Qatar PR Network, Online Press Release from qatar and Doha city
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
Trade Bank of Iraq Showcases Investment Opportunities in Iraq at Global Trade Review MENA 2020 Summit

Dubai, February 26, 2020:   Trade Bank of Iraq (TBI) promoted investment opportunities in Iraq at the Global Trade Review (GTR) MENA 2020 summit held in Dubai and highlighted their commitment towards reconstruction of Iraq through its activities in the trade finance sector.

Several infrastructure projects are underway in Iraq as the country continues to rebuild leading to several potential investment opportunities in the region especially in the power sector.

It’s assessed that the real GDP growth of Iraq is expected to grow up by an average of 3.1% by 2023 with non-oil GDP expected to grow tremendously on the back of the reconstruction efforts. 

TBI representatives present at the GTR MENA summit highlighted the potential opportunities to invest in the fledgling economy as the country continues to rebuild. 

Commenting on TBI’s participation at the GTR MENA summit Faisal Al Haimus, Chairman & President of Trade Bank of Iraq said: “We have seen a lot of success in the recent years and are on the path to bigger things. Our presence at the GTR is a reflection of our ambition to earmark our presence outside Iraq.

“TBI’s total assets has recorded an increase of 27% and our net profits has seen an increase of 68% in the year 2019 compared to the previous year and we are committed to build on this growth.  

“We are working on the growth and expansion of our operations and will be soon making a few announcements in the coming days.”

TBI is currently working on expanding its network domestically & Internationally to diversify the sources of revenue from retail banking in Iraq to international operations in order to achieve a 30% compounded annual growth rate envisaged in the bank's business plan for 2020-22.

Posted by : Qatar and Doha City PR Network Editorial Team
Viewed 13926 times
PR Category : Banking & Investments
Posted on : Wednesday, February 26, 2020  3:49:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of QatarPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Eid Gifts From The Body Shop [27937-Views]
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive Tired Ski... [17999-Views]
Kristina Fidelskaya A/W 2020 Collection “Dream” [14752-Views]
Maillon De Cartier Watch [13952-Views]
Olay Eyes Hydra Gel [13940-Views]
HONOR MagicBook Series is Perfect for Fashion Forward, Design Conscious Individuals Across the Middl... [13878-Views]
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market [11980-Views]
Turkish Jewellery Designers Terzihan Present 'neutra' Their Stunning New Collection Featuring Raw Na... [11898-Views]
Majority of G.C.C. Travel Agents Envisage a Return to International Travel by August/September [11660-Views]
Urgent Implementation of ICAO COVID-19 Guidelines Needed [10578-Views]
Omega Announces Its Role as the Official Timekeeper of the 36th America's Cup [10193-Views]
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protecting the Environment [9578-Views]
A Bronzed Adonis [8044-Views]
UAE Banks Among Top Performing in GCC, KPMG Report Finds [7974-Views]
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the Kingdom of Saudi Ara... [7441-Views]
COVID-19 Triggers Marked Decline in Global Trade: UNCTAD [7302-Views]
After April Passenger Demand Trough, First Signals of Uptick [7171-Views]
Lamborghini SCV12: Squadra Corse Hypercar Ready to Hit the Track [6482-Views]
Lockdown Showdown: Jaguar I-pace Etrophy Series to Get Back on Track in Berlin in August [5748-Views]
Three Eggs get Yemeni National a Guinness World Records Title [5494-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories