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  1. #1
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    North Bank: Our profits 69 billion dinars in 2012 and deposits 1.6 trillion dinars

    North Bank: Our profits 69 billion dinars in 2012 and deposits 1.6 trillion dinars

    Author: MJM
    Editor: AJ, NK 4/6/2013 19:23

    Term Press / Baghdad

    The General Authority for the North Bank for Finance and Investment, on Saturday announced that it made a profit last year amounted to about 69 billion Iraqi dinars, but pointed out that the profits "top level" of Iraqi private banks, while that they need "for moral support from the government without financial."
    This came during a meeting of the General Authority for the North Bank for Finance and Investment on Saturday at the headquarters of the Bank of the North in the Iraqi capital Baghdad, cross-sectional performed the activity of the previous stage and profits for 2012 and attended.

    As said media adviser to the Bank of the North Adel Mahdi said in an interview to the (long-Presse) that "this meeting is held every year to discuss the annual report of the Bank and at the same time be the an opportunity to review the future plan of the personnel working in the bank," noting that "in reading the annual report for the year 2012, we find that the North Bank achieved an operating profit in the language 68.813 billion Iraqi dinars, the highest in recent years among the general Iraqi private banks, which have increased in number to 35 banks. "

    Mehdi added, "As for the deposits of the financial position for the year 2012 has reached (1,604) trillion Iraqi dinars, where ran a bank also first place if they were comparable to what is installed in the financial statements of the Iraqi private banks on the face."

    He Mahdi that "the bank is developing a new program for the next phase includes increasing the number of branches in Iraq and interest in expanding the culture of technical for banking business in general," noting "we have cooperated with the rest of the Iraqi banks across the Association of Banks and at the same time we have close ties to the rest of the banks in addition to Arab cooperation and internationally through our correspondents. "

    The media adviser to the Bank of North Adel Mahdi, "We have 17 branches in Iraq, three of them in Iraqi Kurdistan and five branches in Baghdad and the rest divided between the southern and northern provinces."

    For his part, Chairman of the North Bank and investment Nawzad David Dry in an interview to the (long-Presse) that the bank has invested "huge projects over the past years in Iraq," explaining, "It is a project of pure water for the Rusafa district and station project Chamchamal electrical generating 1000 megawatts to the city of Sulaymaniyah and Erbil refinery project and project refinery Alpazian and lab project Cement Alabarh and this project is one of the mega projects. "
    He dry that "the bank cooperation with Asia-Cell Telecom and executed a deal worth a billion and a quarter, representing 25% of the company's capital and of five billion dollars," explaining that "a significant portion of these funds came from the Iraqi Central Bank on the road to remittances and another foreign market entered by Iraqi investors for securities in Baghdad, "adding that" all these amounts deposited in the bank account of the north. "

    The market for securities Iraq had declared, in (5 March 2013), that the IPO Asia Cell Telecommunication in circulation doubled capital stock during the month of February to more than nine billion dollars, as he emphasized that the company has become the largest shareholder in the market.

    The press spokesman of the Association of Iraqi banks own sword Hilfi talking to (long-Presse) "I think this meeting is important for the North Bank in explaining the economic and financial policy adopted by the bank through which grossed big in 2012 and began distributing to shareholders to the extent owed," noting that "The meeting was very positive and came out a number of positive recommendations."

    It is said that the Public Authority for the North Bank for Finance and Investment is a private shareholding company founded by a number of shareholders representing a group of businessmen, traders and concerned at the level of the Iraqi market, regional, and they have extensive experience in the revitalization and development of the national economy according to the principles of modern scientific through the adoption of advanced technological knowledge used in Arab Banks .

    http://www.almadapress.com/ar/news/9...7%D8%B1-%D8%AF

  2. #2
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    To the moon Alice

    Bazinga

    Bam! Pow! Zap! Holy profits Batman. This one is the one that will eventually subsidize a portion of my retirement someday.
    Last edited by HumbleGenius; 04-07-2013 at 02:33 PM.
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  3. #3
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    Quote Originally Posted by HumbleGenius View Post
    Bazinga

    Bam! Pow! Zap! Holy profits Batman. This one is the one that will eventually subsidize a portion of my retirement someday.
    Dude get dem shares!

  4. #4
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    Quote Originally Posted by HumbleGenius View Post
    Bazinga

    Bam! Pow! Zap! Holy profits Batman. This one is the one that will eventually subsidize a portion of my retirement someday.
    was going to be dar al salaam and warka for me , however it would take an act of god to change that !!!

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