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Trade Bank of Iraq Reports $300m Profits for the Year

State owned bank has paid 15% of profits to Iraqi finance ministry

According to source, the state owned Trade bank of Iraq (TBI) has generated profits of $300 million in the past year.

Faisal al-Haimus, director with the TBI, has also revealed that 15% of the banks last year profits will be paid directly to the Iraq ministry of finance.

The bank has also recently opened up a new office in the UAE to assist with further promotion of international investment and opportunities within Iraq.

Source: Iraq Trade Link

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