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Bank of Iraq's profits rise 23% in the second quarter

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Bank of Iraq's profits rise 23% in the second quarter

Unread postby admin » Mon Jul 16, 2018 1:59 pm

Bank of Iraq's profits rise 23% in the second quarter

16/07/2018

Bank of Iraqs profits rise 23 percent in the second quarter

BAGHDAD - BTRI's
financial results showed a 23.1 percent year-on-year increase in its second-quarter profit.

The bank's net profit for the second quarter stood at 2.02 billion dinars ($ 1.7 million), compared to 1.64 billion dinars ($ 1.38 million) in the second quarter of last year.

At the first half of 2018, the bank's profits rose1.67% to KD 4.8 billion, compared to KD 4.72 billion in the first half of last year.

Total expenses declined during the first half of this year to 3.82 billion dinars, compared with expenses of 4.08 billion dinars during the same period last year.

The bank's profits for the first quarter of this year fell to 2.78 billion dinars, compared with profits of 3.08 billion dinars in the first quarter of 2017.

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