FRANK26…2-11-25…..”IN A FEW…”

National Bank of Iraq achieves strong financial growth in 2024, 14 FEB

 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

TIDBIT FROM FNU LNU, 14 FEB

  Fnu Lnu 

 I hope you have paid attention to my advice on tax mitigation and how to keep what you have earned by being faithful and forward looking...

There are simple things that can be done to prevent [The taxing agencies] from becoming your silent partner though they did nothing to help you earn your rewards. Stay alert, watch the progress the best you can and may we all Live Long and Prosper

FNU LNU: The old and new currency will coexist for 10 years!! @DINARREVALUATION #iraqidinarinvestor

 

The Presidency of the Republic approves the personal status laws, general amnesty and return of real estate, 14 FEB

 The Presidency of the Republic approves the personal status laws, general amnesty and return of real estate

The Presidency of the Republic approved on Thursday the laws of personal status, general amnesty and the return of real estate, after the Federal Supreme Court decided, on Tuesday, to reject the appeal filed against these laws and cancel the state order to suspend them.

The House of Representatives voted in its third session of its first legislative term, the fourth legislative year of the fifth electoral session, on January 21, chaired by Mahmoud Al-Mashhadani on three important laws. At the beginning of the session, the Council voted on the proposal to amend the Personal Status Law No. 188 of 1959 submitted by the Legal, Women, Family and Childhood Committees, in line with what is stipulated in Article (2) of the Constitution, which prohibits the enactment of any law that contradicts the constants of the provisions of Islam, in addition to Article (41), which guarantees the freedom of individuals to adhere to their personal status according to their religions, doctrines or beliefs.

The Council also voted on the draft law on the return of real estate to their owners covered by some decisions of the Revolutionary Command Council (dissolved), with the aim of restoring the rights to their owners and removing the effects of unfair expropriation that affected citizens’ lands.

With regard to general amnesty, the Council also voted on the draft law of the second amendment to the Amnesty Law No. (27) of 2016, which aims to provide an opportunity for perpetrators of terrorist crimes and organized crimes to reintegrate into society after their rehabilitation, with a focus on behaviors of kidnapping people, which are considered one of the most serious crimes.

https://burathanews.com/arabic/news/456372

EXCERPTS FROM MARKZ : " The rumors started on some boards and social media that CMKX has started" . 14 FEB

 EXCERPTS FROM MARKZ

Member: How is CMKX going ?

MZ: The rumors started on some boards and social media that CMKX has started. I reached out to many of my CMKX contacts…no confirmations. We are so interconnected so if even one person got paid- we would all know it. But it’s hopeful and sounds good. Another rumor for now.

Member: Mark I heard big groups got paid , like Farm claims, Adjudicated groups? Hope its true

​​Member: Restored Republic stated tier 4b started… IDK

Member: Some are saying historic bond folks have been liberated

MZ: I have quite a few of them who are expecting and believe things are moving forward and they are positioning for a “shotgun” ….maybe a two day shotgun because of the liquidity rollout. I keep hearing dates like this Friday through Monday…..this weekend.

MZ: There are some bond folks and groups that are very excited. And receiving the same information.

MZ: Remember we do not know the timing….we only share what we are seeing and hearing.

MNT : This situation with Iran has to be worked out, BEFORE THAT THE RV COMES! @DINARREVALUATION