"ANALYSIS OF IRAQ NEWS" “IT WAS MUCH MORE THAN THAT… AND THIS WAS MAINLY DUE TO THE CONTRACTS SUDANI SIGNED IN 2023.” BY FRANK26, 29 JAN

 “IT WAS MUCH MORE THAN THAT… AND THIS WAS MAINLY DUE TO THE CONTRACTS SUDANI SIGNED IN 2023.”…………F26

The Credit Bank of Iraq achieves a profit of 17.5 billion dinars during the year 2023

1/26/2024

The Credit Bank of Iraq achieved a profit of 17.5 billion dinars during the year 2023.

The bank announced its financial budget for the year 2023. Its assets rose to 507.7 billion dinars, while it was 406.7 billion dinars in the year 2022, a growth rate of 24.8%.

The bank’s revenues amounted to 27.1 billion dinars, divided into 18.3 billion dinars resulting from banking interest revenues and 3.7 billion dinars through banking commission revenues, in addition to revenues from the dollar and capital platform.

The bank’s profits grew by 63.5% during the year 2023 compared to the year 2022, which reached 10.7 billion dinars.   LINK