UAE and we want to expand our business
    operations and our credit portfolio. She added that increasing numbers
    of Iraqis living in these two countries will discuss the bank enter the
    UAE when the opportunity comes.

    The focus of the main activities
    of the Bank on trade finance, but also seeks to enter the areas of
    project finance, industrial and agricultural finance.

    And Hamdiya added: «show a lot of projects in Iraq in various fields, so we want to be a part of this.

    And
    the development of Iraq's massive plans for the construction of
    infrastructure to export oil to suit the expected rise in crude
    production but lacks sufficient funding after years of war and sanctions
    that have undermined the economy.

    Hamdiya stated that the Trade
    Bank of Iraq participates in a project worth 18 billion dollars to build
    a pipeline between Basra in Iraq and Aqaba in Jordan without offering
    details, since the plan is still in the final stages.

    She added
    that the bank - not included in the Iraqi Stock Exchange, which grew its
    net profit 34 per cent last year - is expected to grow a similar or
    greater in 2013 with the expansion of its activities, adding that the
    bank's net profits amounted to $ 228 million last year, the highest
    level in four years.

    The bank's capital amounts to about $ 800 million, up from 100 million when it started its activities in 2003.

    [You must be registered and logged in to see this link.]
    notazbad2000
    notazbad2000
    NNP TEAM
    NNP TEAM


    Posts : 5132
    Join date : 2012-12-19
    Age : 60
    Location : The Sunshine State

    President of the Trade Bank of Iraq: We look forward to working in Lebanon and Turkey Empty Re: President of the Trade Bank of Iraq: We look forward to working in Lebanon and Turkey

    Post by notazbad2000 Fri 24 May 2013, 4:44 am

    TBI to inaugurate branches in Turkey, Lebanon, UAE


    Added by [You must be registered and logged in to see this link.] on May 23, 2013.
    Saved under [You must be registered and logged in to see this link.]
    Tags: [You must be registered and logged in to see this link.], [You must be registered and logged in to see this link.], [You must be registered and logged in to see this link.]

    [You must be registered and logged in to see this image.]
    <p style="text-align: justify;">Baghdad (IraqiNews.com) The Trade Bank of Iraq announced its intention to inaugurate branches in Turkey, Lebanon and UAE.
    The Director General of the Board of Directors of the Bank, Hamdiya al-Jaff, reported in press statement to IraqiNews.com “The bank intends to expand its local activities and inaugurate new branches in Turkey, Lebanon and the UAE to take use of the trade development in these countries.”
    <p style="text-align: justify;">“The bank is waiting for the approval of the Lebanese authorities and will submit a request to obtain a banking license in Turkey,” she added, noting that “The Bank already has (16) branches in Iraq and intends to open three new branches within the work plan of 2013.”The TBI, which was founded in 2003 as a governmental commercial bank, is monopolizing the letters of guarantee which are necessary for the international trade for the needs of the Iraqi Government.The capital of the TBI was USD (100) million when it was founded in 2003 while it reaches now USD (800) million. \END\


    Read more: [You must be registered and logged in to see this link.]
    Follow us: [You must be registered and logged in to see this link.] | [You must be registered and logged in to see this link.]


    _________________
    TAZ

    The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.
    Martin Luther King Jr., Strength to Love, 1963


      Current date/time is Mon 17 Jun 2024, 6:14 pm