National Bank of Iraq achieves strong financial growth in 2024
The National Bank of Iraq announced its financial results for 2024, which showed a remarkable growth in various financial indicators, reflecting the strength of the bank’s performance and expansion in providing banking and credit services.
The bank’s assets during 2024 amounted to about 5.1 trillion Iraqi dinars compared to 3.9 trillion dinars in 2023, recording a growth rate of 30.8%. Credit facilities also rose to 1.78 trillion dinars after being 1.3 trillion dinars in 2023, achieving a growth of 36.9%.
As for the level of deposits, it witnessed a significant increase, reaching 3.46 trillion dinars in 2024, compared to 2.9 trillion dinars in 2023, an increase of 19.3%. Pre-tax profits also rose to 293.9 billion dinars during 2024, from 228.9 billion dinars in 2023, recording a growth of 28.4%.
In terms of revenues, it rose to 452 billion dinars during 2024, compared to 343.1 billion dinars in 2023, with a growth rate of 31.7%. The volume of the bank’s investments in government bonds amounted to about 920 billion dinars.
The bank achieved net profits after the income tax deduction amounting to 252.3 billion dinars last year, while the bank’s purchases for customers from the currency sale window amounted to more than $16.2 billion, resulting in commissions of 151 billion dinars.
https://economy-news.net/content.php?id=52762
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