Trade Bank of Iraq Announces Capital Increase to USD 3 Billion Under New Three Year Strategic Vision
BAGHDAD, Iraq and ABU DHABI,UAE, April 15, 2020 /PRNewswire/ -- Trade Bank of Iraq (TBI) has announced a new capital increase that aims to raise the bank's financial strength in line with the new strategic vision for 2020-23.
- BAGHDAD, Iraq and ABU DHABI,UAE, April 15, 2020 /PRNewswire/ -- Trade Bank of Iraq (TBI) has announced a new capital increase that aims to raise the bank's financial strength in line with the new strategic vision for 2020-23.
- The bank has increased its capital to USD 3 billion (3.5 Trillion Iraqi Dinar) for the year 2020 from USD 2.3 billion (2.7 Trillion Iraqi Dinar) in 2019.
- TBI achieved a robust growth in revenues and in key financial areas during the financial year 2019.
- The total assets of TBI grew to USD 29 billion (34 trillion Iraqi Dinar) in 2019 thereby recording an increase of 27% in comparisonto 2018.