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Islamic National Bank achieves profits of over 41 billion dinars
Justice / Salah al-Hassani - 02/12/2015
Islamic National Bank announced last year to achieve a profit in 2014 exceeded 41 billion dinars after it achieved a profit in 2013 exceeded 39 billion dinars
Dr. Sadik Rashid al-Shammari managing director of the bank in a statement to the justice that the bank had achieved a growth of more than 13% and achieved positive results as distinct in most of its activities and was the most prominent banking performance in 2014 indicators as follows: total liquidity ratio: 80%, the proportion of profitability: 16.3, leverage ratio Finance: 96%, the capital adequacy ratio: 24%, the proportion of capital investment: 136%, the proportion of cost activity: 26% in the trial balance was cash in hand and at 195 411 banks in 2013 201,592 Cash in accounts at Bank and investments 119 and in 2013 119 Investments and Credit cash 330 601 In 2013 361,163 Monetary Credit and receivables 30.219 In 2013 55,410 Debtors assets and fixed (cost) 6935 and in 2013 6,824 Fixed Assets and Total assets 563 287 In 2013 625,109 Totel Assets in liabilities LIABIL TIES current accounts and deposits 244 182 In 2013 316,818 Current & Deposits Accounts payable 2,543 and in 2013 2,509 Creditors allocations 20.034 In 2013 12,830 Provision paid-up capital and reserves 255 394 In 2013 253,200 Paidup Capital's net profit for the period 41 134 In 2013 39,750 Net Profit the Period Total 563 287 Liabilities In 2013 625,109 Totel Liabilities Dr. Shammari said Sadiq number of dealers with better than other banks, the bank through his all banking business practiced by the banking contemporary Islamic accordance with the provisions of Islamic law tolerant by opening current accounts and savings accounts and money orders Alambtaah and business banking for the sale and purchase of foreign currencies in addition to meet the demands of Contractors and Industrialists and the rest of the other and opening letters of credit and foreign exchange process using the latest technological methods and linking all branches of the bank banking network believes to Djemba customers all the facilities and the use of the system to the outside of the transfer to the speed of achievement despite the lack of legislation Banking Law Islamic slide, noting that the bank offers scholarships for outstanding students and support SMEs, including nearly 30 billion dinars and said Shammari said the bank's many posts and Arab economic contributions and received the shield of the Union of Arab Banks due to the active participation of the Director Commissioner of the bank, the latest forum (Small and Medium Enterprises: The Road to Economic Development and social justice) in Khartoum / Sudan for a period of 4-5 / 2/2015 and was organized by the Union of Arab Banks in cooperation with the Central Bank of Sudan and the Council of Arab Economic Unity and the Union of Sudanese banks and the Arab Union for small businesses and work of the Forum was opened by Dr. Hassabo Mohammed Abdel-Rahman, Vice President of the Republic Sudanese, and Abdul Rahman Hassan Abdel Rahman, Governor of the Central Bank of Sudan and Mohamed Barakat, Chairman of Union of Arab Banks, and Ambassador Mohamed Mohamed spring, the Secretary General of the Arab Economic Unity Council, and with the participation of more than 350 participants from 10 Arab countries, namely Sudan, Egypt, Lebanon, Iraq, Yemen, Tunisia, Saudi Arabia, UAE, Qatar, Jordan, where eating Search Forum the following important topics: the role of small and medium-sized projects in support of economic and social development .walhmol financial role in supporting small and medium enterprises and micro strategies and mechanisms of microfinance in support economic and social development .odor banking sector Arab and international financial institutions and risk assurance in supporting and financing small and medium enterprises Islamic .ochirfah and its role in the financing of small and medium-sized enterprises - the formulas and products .oalaat support and development of small and medium enterprises .ccant of the main recommendations of the Forum urged Arab governments to the importance of establishing an institution (or a public body specialized and independent oversees the small and medium enterprise sector) and is working to coordinate the efforts of the government agencies concerned through a single device, and directed within an integrated development policy for the development of small and medium enterprises sector, and to benefit from the experience of successful countries in this area, given the economic and social importance to reach the sustainable development and the importance of establishing a government loan guarantee fund risks for small and medium-sized enterprises and micro .otbny central banks an incentive policy for the banking sector to support small and medium enterprises sector through the creation of a specialized bank and a review of the legislation and the development of incentives enjoyed by the bank system working in the field of small and medium-sized enterprises .otakiam experiences and initiatives implemented by a number of agencies and institutions interested in the development of rural women, especially with regard to the social impact and economic side of the financial sustainability of the institutions .otaziz role of Arab central banks and by supporting and encouraging the banks to facilitate access to funding for small projects The medium and the need to amend the credit policies of banks to include determining the proportion of the credit portfolio of small and medium enterprises .oges decision-makers on the importance of the integrated framework for strategies to financial inclusion and expanding the use of modern banking techniques developed to ensure access of financial services to low-income .odharorh take Arab governments the necessary measures that would facilitate obtaining the necessary permits for commercial and industrial activities and simplification of procedures as a glimmer of hope for economic and social development .oges Islamic banks to support the development of small and medium enterprises through Astkhaddat products modern finance and formats adapted to the characteristics of different economic activities .odharorh support of Arab governments, innovation, creativity and entrepreneurship and deepen the culture of work free to contribute to the economic and social development .odharorh exchange of experiences and transfer of successful experiences among Arab countries in small, medium and micro enterprises. It is worth mentioning that the paid-up capital of the Islamic National Bank of 251 billion dinars and the main branch is located in Baghdad's Karrada Arsat Indian Land Street and there Branch in a nice neighborhood in Baghdad and four branches in the provinces of Basra and Najaf and Karbala and Maysan and the foundations of the bank (as a private shareholding) under incorporation leave M.h numbered 26073 and dated 05/05/2005 with a capital of 25 Mlyardinar fully paid and got approval from the Central Bank Iraqi on the practice of universal banking were also allow the Bank to mediate the sale and purchase of foreign currencies, according to the license number issued in 03/09/2641 26/09/2005 The actual activity appeared at 4/4/2010. 2011 was a fruitful year and a milestone in the course of the bank, which was characterized by a strong performance and overall growth of all paths and areas of banking and culminated in the positive results and financial highlights, where he achieved a remarkable success in terms of consolidating its position and strengthened its presence and its presence in the Iraqi banking market.
Perhaps the most scored during the year mentioned receiving a very good assessment (2C) for the second consecutive year, according to the classification of the Central Bank of Iraq under evaluation (CAMELS) and this is a very significant emphasis on safety and improve his outstanding performance and quality of its assets and the enjoyment of a high degree of banking security as well as achieving a strong capital base, and enjoy his administration level high of experience and institutional stability, which has been since the beginning of the foundation is still developing plans, policies and programs to support their competitiveness and access to a growing share of the banking market, in order to maximize returns on capital and expand the ownership base through the formulation of a clear future vision Query Bank achieved through Network correspondents amounting to 9 banks spread across the world to deliver the service in accordance with the requirements of the banking business and the Basel Convention committed to Law No. 93 of 2004 on money laundering. The social responsibility of the bank direction of his employees, the bank has appointed a large number of employees in accordance with the appropriate salaries to check them adequately my pension level in addition to their participation in profits through additional salaries and bonuses exchange on various occasions Kalaiad also placed within the strategy in coordination with universities to appoint the top and outstanding, especially in the terms of reference accounting, business administration and information technology also contributed to the granting of outstanding financial rewards and encourage educational and scientific process and motivate students to do more in order to serve their country for the development of science and scientists and sending a number of bank staff training in all disciplines to develop the abilities and banking skills and provide a suitable ambience work environment unfit for work hand equipment and air conditioning, furniture and transportation. And the responsibility of the bank direction dealers with the Bank has developed a special fund to receive proposals pertaining to work and developed and introduced products according to the rule of Islamic law in order to gain customer satisfaction and the lowest cost and fastest ways and means available through the global communication system (Swift) and system (RTGS) and we are serious about the application system Clearing the electronic (ACH) after creating all the means to that system, and all Mikhaddm customer. The Bank also to social responsibility, who is the community contributed by providing many jobs and funding for some small projects such as the establishment of private schools and seeks serious to finance the dentist and doctors clinics and what you need medical complexes specialist for the purchase of sophisticated equipment to treat various analyzes and competitive prices installments comfortable and link these shots cash flows and studies of economic and technical feasibility of so as not to strain the shoulders of the owners of these complexes of doctors and specialists and thus they can offer their services at affordable prices to citizens, particularly's customers bank of good customers who need them the bank, also seeks to open accounts for college students by the deposit accounts has for the purpose of depositing tuition. The Bank has also developed a marketing plan involved in the implementation of all workers to secure a trained group of cadres in the field of marketing in order to identify opportunities for the employment of resources to finance economic sectors and exploiting these opportunities through its branch network proposed
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Justice / Salah al-Hassani - 02/12/2015
Islamic National Bank announced last year to achieve a profit in 2014 exceeded 41 billion dinars after it achieved a profit in 2013 exceeded 39 billion dinars
Dr. Sadik Rashid al-Shammari managing director of the bank in a statement to the justice that the bank had achieved a growth of more than 13% and achieved positive results as distinct in most of its activities and was the most prominent banking performance in 2014 indicators as follows: total liquidity ratio: 80%, the proportion of profitability: 16.3, leverage ratio Finance: 96%, the capital adequacy ratio: 24%, the proportion of capital investment: 136%, the proportion of cost activity: 26% in the trial balance was cash in hand and at 195 411 banks in 2013 201,592 Cash in accounts at Bank and investments 119 and in 2013 119 Investments and Credit cash 330 601 In 2013 361,163 Monetary Credit and receivables 30.219 In 2013 55,410 Debtors assets and fixed (cost) 6935 and in 2013 6,824 Fixed Assets and Total assets 563 287 In 2013 625,109 Totel Assets in liabilities LIABIL TIES current accounts and deposits 244 182 In 2013 316,818 Current & Deposits Accounts payable 2,543 and in 2013 2,509 Creditors allocations 20.034 In 2013 12,830 Provision paid-up capital and reserves 255 394 In 2013 253,200 Paidup Capital's net profit for the period 41 134 In 2013 39,750 Net Profit the Period Total 563 287 Liabilities In 2013 625,109 Totel Liabilities Dr. Shammari said Sadiq number of dealers with better than other banks, the bank through his all banking business practiced by the banking contemporary Islamic accordance with the provisions of Islamic law tolerant by opening current accounts and savings accounts and money orders Alambtaah and business banking for the sale and purchase of foreign currencies in addition to meet the demands of Contractors and Industrialists and the rest of the other and opening letters of credit and foreign exchange process using the latest technological methods and linking all branches of the bank banking network believes to Djemba customers all the facilities and the use of the system to the outside of the transfer to the speed of achievement despite the lack of legislation Banking Law Islamic slide, noting that the bank offers scholarships for outstanding students and support SMEs, including nearly 30 billion dinars and said Shammari said the bank's many posts and Arab economic contributions and received the shield of the Union of Arab Banks due to the active participation of the Director Commissioner of the bank, the latest forum (Small and Medium Enterprises: The Road to Economic Development and social justice) in Khartoum / Sudan for a period of 4-5 / 2/2015 and was organized by the Union of Arab Banks in cooperation with the Central Bank of Sudan and the Council of Arab Economic Unity and the Union of Sudanese banks and the Arab Union for small businesses and work of the Forum was opened by Dr. Hassabo Mohammed Abdel-Rahman, Vice President of the Republic Sudanese, and Abdul Rahman Hassan Abdel Rahman, Governor of the Central Bank of Sudan and Mohamed Barakat, Chairman of Union of Arab Banks, and Ambassador Mohamed Mohamed spring, the Secretary General of the Arab Economic Unity Council, and with the participation of more than 350 participants from 10 Arab countries, namely Sudan, Egypt, Lebanon, Iraq, Yemen, Tunisia, Saudi Arabia, UAE, Qatar, Jordan, where eating Search Forum the following important topics: the role of small and medium-sized projects in support of economic and social development .walhmol financial role in supporting small and medium enterprises and micro strategies and mechanisms of microfinance in support economic and social development .odor banking sector Arab and international financial institutions and risk assurance in supporting and financing small and medium enterprises Islamic .ochirfah and its role in the financing of small and medium-sized enterprises - the formulas and products .oalaat support and development of small and medium enterprises .ccant of the main recommendations of the Forum urged Arab governments to the importance of establishing an institution (or a public body specialized and independent oversees the small and medium enterprise sector) and is working to coordinate the efforts of the government agencies concerned through a single device, and directed within an integrated development policy for the development of small and medium enterprises sector, and to benefit from the experience of successful countries in this area, given the economic and social importance to reach the sustainable development and the importance of establishing a government loan guarantee fund risks for small and medium-sized enterprises and micro .otbny central banks an incentive policy for the banking sector to support small and medium enterprises sector through the creation of a specialized bank and a review of the legislation and the development of incentives enjoyed by the bank system working in the field of small and medium-sized enterprises .otakiam experiences and initiatives implemented by a number of agencies and institutions interested in the development of rural women, especially with regard to the social impact and economic side of the financial sustainability of the institutions .otaziz role of Arab central banks and by supporting and encouraging the banks to facilitate access to funding for small projects The medium and the need to amend the credit policies of banks to include determining the proportion of the credit portfolio of small and medium enterprises .oges decision-makers on the importance of the integrated framework for strategies to financial inclusion and expanding the use of modern banking techniques developed to ensure access of financial services to low-income .odharorh take Arab governments the necessary measures that would facilitate obtaining the necessary permits for commercial and industrial activities and simplification of procedures as a glimmer of hope for economic and social development .oges Islamic banks to support the development of small and medium enterprises through Astkhaddat products modern finance and formats adapted to the characteristics of different economic activities .odharorh support of Arab governments, innovation, creativity and entrepreneurship and deepen the culture of work free to contribute to the economic and social development .odharorh exchange of experiences and transfer of successful experiences among Arab countries in small, medium and micro enterprises. It is worth mentioning that the paid-up capital of the Islamic National Bank of 251 billion dinars and the main branch is located in Baghdad's Karrada Arsat Indian Land Street and there Branch in a nice neighborhood in Baghdad and four branches in the provinces of Basra and Najaf and Karbala and Maysan and the foundations of the bank (as a private shareholding) under incorporation leave M.h numbered 26073 and dated 05/05/2005 with a capital of 25 Mlyardinar fully paid and got approval from the Central Bank Iraqi on the practice of universal banking were also allow the Bank to mediate the sale and purchase of foreign currencies, according to the license number issued in 03/09/2641 26/09/2005 The actual activity appeared at 4/4/2010. 2011 was a fruitful year and a milestone in the course of the bank, which was characterized by a strong performance and overall growth of all paths and areas of banking and culminated in the positive results and financial highlights, where he achieved a remarkable success in terms of consolidating its position and strengthened its presence and its presence in the Iraqi banking market.
Perhaps the most scored during the year mentioned receiving a very good assessment (2C) for the second consecutive year, according to the classification of the Central Bank of Iraq under evaluation (CAMELS) and this is a very significant emphasis on safety and improve his outstanding performance and quality of its assets and the enjoyment of a high degree of banking security as well as achieving a strong capital base, and enjoy his administration level high of experience and institutional stability, which has been since the beginning of the foundation is still developing plans, policies and programs to support their competitiveness and access to a growing share of the banking market, in order to maximize returns on capital and expand the ownership base through the formulation of a clear future vision Query Bank achieved through Network correspondents amounting to 9 banks spread across the world to deliver the service in accordance with the requirements of the banking business and the Basel Convention committed to Law No. 93 of 2004 on money laundering. The social responsibility of the bank direction of his employees, the bank has appointed a large number of employees in accordance with the appropriate salaries to check them adequately my pension level in addition to their participation in profits through additional salaries and bonuses exchange on various occasions Kalaiad also placed within the strategy in coordination with universities to appoint the top and outstanding, especially in the terms of reference accounting, business administration and information technology also contributed to the granting of outstanding financial rewards and encourage educational and scientific process and motivate students to do more in order to serve their country for the development of science and scientists and sending a number of bank staff training in all disciplines to develop the abilities and banking skills and provide a suitable ambience work environment unfit for work hand equipment and air conditioning, furniture and transportation. And the responsibility of the bank direction dealers with the Bank has developed a special fund to receive proposals pertaining to work and developed and introduced products according to the rule of Islamic law in order to gain customer satisfaction and the lowest cost and fastest ways and means available through the global communication system (Swift) and system (RTGS) and we are serious about the application system Clearing the electronic (ACH) after creating all the means to that system, and all Mikhaddm customer. The Bank also to social responsibility, who is the community contributed by providing many jobs and funding for some small projects such as the establishment of private schools and seeks serious to finance the dentist and doctors clinics and what you need medical complexes specialist for the purchase of sophisticated equipment to treat various analyzes and competitive prices installments comfortable and link these shots cash flows and studies of economic and technical feasibility of so as not to strain the shoulders of the owners of these complexes of doctors and specialists and thus they can offer their services at affordable prices to citizens, particularly's customers bank of good customers who need them the bank, also seeks to open accounts for college students by the deposit accounts has for the purpose of depositing tuition. The Bank has also developed a marketing plan involved in the implementation of all workers to secure a trained group of cadres in the field of marketing in order to identify opportunities for the employment of resources to finance economic sectors and exploiting these opportunities through its branch network proposed
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