Industrial Bank: capital increase will contribute to increasing our activities by introducing new banking credits

Remember the article that Turki said to bring up the bank revenues to 213 Billion Dinars By June.
I believe this is part of it!

Author: Bian2 on: Wednesday 05/01/2013 10:35 am


News Source: Baghdad 2



BAGHDAD / WAP / The general director of the Industrial Bank Mohamed Abdel Wahab Abdul Qadir, said the capital increase will contribute to the increase in the activities of the Industrial Bank through the introduction of new banking activities to contribute to the development of economic reality.


He said Abdulwahab news agency Baghdad International / WAP / "The bank's capital during the past period was 125 ملياردينار but after approval of the Council of Representatives on the federal budget has been increased to 175 billion dinars, adding 50 billion dinars, this increase will benefit the bank to increase the geographical area of ​​the construction and the establishment of in all the province of Iraq, which will be a new addition to the current bank branches operating on the development of the industrial reality. "

He pointed out that "increase the bank's capital will help the bank to increase credit plan for the bank, especially after obtaining the approval of the Minister of Finance Ali Shukri agency plan to increase credit to the bank in 2013 and which became 33 billion dinars."

He said the "Industrial Bank of its primary functions to encourage the industrial sector (small, medium and mixed), while the ratio of the sector mixed, the bank's shareholder b (14 companies) of the mixed sector and up (10) companies from the private sector and that are supported loans to raise the production process of local . "

He explained that "the bank continues to grant loans to medium sectors according to plan our credit assessments and statements on the significance of the projects implemented according to a study table provided and guarantees provided."

He said Director General of Industrial Bank that "the greater the bank's capital is increased the production process (direct proportion), and that the bank continuously in coordination with the Ministry of Finance to prepare a plan through the center of financial training and accounting for the purpose of raising the efficiency of all employees of the Ministry of Finance, General and Industrial Bank private, in addition to the existence of at the bank training center to train a cadre floor bank and branch banking instructions. "


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