Tag Archives | North Bank

Bank Earnings Take a Hit

By Mark DeWeaver. It’s been lackluster year for the ISX-listed banks. Total pre-tax profit for the 12 non-Islamic lenders that have reported so far fell 12% in the first half on a 3% decline in operating revenue, an 8% increase in operating expense, and a 21% increase in administrative expense. Earnings dropped at 7 of […]

North Bank “in Good Position for Growth”

From Marcopolis. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s North Bank — the largest bank in Iraq (Private) — believes in active involvement in the market, and statics show the bank as the largest in the Republic in giving loans and three times […]


Major New Report on the Iraqi Banking Sector

Singapore-based Sansar Capital Management has issued a comprehensive new report on the Iraqi banking sector. The report finds that while the mix of an improving macro environment and security situation offer attractive investment ingredients, many challenges remain for those interested in participating through public markets. Nevertheless, Iraq remains one of the most under-banked countries in […]

Private Bank Earnings Jump 90%

By John Lee. Twenty-two of Iraq’s 30 private banks made a combined profit of $366 million (427 billion Iraqi dinars) during the first nine months of the year, according to a study released by the Association of Private Banks in Iraq. Al-Hayat newspaper says this is a 90 percent increase in profits over the same […]

North Bank Numbers give Hope to Iraqi Economy

By Sherif Salem. The process of capital formation is underway in Iraq, and that is good news for the grass roots economy. At least that’s what stock market-listed North Bank’s latest earnings results indicate. Iraq’s gross domestic product has been growing at a rapid pace, but that’s mostly due to rising oil production and robust […]

Iraqi Co. for Financing SMEs Tops $26m in Loans

This week the United States Government, through the U.S. Agency for International Development (USAID), will reach a significant milestone in its efforts to support Iraqi businesses. Loans extended by Iraqi Company for Financing Small and Medium Enterprises (ICF-SME) to develop or expand small businesses will reach a total of $26 million or ID 30.18 billion. […]