North Bank announces capital increase next year (250) billio

[Stillw8n]

North Bank announces capital increase next year (250) billion dinars

Baghdad (news) .. announced adviser North Bank wholesome Elias Abou increase the bank’s capital for the next year of up to (250) billion dinars according to the regulations the Central Bank.

said Abbou in a statement (for the Agency news) on Wednesday: that the North Bank of the banks that Founded in 2004, starting with a capital of two and five hundred million dinars, but has in recent years to increase recurrent, where he became at the present time (175) billion and it is hoped to arrive in the next year to (250) billion dinars according to the regulations the Central Bank.
The Abbou to: the Bank shall provide all banking services, including (open current accounts, foreign remittances, and the sale and purchase of foreign currencies, and the opening credits for the purpose of import and export, as well as to provide guarantees for the purpose of construction and projects).

and between: that private banks offer staff a good addition to the use of mechanization, modern, but the dominance of the public sector in the recent period is still in control of the minds of the citizens, making them move away from private banks and the fear of them.

The bank obtained a leave of incorporation issued by the Registrar of Companies under No. m her book. B / 9713 in 7/10/2003, and leave the practice of banking from the Central Bank of Iraq under his No. 9/3/341 in 9/3/2004, and began its provision of banking services to clients on 1.4.2004 with a capital of (2.5 ) two and a half billion Iraqi dinars.

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